Brisbane’s median rent has held steady at $450 per week according to the latest figures from Domain Group’s rental and house price report.
But of course there are always exceptions to every rule, and landlords in Kenmore will be partying harder than their tenants. This western suburb’s rent grew 12% to a median of $560.
Tenants Queensland chief executive Penny Carr has put a balanced spin on things: “What it says to me is the market for houses is pretty balanced. Even then you’re going to see some hot and cold spots,” she told Domain.
For tenants this means the time is right to find a good deal.
For investors, the news is actually pretty good too. SQM Research shows that Brisbane’s rental yields for houses and units remain well above the capital city average and higher than Sydney and Melbourne.