Brisbane rent rises stand apart from the crowd
Tenants of rental property in Burpengary could have witnessed some of the strongest increases in costs over the past year, as results of the CoreLogic RP Data Rental Review show.
While many parts of the country saw rental costs stagnate, figures show house rents increased 2.5 per cent in Brisbane, while units were up 1.3 per cent.
CoreLogic RP Data research analyst Cameron Kusher believes the next 12 months could be a testing time for the nation's rental market.
"Given the recent high number of dwelling approvals and commencements coupled with the high level of purchase activity from investors, we would anticipate that the rate of rental growth will remain soft throughout 2015," he commented.
Mr Kusher noted that this will largely depend on what happens elsewhere in the economy, especially as conditions still remain mixed.
Figures show Brisbane house rents have increased at an annual rate of 2.6 per cent over the past five years, while units have risen 2.2 per cent.
For help investing in rental property – or finding somewhere to let yourself – make sure you seek the advice of a real estate agent in Burpengary.
We're here to help with all your property needs, no matter how specific they might be.