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AuthorTopic: Average Property Rent in Brisbane and Queensland
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Posts: 169
Post Average Property Rent in Brisbane and Queensland
on: July 30, 2011, 20:26

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

Median Weekly Rents for 3 Bedroom Houses

AreaMar 2009Mar 2010Mar 2011No in Qtr
Brisbane$370$380$390 3,386
Cairns$310$300$310 551
Gold Coast$390$395$400 1,054
Ipswich$270$275$285 797
Logan$310$320$320 664
Sunshine Coast$360$360$370 1,023
Toowoomba$250$265$270 536
Townsville$340$330$340 743

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.

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

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

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