Friday, February 02 2018
According to the REIQ apartment supply in inner Brisbane exceeds demand, pushing the vacancy rate to 4%.
Inner Brisbane (0-5 kilometre ring) vacancies rose from 3.7% in September last year to 4% in the December quarter, however the middle ring tightened from 3.4% to 2.1%.
The REI advised the vacancy rate of inner Brisbane had only reached 4% or higher twice before – December 2013 when it reached 4.1% and March 2017 when it peaked at 4.4%, the highest level since records began in 2008.
I think REIQ's numbers are a bit conservative. According to SQM Research these are vacancies for following postcodes:
4000 Brisbane CBD 9.2%