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Brisbane and Queensland’s rental market easing: REIQ

Brisbane Rental Market EasingAccording to REIQ chairman Rob Honeycombe, new developments in Brisbane’s inner suburbs may have led to a slight oversupply of rental stock, while a decrease in interest from tenants is typical of the final quarter of the year.

Some Brisbane rental figures.

The vacancy rate in the Brisbane City local government area was at 3.2% at the end of December, up from September’s 2.3%, displaying “healthy levels of supply and demand”, according to the REIQ. The highest quarterly increase in the vacancy rate was recorded in inner Brisbane (suburbs within 5 kilometres of the CBD), which climbed 1.7 percentage points to 4.1%.

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