QLD rental market plateaus while sales market strengthens

Some interesting data has just been released by the Real Estate Institute of Queensland...

Rental markets have plateaued in Queensland while the sales market is showing strength, according to the Real Estate Institute of Queensland.

REIQ Acting CEO Antonia Mercorella said the stabilisation of the rental market coincided with a surge in sales across many parts of the State.

“Vacancy rates still remain tight in many parts of the State, however according to REIQ members the rental market is starting to stabilise, with vacancies creeping up in some areas.

“This is the result of strengthening first home buyer activity, which is reducing tenant demand, along with increased investor activity which is increasing the rental supply in some areas.” Read more

 

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