Brisbane’s rental vacancy rate

According to recently released research Brisbane’s rental vacancy rate rose to 3.8 per cent in the December quarter as landlords were forced to reconsider rental prices.

The Real Estate Institute of Queensland Rental Survey for December 2014 has revealed that vacancy rates increased in half of Queensland’s major regions.

The survey noted that investors may be taking the opportunity with improved selling conditions to release investment properties into the market.

Real Estate Institute of Queensland CEO Antonia Mercorella said a number of properties were entering the market but were not necessarily going to investors but owner-occupiers.

“Many REIQ agents reported softer tenant demand in December, with many leases expiring as students finish up their studies and others also take up employment opportunities in new locations,” she said.

However not all of Queensland was in the same boat as Moreton Bay, Redland City and Gladstone recorded a drop in vacancy levels moving them below 1.5 per cent.

Tessa Advisory Managing Director Brendan Tutt told the Australian Financial Review that he had a 0 per cent vacancy rate across his 340 Brisbane apartments but said it was a result of landlords being realistic with rent.

“I would say if landlords dropped rents by about 3 per cent, it would make a big difference. If they made that adjustment they would get the tenant and that is better than leaving [a property] vacant and possibly losing even more money,” Mr Tutt said.

Market analyst Urbis estimates there currently at least 102 active projects in inner-city Brisbane totalling about 12,562 apartments at various stages of planning & development.

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Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. http://goanimate.com/movie/0M4bvcZzgIbI?utm_source=linkshare&uid=0u6RGtWsmlVc Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085. http://www.ljgrealestate.com.au http://www.yellowpages.com.au/qld/aspley/lj-gilland-real-estate-pty-ltd-14091356-listing.html http://au.linkedin.com/in/lindajanedebello http://twitter.com/GillandDebello http://www.facebook.com/pages/ljgrealestate
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