But landlords also have reason to celebrate with our strong yields meaning the property market is good for investors too. We love a win win!
The median asking rent for Brisbane units is $390 per week while for houses its $450.
Only Perth and Adelaide offer cheaper rent than Brissie, reports Domain.
Across Queensland the most expensive place to rent is the Gold Coast where the median weekly rent is $500 for houses and $430 for units.
The advice from Domain Group data scientist Nicola Powell is to enjoy the cheap rents while they last as growing interstate migration could start to push rents skywards.
“We know that migration is one of the biggest drivers for demand in the rental market, so that turnaround in population growth will support rental demand and place upwards pressure on prices,” she said.
In the meantime, investors are still finding the Brisbane market highly attractive compared to Sydney and Melbourne where drastically lower rental yields mean landlords are dipping far deeper into their own pockets to cover the cost of their investment properties.
Looking for a great yield or a cheap rent? Talk to us about landlording or check our listings for rent.