Guest The Pom Queen Posted September 23, 2018 Share Posted September 23, 2018 BRISBANE is fast becoming a landlord’s market as rentals are snapped up by southerners fleeing Sydney and Melbourne for a taste of the sunshine state. New figures from property valuation firm SQM Research reveal rental vacancies in the Queensland capital fell for a sixth straight month in August to 2.8 per cent — down from 3.4 per cent a year ago. Around 9500 residential rentals are sitting empty in the city, compared with more than 19,000 in Sydney, as rising demand eats up surplus stock. But in good news for tenants, rents in Brisbane are holding firm — for now. The asking rent for a three-bedroom house in the city slipped just 0.4 per cent over the past month to $450 a week, while unit rents rose slightly to $371 a week. Quote Link to comment Share on other sites More sharing options...
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