The cost of renting property in Brisbane has increased over the past few years, suggesting now could be the right time to think about buying Hawthorne real estate of your own.
House rents have increased 1.3 per cent year-on-year, the RP Data September 2014 Quarter Rental Review revealed, and have risen 2.1 per cent over the past five years.
The situation hasn't been much better for unit tenants, as costs have increased by 1.3 per cent a year and 2.2 per cent since 2009.
Tim Lawless, national research director at RP Data, said Brisbane is the only capital city where rents for detached properties remained unchanged over the September quarter.
He explained how anyone hoping to invest in rental properties at the moment should expect to see capital gains outstrip the change in weekly rents.
"The softer rental conditions are likely the result of the surge in investor related activity which is seeing more rental supply hit the market," Mr Lawless added.
Whether you're looking to buy a property to live in or rent out, having an experienced agent from Ray White Bulimba on your side can help you narrow down your options and weigh up the local market.
In the quest of a safe sale, many homeowners make the mistake of stripping away decor and design to leave what was once a lived-in home feeling like four cold, empty façades. A prospective property buyer needs to be able to visualise themselves in a home and find their own … Read more
The creative vision of a good designer or builder can be invaluable when you want to make big changes to your kitchen. If you’re faced with an uninspiring layout, you might be surprised at how radically different it could look with a little imagination. Check out these before and after … Read more