For the first time in three years, Brisbane rents have lifted, potentially signalling the end of what has been a tenants’ market.

The median asking rent for houses is up 2.5 per cent quarter-on-quarter and the same amount year-on-year.

“The Brisbane market is slowly turning to favour landlords as underlying demand begins to absorb advertised rental supply,” Domain senior research analyst Nicola Powell said.

“Available rental stock has been sliding since the end of 2017, and is now at a three-and-a-half year low.”

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