Our Response to COVID-19
Read More
News

Brisbane apartment rents rise despite inner city oversupply

By George Hadgelias

BRISBANE apartment rents rose sharply in July, despite an oversupply of stock in the inner city.

Rent.com.au has released its latest report based on last month’s property leasing data and it shows a shift in median rental property prices, rental affordability and the price of house and apartment living by Walk Score®.

Brisbane was among five capitals to record an increase in apartment rents, with the river city’s median unit rent jumping from $380 to $395/week — just below Melbourne’s at $400/week.

But Brisbane house rents stagnated in July — dropping 1.2 per cent to $410/week.

The only capital city to record a bigger drop during the month was Canberra, which saw median house rents fall 2 per cent to $490/week.

Brisbane also has the cheapest houses for rent in the most walkable suburbs, according to a new report.

Furnished flat less than $40,000

Buyer pays millions in cash for this house

Queensland’s fastest growing areas

The report compared its Walk Score® data to price-per-room data across all leased properties in Brisbane, Melbourne, Sydney, Adelaide and Perth during the month, aiming to identify price trends in areas with varying levels of walkability.

It found Brisbane had the most affordable houses for rent in suburbs where daily errands don’t require a car, at $186.70 a week.

For more information click here.

Up to Date

Latest News

  • 5 areas you should upgrade before selling your home

    When it comes to selling a property, there are many tricks of the trade you can employ to improve your sale price. From a lick of paint to simply mowing the lawn, find out which focus-areas and tasks will have the biggest impact for the lowest cost. We spoke to … Read more

    Read Full Post

  • Live List: Online Exercise Classes to Do in Your Living Room

    Working from home, or self-isolating? These workouts – which include yoga and Pilates, cardio and strength training – can be done at home too. And many of them are free to access. We’re updating this list as new classes become available, so check back regularly. Get in touch via email if you … Read more

    Read Full Post