Brisbane's outer city living trend gathers momentum
The latest data from the Real Estate Institute of Queensland (REIQ) has uncovered a sharp increase in the number of tenants securing accommodation in suburbs 5 - 20 km from the CBD, Brisbane's middle ring.
Vacancy rates have tightened accordingly within this latest December reporting period from 3.4 per cent to 2.1 per cent.
In stark contrast, Brisbane's inner city continued to exceed demand, increasing vacancy rates from 3.7 per cent to 4 per cent, a rate only seen twice before in recent times (December 2013 & March 2017).
REIQ chief executive Antonia Mercorella said the middle ring market had become popular because it was more affordable and allowed access to good infrastructure and public transport. Source: realestate.com.au
Logan has been a favourite among tenants during the December quarter, with estates such as Tallagandra Heights
selling out and The Highlands
with limited home and land packages on the market, estimated to sell out by the second quarter of 2018.