Strong showing from houses this quarter and in the month with units lagging behind. This could possibly be due to a large number of stock starting to come online in the inner CBD regions and suburbs such as West End and Newstead as I reported here. Some recent auction data reports from realestate.com.au have shown that recently there have been a number of brand new apartment going under the hammer.
Nothing too extraordinary to report about the rental yield for Brisbane, minor changes in housing and units. Alarmingly however, over the past 12 months there has been almost zero change to asking weekly rental yield.
Vacant rates have increased and this is actually in line with what is expected during the summer months as foreign students go home as reported by SQM Research here. However there has been a spike in the total number of property listings as shown above with the number starting to reach a new high.
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