Great Brisbane Housing Market Remains Heated

Brisbane’s property market remains strong, with low vacancy rates and rising rents indicating a competitive rental market. Houses in established suburbs with lifestyle appeal continue to be in high demand, while units, especially in boutique complexes, are also performing well due to their higher yields.

Tenancy Rates

• Houses: The vacancy rate for houses in Brisbane is currently at 0.9%¹.
• Units: The vacancy rate for units is slightly higher at 1.2%².

Expected Yields

• Houses: The gross rental yield for houses is around 3.6%³.
• Units: Units are offering a higher gross rental yield of approximately 5.1%²³.

Market Trends

• Houses: House rents have increased by 6.8% over the past year². The median rent for houses is about $680 per week⁴.
• Units: Unit rents have seen a more significant rise, increasing by 12.6% over the same period². The median rent for units is around $580 per week⁴.

Top Suburbs for Houses

1. Gumdale: Known for its large blocks and lifestyle appeal, Gumdale has seen significant price growth¹.
2. Ellen Grove: This suburb offers more affordable housing options and has experienced strong growth¹.
3. New Farm: A prestigious suburb with luxury homes and close proximity to the CBD².

Top Suburbs for Units

1. Tennyson: Home to the Queensland Tennis Centre, Tennyson has shown impressive growth in unit prices¹.
2. Grange: This suburb offers a mix of affordability and growth potential¹.
3. Bracken Ridge: Known for its family-friendly environment and good rental yields¹.

These suburbs are popular due to their strong growth rates, excellent amenities, and proximity to employment hubs. If you’re considering investing or moving, these areas might be worth looking into!