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Home Explore SEQ Rental Market Report

SEQ Rental Market Report

Published by nconnors, 2021-04-22 00:31:49

Description: SEQ Rental Market Report - as of April 2021


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2021 SEQ Rental Report SEQ Rental Report Prepared by Natasha Connors 0447 359 411 Nobody does it better! Yarrabilba

2021 Forecast We ended 2020 with tight vacancy rates and as a result of Australia already not having enough housing supply for it's existing 25.6 million population, Propertyology is predicting that the next several years will produce the largest increase in rents that Australia has ever seen. Property managers are seeing increase activity in the rental market with multiple applications and higher rent being offerred by tenants in order to secure properties as a result of the increasingly competitive conditions. Interstate migration to QLD has also created unimaginable activity in the market where southerners are seeing the great value that QLD offers, with both lifestyle and price point. All of these conditions ultimately results in rental return increases and Landlord securing premium quality tenants. We have seen first hand across our portfolio, increases of 15% in some cases.

Average Rental Prices Beenleigh Corridor - SQM Research 2 Bed Unit All Units 3 Bed House All Houses $294 per week $339 per week $378 per week $444 per week 12 month change 3 year change 2 bedroom units +1.4% 2 bedroom units +0.7% All units +4.6% All units +1.2% 3 bedroom houses +2.3% 3 bedroom houses +1.3% All houses +5.3% All houses +1.5% 7 year change 10 year change 2 bedroom units +1.7% 2 bedroom units +1.7% All units +0.8% All units +0.6% 3 bedroom houses +0.7% 3 bedroom houses +0.9% All houses +1.3% All houses +1.3%

Residential Vacancy Rates Beenleigh Corridor - SQM Research 0.7% - April 2021 Residential Vacancy Rates Brisbane - SQM Research 1.5% - April 2021 LJ Hooker Vacancy Rate - 0.25%

Case Studies 33 Seawest Street, Yarrabilba Sold: April 2021 Purchase Price: $380,000 Previous rental return: $375 per week Rented April 2021: $430 per week Increase of return: $55.00 per week $2860.00 per annum +14.66% increase of return on investment 14 & 13 Breccia Street, Yarrabilba Same block size Same house size Built by the same builder Exact features Rented by LJ Hooker $400 per week in 2021: Managed by LJ Hooker Rented by outside $370 per week Managed by outside agent agent in 2021: Increase of return on $1560 per annum investment by utilising / +8.1% LJ Hooker Yarrabilba

Meet Natasha Rental Specialist Natasha began her career in real estate in 2010. Throughout her career she has been recognised for her achievements in the industry and has worked in residential sales & property management; property management is undoubtedly her passion. During her career, Natasha has personally managed properties and has also led multiple Property Management teams. Notably, in 2015 Natasha won the PPM Group Property Manager of the Year award and has taken home many awards for her top performance in the LJ Hooker network. A born and bred local, she has lived in the Logan region her entire life. She has two young children who love nothing more than spending time at some of the regions best parks. Natasha is the 'face' of our property management team, so to speak. But she makes it clear that she would not be able to achieve what she does without our Property Managers, who are the backbone to the operation. Natasha Connors 0447 359 411

Meet Your Rental Support Team Treavell Hargreaves Natasha Connors Vanessa Hague Leasing Consultant Business Development Manager PM Coordinator Tiarn Greig Kerrie Lee Hannah Marsh Property Investment Manager Property Investment Manager Property Investment Manager Sharna Nixon-Smith Samantha Edgerton Darcie Weaver PM Accounts Support Property Investment Manager PM Accounts Administrator Simone Mclean Christie Smith Cody Howard Property Investment Manager Principal Routine Inspections Officer

Nobody does it better! Yarrabilba

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