Growth for one-bedroom units in Brisbane
Brisbane has seen Queensland’s biggest annual rental growth in one-bedroom units, with an average annual growth of 7.9 per cent, according to PRDnationwide research.
PRDnationwide research analyst, Matt Ballam, said the one-bedroom unit market has performed strongest in the Brisbane LGA, where eight of the top 10 performing suburbs were located within the Brisbane LGA, with all of them being considered inner city suburbs.
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"Surprisingly, the Gold Coast postcode 4216 (containing Biggera Waters, Coombabah, Hollywell, Paradise Point and Runaway Bay) made the top 10 list," he said.
However, when it came to two-bedroom units, the top five performing suburbs all came from the North Queensland region.
"This can be largely attributed to the resource sector having such a high influence on the area, with the mining market being the main employment driver,” Mr Ballam said.
“With such a high number of fly-in fly-out workers, and an undersupplied rental market, rents are bound to increase based purely on a supply and demand basis," he said.
Mr Ballam said the three-bedroom unit market performed fairly evenly across the state, with the top performer in average annual rental price growth (11 per cent) coming from the Rockhampton postcode 4701.
