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Friday, February 02 2018
Empty apartments a concern for anxious investors

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%
4101  South Bank, West End    8%
4006  The Valley, Newstead     6.3%

Posted by: Greg Carroll AT 05:42 pm   |  Permalink   |  Email