Comparative median rents for the June quarter from RTA. These are derived from new bonds lodged during the quarter so wont represent the entire rental stock.
Small rental increases continue in Cairns but have been barely discernible in some cases with the 2br unit median at $310 pw the same as March quarter 2018 despite reports of still tighter vacancy rates. I have generally used 3br houses as the largest overlapping sector between the cities but it may be worth looking further at the 4br category which has been gaining share.
Higher rents in Townsville were sustained as the effects of the flood wash through with the rental premium falling further to $70 pw.
Total rental bonds held in Cairns at June 30 continue to decline, down another 86 or 0.39% since December 31 2018. previous posts on this: