Median house rents in Brisbane rose 2.5% to AU$410 per week (up AU$10) and median apartment rents went up 1.3% to AU$390 (up AU$5) in the December quarter, according to the latest CoreLogic RP Data rental report.
Haesley Cush, principal of Ray White New Farm rentals, says: “With so many new apartment buildings built in the inner city, it forced existing owners to enhance their properties and make them attractive to tenants as there was a lot of competition to choose from.
“January is the time we see the highest number of properties become available and they are met by an eager wave of tenants keen to secure a property before Australia Day. It’s when we get our highest prices and we use these results to move the market forward throughout the year.”
Top-performing districts in the Queensland capital were Redcliffe (up 5.7%) and Redland City (up 5.3%) for houses and apartments.