Brisbane Asking Rents Sept 2016

Asking rents have slipped back in Brisbane as vacancy rates have continued to rise this year. At 2.9%, the rental market is favouring tenants and given the ongoing new apartment surge, rents in Brisbane could continue to fall from here, particularly in the inner city. Looking forward, vacancies are likely to rise in Melbourne, Brisbane and Sydney over 2017 as more new high-rise apartment developments come onto the market. However, we maintain that the oversupply issue appears to be constrained to concentrated areas such as the inner-city regions. We are not as confident we will see a contagion affect where the whole capital city market is affected.

Source SQM Research