Noosa News
Queensland renters paying above asking price to secure housing in competitive market
Families looking for rental properties in Greater Brisbane are facing intense competition in the tightest market in 10 years, with prospective tenants offering above the asking price just to secure a place.
Key points:
- Rental markets in most of Queensland, including regional areas, are extremely competitive
- The greatest demand is for standalone houses, rather than units
- It is not uncommon for 20 applicants to apply for a single property
Real Estate Institute of Queensland (REIQ) data shows Greater Brisbane’s vacancy rate was sitting at 1.4 per cent in September 2020, making it difficult for families to find adequate rental accommodation.
But it is believed the rental market has only gotten tighter since then and the vacancy rate has dropped…
-
Noosa News15 hours agoConsolidated Pastoral Company buys Beetaloo aggregation in historic deal worth more than $300m
-
General23 hours agoWotjobaluk Nations Festival marks landmark native title recognition
-
Business18 hours agoWhy are ASX 200 tech stocks like Xero shares taking a beating on Monday?
-
Noosa News20 hours agoEight New Year’s Eve Events in Brisbane 2026