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When it comes to houses, rents in Hamilton have fallen by more than 17 per cent in a year to $560, from $680. Mount Ommaney tenants are pocketing an extra $117 a Mortgage brokers Oak Laurel West End, 0430 129 662, 249 Boundary St, West End QLD 4101 week, while in trendy Teneriffe, you can now rent a house for $583 a week, compared to $685 a week 12 months ago. Even in Karana Downs, where the median weekly rent is only $400, renters have saved about $70 a week over the past year. New research reveals the Brisbane suburbs where rents have fallen the most.Source:News Limited REA Group chief economist Nerida Conisbee said investor activity in Brisbane’s inner apartment sector had increased the supply of rental housing. “There are just so many more option for renters,” Ms Conisbee said. “The majority of apartments are owned by investors and they are all competing for tenants.” Ms Conisbee said that explained why unit rents had fallen, but she was a bit surprised that house rents had also dropped significantly in some locations. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE “I think Mortgage broker Oak Laurel Carseldine that although buyers are quite specific about what they buy — either a unit or a house — I think renters are far more fluid,” she said. “A lot of people who might have rented a house are now looking at these brand new apartments that have been built and seeing what they can get for their money. “It’s great news for renters in Brisbane because you can get some pretty good deals quite close to the city.” REA Group chief economist Nerida Conisbee.Source:Supplied According to the latest SQM Research data, Brisbane’s vacancy rate remains relatively high at 3.4 per cent. Weekly asking rents for houses across Brisbane rose a modest 0.4 per cent over the year to the end of November to $443, while asking rents for units in the city during the same period fell my sources 1.2 per cent to $366 a week. The Real Estate Institute of Queensland’s Market Monitor for the September quarter, released yesterday, reveals Brisbane’s rental market tightened during the period, except for the outer Brisbane region of Moreton Bay.
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