June quarter rental data

June quarter rental data from the RTA based on rental bonds lodged for the quarter was released on Friday. I have updated the comparative graphs of the two largest Cairns cohorts, 2br units and 3br houses, at Rental Data. Further insights into this excellent data will be added at that link over the coming millennium.

Cairns renters are now paying a premium of $60 per week over Townsvillians for a 3br house. Mackay continues to search for a bottom.

Rental1

Despite recent reports of lower vacancy rates and limited supply for Cairns in the recent months that isn’t yet showing up in further increases in median rents.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s