This is down from 2.4 per cent in the September quarter according to the REIQ Rental Report released this month.
Dwellings in the middle ring of 5-20kms were more affordable than those in inner Brisbane, attracting greater interest from tenants, according to the REIQ.
In contrast the inner Brisbane vacancy rate reached 3.8 per cent, up from 3.4 per cent in the September quarter as the supply of new apartments continued to hit the market.
REIQ CEO Antonia Mercorella said the December quarter was historically high and then traditionally dropped again in January.
“December quarter has a history of easing before vacancy rates return to normal in the new year, probably as people re-locate over the Christmas period, and we expect the March quarter 2016 will follow this trend,” she said.
Outside of Brisbane, the Gold Coast fell to its lowest vacancy rate on record at 1.1 per cent, ahead of the 2018 Commonwealth Games. Noosa recorded the tightest rental market in Queensland at 0.7 per cent.
The REIQ classifies tight, healthy and weak rental markets according to the following categories:
- up to 2.5% = tight
- 6% to 3.5% = healthy
- over 3.6% = weak.
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