“You don’t buy a market, you buy a DEAL.” — Sam Zell
Sam made a billion through deals in real estate, so he is qualified to make that statement.
The rental market in Brisbane is strong, to illustrate just how much it’s grown in the past few years, I have collated some real world examples rather than quote a median figure. This data will shift slightly but is directionally correct, we are in the midst of a rental boom.
28 Union Street Mitchelton, QLD, 4053
Jul 2021 – $540 per week
Jan 2023 – $680 per week
26% increase
12 Mountridge Street Everton Park, QLD, 4053
Jan 2021 – $490 per week
Jan 2023 – $580 per week
18% increase
8 Alwyn Street Stafford Heights, QLD, 4053
Dec 2020 – $580 per week
Jan 2023 – $675 per week
16% increase
56 Sydney Street Kedron, QLD, 4031
1 Jan 2023 – $1100 per week
10 Mar 2021 – $780 per week
41% increase
14 Cox Close Tingalpa, QLD, 4173
Nov 2020 – $510 per week
Jan 2023 – $620 per week
22% increase
11 Blythe Street Kelvin Grove, QLD, 4059
Jan 2021 – $630 per week
Jan 2023 – $780 per week
24% increase
3 Frankit Street Wavell Heights, QLD, 4012
May 2019 – $470 per week
Dec 2022 – $720 per week
53% increase
3 First Street Virginia, QLD, 4014
Mar 2022 – $800 per week
Dec 2022 – $900 per week
13% increase
9 Lovell Court Sinnamon Park, QLD, 4073
Apr 2021 – $460 Per Week
Dec 2022 – $600 Per Week
30% increase
Most of the growth has happened in the past year.
As we don’t have an obvious supply solution in sight and the population growth trend looks sticky for South East QLD, it’s not clear when the pain will end for renters.
