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.
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.
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