The latest quarter reported 24 tight markets, up from 19 tight markets in the March quarter according to the recently published report from REIQ.
Brisbane LGA ’s rental market moved from the healthy range, with vacancies of 3.1 per cent in March, to the tight range, with 2.3 per cent in June 2018.
Many of the suburbs within the Greater Brisbane region are seeing vacancy rates below 2%.
This is another positive sign for the Brisbane property market. Low vacancies is a good indicator that supply is low. When supply is low and demand is high (population growth increasing) we can anticipate an increase in property values.
This is exactly what both Sydney and Melbourne have been through.
