Brisbane a ‘landlord’s market’ as rents hit record high after fastest rise in 15 years

Rent for a typical Brisbane unit now costs just a few mangoes shy of $600 a week after climbing $30 in just three months to hit a record high.

Experts say the price hikes reveal more than just a seasonal uptick, but the extent of Brisbane’s rental crisis. “It has remained stubbornly low for two years and it has been below one per cent since 2022. That’s alarming considering a balanced rental market is when the vacancy rate sits between 2 and 3 per cent,” she said.

The Gold Coast is the most expensive place to rent a house or unit statewide, with Broadbeach Waters topping the list at $1350.

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