BRISBANE RENTS HIT RECORD HIGHS, DOMAIN FIGURES Show

“But I think that with the pain of inflation and the cost of life something had to give and this has become very evident in the space of rents. People reach an economic roof.”

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He said that the activity of investors has increased in Queensland, driven by high yields and a strong growth of capital with the data that show that investors now make up 37.9 percent of home loans, a much higher figure than the average decade of the city.

“This is a great historical change. And I think that 2025 will be better than 2024 and 2023 for tenants. We are slowly seeing the balance of rents returning,” said Powell.

A little relief is already being demonstrated, with rents in the East and North Sa4 regions of Brisbane slightly down in the quarter, together with different SA3 pockets that record a price plateau. But Powell warned that the pressure would remain in the key suburbs.

Among the hot points revealed in the domain ratio there was Sandgate, which collected the largest annual increase in prices for units, with weekly rentals that swells 26.4 percent at a median $ 443, followed by Mount Gravatt, growing by 20.4 per cent at $ 620.

Herston followed up close, up to 20 % to $ 600. For the houses, Teneriffe passed Ascot to become the most expensive suburb of Brisbane, with median weekly rentals that increase by 15.8 percent to $ 1100. Ascot dropped by 2.4 percent to $ 1000.

At the SA3 level, the internal rentals of Brisbane House increased by 6.7 percent in the quarter to $ 800 per week, while the units in the rocklea pocket -Acacia Ridge increased by 5.5 percent to $ 580.

It is in these exterior suburbs that a new rental model is booming: “Case Roompi”.

Adam Nobel, by Hugo Alexander Property Group, said that the demand for rotation-o houses fully furnished high-quality rooms with environmental and public services included-era exploded through Acacia Ridge, guiding record rents.

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“We are now reaching record prices – up to $ 550 a week for a room,” said Nobel.

“And we are renting to doctors and nurses, especially against the Qaii hospital, and to workers in Fly-in-Fly-out.

“It is absolutely booming there.”

He said that the lack of 15,000 and 30,000 properties for rent throughout the city, the ongoing migration and the madness of the Olympic -guide infrastructures meant that the demand had been released from traditional blue suburbs.

“The tenants are saying that they cannot live in Bardon and Paddington, so they are going later in places like Rocklea and Acacia Ridge,” said Nobel.

Nobel said that the co-virgin tendency was another distinctive sign of the crew for rent of Brisbane.

“We have never seen so many people apply for lease contracts together,” he said.

In the blue internal suburbs such as the new farm, the demand for premium rents is slowed down. Kelsey Smith, investments and leasing manager of Living here Cush Partners, said that the days of the queues along the road and the offer wars for rent were over.

“The increase in the cost of living means that people are becoming more conservative,” he said.

“Instead of a rental of three bedrooms, they are opting for two bedrooms … and for properties greater than $ 700 per week, it is becoming harder.

“We had a house with five bedrooms in Teneriffe that was rented for $ 2200 per week last year. We collected it recently and remained online for 100 days. In the end we rented it for $ 1700 per week.”

Smith said that the biggest challenge was the management of the owner’s expectations, in particular among those who continue to chase the peak rentals of 2021.

While the Premium market has softened, the lower end remains strongly competitive.

“The lower end of the market is reduced,” said Michael Groth, a real estate investment consultant of Graceville.

“This is essentially the apartment of the apartment with two bedrooms below $ 600 per week. There is a huge amount of people looking for rental in that band.”