Where Brisbane landords face rental challenges in 2017: Pete Wargent

Where Brisbane landords face rental challenges in 2017: Pete Wargent
Where Brisbane landords face rental challenges in 2017: Pete Wargent
One should typically expect to see vacancy rates rise in December and January, and nationally vacancy rates were up to 2.8 per cent before Christmas according to SQM Research. 
 
The increase was largely driven by Brisbane, which jumped to 3.7 percent.  
 
 
Where Brisbane landords face rental challenges in 2017: Pete Wargent

As these numbers aren't seasonally adjusted it's technically 'chart crime' to smooth them over a few months, but nevertheless this can help to give a sense of the trend. 
 

Where Brisbane landords face rental challenges in 2017: Pete Wargent

We expect to see seasonal spikes in vacancy rates in suburbs such as Indro, Toowong, and perhaps Milton, at least in part because there are fewer students around over the summer break. 
 
The tasty action is happening in the construction hubs such as the Valley and Newstead...
 
Click to enlarge
 
Where Brisbane landords face rental challenges in 2017: Pete Wargent
 
Source: SQM Research

And especially South Brisbane and West End, though the student effect is a part of this December jump too.
 

Where Brisbane landords face rental challenges in 2017: Pete Wargent

Source: SQM Research
 
The trend is not the landlord's friend in these areas, with several thousand more inner city apartment completions expected to come onstream before the end of June. 
 

PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger.

His latest book is Four Green Houses and a Red Hotel.

Pete Wargent

Pete Wargent

Pete Wargent is the co-founder of BuyersBuyers.com.au, offering affordable homebuying assistance to all Australians, and a best-selling author and blogger.

Tags: 
Brisbane Apartment Market

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