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Jun 14 2017

Average Property Rent in Brisbane and Queensland


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Average Weekly Rent in Brisbane and Queensland

A guide to the changes in Unfurnished Property Rentals in the Brisbane and selected Queensland areas is shown below:

Changes in Median Weekly Rents for 3 Bedroom Houses in Queensland 2014 to 2017

1.56% per year average rise for Brisbane
1.87% per year average rise for Cairns
3.01% per year average rise for Gold Coast
1.10% per year average rise for Ipswich
1.98% per year average rise for Logan
3.23% per year average rise for Sunshine Coast
0.54% per year average drop for Toowoomba
5.00% per year average drop for Townsville

Median Weekly Rents for 3 Bedroom Houses in Queensland

 Area Mar 2014 Mar 2015 Mar 2016 Mar 2017
Brisbane $420 $430 $435 $440
Cairns $350 $360 $360 $370
Gold Coast $430 $440 $460 $470
Ipswich $300 $300 $310 $310
Logan $330 $347 $340 $350
Sunshine Coast $400 $420 $430 $440
Toowoomba $310 $315 $304 $305
Townsville $350 $330 $310 $300

Brisbane Median Weekly Rents March 2017

$ 350 Median Weekly Rents for 1 Bedroom Flats/Units Up by $1 from March 2016
$ 420 Median Weekly Rents for 2 Bedroom Flats/Units Up by $10 from March 2016
$ 520 Median Weekly Rents for 3 Bedroom Flats/Units Up by $10 from March 2016
$ 390 Median Weekly Rents for 2 Bedroom Houses No Change from March 2016
$ 440 Median Weekly Rents for 3 Bedroom Houses Up by $5 from March 2016
$ 540 Median Weekly Rents for 4 Bedroom Houses No Change from March 2016
$ 390 Median Weekly Rents for 2 Bedroom Townhouses Down by $5 from March 2016
$ 420 Median Weekly Rents for 3 Bedroom Townhouses Down by $5 from March 2016


The Change in Median Weekly Rents for 3 Bedroom Houses in Queensland 2014 to 2017

 Area Mar 2014 Mar 2017 Change Ave Annual
% change 
Brisbane $420 $440 $20 1.56%
Cairns $350 $370 $20 1.87%
Gold Coast $430 $470 $40 3.01%
Ipswich $300 $310 $10 1.10%
Logan $330 $350 $20 1.98%
Sunshine Coast $400 $440 $40 3.23%
Toowoomba $310 $305 -$5 -0.54%
Townsville $350 $300 -$50 -5.00%

 

Changes in Median Rents for 3 Bedroom Houses between 2009 and 2016

 Area Mar 2009 Mar 2016 Change Ave Annual
% Change
Brisbane $370 $435 $65 2.35%
Cairns $310 $360 $50 2.15%
Gold Coast $390 $460 $70 2.40%
Ipswich $270 $310 $40 2.00%
Logan $310 $340 $30 1.33%
Sunshine Coast $360 $430 $70 2.58%
Toowoomba $250 $304 $54 2.82%
Townsville $340 $310 ($30) -1.30%

This makes interesting reading when compared to the 3.58% Average annual Male Full Time wage rises between 2010 and 2015, as detailed at: Median Property Price Changes 2010 to 2015

Median Weekly Rents for 3 Bedroom Houses in Queensland 2009 to 2011

Area Mar 2009 Mar 2010 Mar 2011
Brisbane $370 $380 $390
Cairns $310 $300 $310
Gold Coast $390 $395 $400
Ipswich $270 $275 $285
Logan $310 $320 $320
Sunshine Coast $360 $360 $370
Toowoomba $250 $265 $270
Townsville $340 $330 $340

 

2011 Median Rent Details:

To provide a better idea of how the Rental market is, using the median rents figures for each area, the following numbers of NEW 3 Bedroom HOUSE rental contracts were recorded in that last quarter:

127 Houses at $500pw or over
1,221 Houses between $400 and $495pw
2,027 Houses between $300 and $395pw

The following numbers of NEW 3 Bedroom Flats/Unit contracts were recorded in that last quarter:

511 Units at $500pw or over
360 Units between $400 and $480pw
275 Units between $330 and $395pw

The most expensive suburbs for 3 bedroom houses were:

Brisbane City, Spring Hill, Highgate Hill, South Brisbane and West End, with all of them reporting an average of $720 per week. A total of 159 of these houses were rented in those areas in the quarter ended March 2011.

Details for more specific areas can be located at: www.rta.qld.gov.au

Median Weekly Rents are recorded for each of these Categories

1 Bedroom Flats/Units
2 Bedroom Flats/Units
3 Bedroom Flats/Units

2 Bedroom Houses
3 Bedroom Houses
4 Bedroom Houses

2 Bedroom Townhouses
3 Bedroom Townhouses



3 - 1,630

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