Brisbane’s rental market an unmitigated disaster


CoreLogic’s November housing chart pack shows that Queensland has become ‘ground zero’ of Australia’s rental crisis, with rents across Brisbane surging 13.5% in the year to October, and regional Queensland rents soaring by 12.1%:

Annual change in rents

Queensland leads nation’s rental growth.

According to JLL senior director of research, Leigh Warner, Queensland’s rental market is certain to worsen on the back of continuing strong interstate migration alongside a return of foreign migrants.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.