This represents annual growth of 6.2 per cent, which is slightly higher than the national growth rate of 5.2 per cent.
Brisbane unit rents outpaced houses, growing by 6.6 per cent, compared to 6.2 per cent respectively.
The figures, from the latest Cotality Quarterly Rent Review, highlight the continuing tight rental market in Brisbane, and across much of Australia.
Growth is likely to continue as vacancy rates remain “critically low” and even below 1 per cent in many suburbs, reports Property Update.
Domain data published on Property Update forecasts rental growth of 4 per cent for Brisbane houses and 5 per cent for units in 2026.
Longer term Property Update says Brissie rents will “surge” by another 24 per cent between 2025 and 2030.
For renters this can be tough news and it is prompting some to consider their buying options, including the Australian Government 5% Deposit Scheme.
For investors, these figures can give confidence of solid rental returns for the right properties.
Check out the median weekly rents across Australia’s capital cities reported by Cotality:
- Sydney $817
- Melbourne $624
- Brisbane $708
- Adelaide $635
- Perth $738
- Hobart $601
- Darwin $688
- Canberra $683
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