Rental Bond Volatility
RTA rental bond data for the December quarter continues recent trends in median rents:
The number of rental bonds held in Cairns Regional Council at December 31 declined by 338 (-1.5%) which is the largest quarterly decline for the series. The decline was led by the beaches with postcode 4879 down 111 (-3.6%). This is a time of year when there can be seasonal domestic migration movements.
The volatility since 2019 continues following the previous declining trend from 2016 which was exceptional to Cairns. There can be some occasional quirks in the RTA spreadsheets but I would otherwise expect this data to be reliable. If there is a number that looks seasonally odd it is probably the low back in Q3 2019.
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