BRISBANE'S RENTAL MARKET SLOWS

BRISBANE'S RENTAL MARKET SLOWS

RENTAL growth has slowed in Brisbane as investors focus on capital growth, according to research from Place Advisory.

Director Lachlan Walker says despite the cyclical change, he has seen increasing interest in two-bedroom units, over one and three bedrooms.

“The strongest performing suburb in Brisbane for two-bedroom apartment stock was Hamilton, situated in the city’s inner north,” he says.

“Other high performers were Wooloowin, Bulimba, Hawthorne and Fairfield, all of which recorded a six per cent increase in the median rent for two-bedroom apartments over the course of 2013.”

“Bulimba recorded the biggest growth, with an increase in median rent of 18 per cent, and other high performing suburbs in the three-bedroom rental market were Clayfield and South Brisbane, which recorded growth of 13 and seven per cent respectively.

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