The Brisbane rental market shows signs of tightening with vacancy rates falling although overall results remain in favour of tenants providing a reasonable choice of properties for rent.
The monthly total home vacancy rate fell from 2.8 per cent to 2.6 per cent over August – but remains one of the highest rates of all the capitals.
The vacancy rate for Brisbane houses decreased from 2.6 per cent to 2.5 per cent over the month to be below only Perth with the highest capital city rate at 3.2 per cent. Vacancy rates for units also tightened over the month falling from 3.2 per cent to 3.1 per cent – behind Canberra 3.9 per cent, Perth 4 per cent and Darwin at 4.6 per cent.
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