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Demand Continues to Outweigh Supply

Monday, August 19, 2013

Rental vacancies in South-East Queensland are being squeezed as demand continues to outweigh supply. The Real Estate Institute of Queensland (REIQ) says vacancy rates remain under 3% in SEQ and in most cases are tightening even further. Brisbane's vacancy rate is 2.1%, but rates are also trending lower in all other major regions of the south-east, REIQ's CEO Anton Kardash says. Cairns, Bundaberg and Fraser Coast regions all recorded vacancy rates below 3%. Kardash says competition for rental properties is attracting more investors, with property investor activity in Queensland up 14.9%, according to the REIQ's interpretation of ABS finance data.

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