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“All the data points it being a tenants’ market and with new supply coming in, I can’t see that changing for some time,” Dr Wilson said. “What that means is tenants ultimately have more choice, more options of where they want to live, and perhaps move into a bigger property.” “And landlords have to adjust to that accordingly.” Tenants renting three-bedroom houses in Kallangur, Redbank Plains, Calamvale, Morningside and Carina are in with the best odds of upgrading or reducing their weekly rent. Woodridge has the most vacancies for two-bedroom houses, despite already low $265 median rents. As well as topping the list of three-bedroom vacancies, Morningside also has a large number of two-bedroom sitting empty. Other high vacancy rate suburbs are Ashgrove, Spring Hill, Annerley. All high vacancy areas for four-bedroom houses are in developing suburbs where building is ongoing. Redbank Plains, Yarrabilba, North Lakes, Springfield Lakes and Griffin recorded the highest vacancy rates. If you’re renting a unit in Brisbane City, no matter the bedrooms, you probably have grounds to negotiate your rent. Not only is the CBD one of the most expensive places to rent, it is also the most vacant. Other one-bedroom inner city suburbs with the highest vacancy rates are: New Farm, Hamilton, Fortitude Valley and Spring Hill. Brisbane City and New Farm remain top of the bunch for vacant two-bedroom units.
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