Rents jumped 0.8 per cent in the March quarter to reach a median $436 per week, matching the national average. Rents are up 1.4 per cent over the past 12 months, reports news.com.au.
Taking a closer look, the median rent for Brisbane houses is $453 and the median rent for units is $399.
The most expensive city for Australian renters is – not surprisingly – Sydney, where the median rent is now $582 per week.
Brisbane’s rental yields have also notched up a solid performance, sitting at 4.55 per cent, which is higher than the national average of 4.1 per cent.
Some are tipping a continued improvement to rental yields as interstate migration remains strong, and investors look for good value, reports news.com.au.
The middle ring suburbs are still where it’s at. Buyers can still find entry level prices with prospects for long term growth.
Check out the #5 suburbs tipped for solid growth in values and rental yields:
- Chermside West
- Cannon Hill
- Holland Park