BRISBANE APARTMENT VACANCIES REMAIN LOW DESPITE INCREASED SUPPLY
20 March 2017,
VACANCY rates for new Inner Brisbane apartments remained tight at 2.3 per cent over the December quarter 2016, says new research released today by property consultants, Urbis.
Choice, location and competition is key
Increased choice, competitive rents and desirable locations are driving renters' movements
Average rental yields falling as competition increases
While vacancy has remained tight, the competitive nature of the Inner Brisbane apartment market has driven softening rents over the December quarter, resulting in a decrease in average rental yields.
Inner Brisbane apartment rental market beginning to self-regulate
There are indications the Inner Brisbane apartment rental market has begun to self-regulate.