Sell with Confidence
Read More
News

Renters offering more than 20% premium to secure homes

By George Hadgelias

Finding a rental property continues to be difficult across the country, even with a lift in the number of available homes in recent months.

New data shows renters are responding by offering to pay above asking prices to secure a home.

By comparing advertised rents and those reported in new rental bonds, we can estimate the extent of price bidding required to secure rental properties.
To understand what is driving this response from renters, we will explore the reasons for the tightness of the market and look into the characteristics of areas where renters have paid the most above advertised prices.
The national rental vacancy rate – which measures the proportion of rental properties currently available for rent – reached an all-time low of 1.31% in March 2023.

Click here to read more

Up to Date

Latest News

  • BRISBANE FESTIVAL 2024

    Brisbane Festival is set to return from Friday, August 30 to Saturday, September 21, with a jam-packed program of exciting events and experiences! click here for more information

    Read Full Post