Brisbane house rents hold at the record high: Domain

Brisbane house rents hold at the record high: Domain
Brisbane house rents hold at the record high: Domain

Greater Brisbane’s rental market is slowly changing to favour landlords, with rents rising and yields improving, according to new data from Domain.

The Domain 2019 Rental report found that the extended period of heightened rental supply from 2012 for roughly half a decade appears to be coming to an end.

Tenants will find the rental market is now entering new territory.

Not only will they start to find competition to secure a lease has increased, the choice of available rental stock will be narrowing.

Median weekly rents have already started to climb while the vacancy rate slides.

This turnaround follows almost four years of stagnant rents.

Domain said landlords may start to hike rents as advertised stock dwindles.

For the March quarter, available rentals are at a three-year low.

Brisbane house rents hold at the record high: Domain

Source: Domain 2019 Rental report 

A three bedroom Petrie Terrace house has been listed for lease with a price of $400 per week (pictured below).

The house at 291 Hale Street comes with high ceilings, polished timber floor, double fireplace in living and kitchen, master bedrooms, two other bedrooms, and alfresco paved area.

It is close to Paddington's shops, cafes, and Suncorp Stadium. 

Brisbane house rents hold at the record high: Domain

A one bedroom Teneriffe apartment has been recently listed for lease with a price of $380 per week (pictured below).

Positioned right on the river, the apartment at 92/53 Vernon Terrace comes with one bedroom with built-ins, large living area, secure rooftop car space and riverfront pool.

This building is located in the heart of Teneriffe in a garden setting.

Brisbane house rents hold at the record high: Domain

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Brisbane Domain

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