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Queensland’s rental crisis: Areas with tightest vacancy rates revealed
By Bianca Dabu
20 April 2021
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1 minute read
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Almost 80 per cent of Queensland’s rental market is experiencing extremely low vacancy rates, while demand continues to soar, a new report has revealed.
As much as 78.9 per cent of Queensland’s rental market has remained static or experienced an extreme tightening of available rentals over the first quarter of 2021, signalling a real rental crisis, figures from the Real Estate Institute of Queensland (REIQ) have revealed.
Looking across the state, 70.2 per cent of the market now has a vacancy rate of below 1.0 per cent, with Brisbane’s inner-city recording the biggest quarterly drop at 0.5 per cent.