Brisbane tenants face extra $2600 a year as median weekly rents reach $700

Key points

• Brisbane renters are facing higher costs, with median weekly rents reaching $700 in September, a 0.7% increase from the previous quarter. This marks a 7.7% annual rise, adding $2600 to yearly rental expenses.
• While houses saw a 2.9% quarterly growth, units increased by 2.3%, with units outperforming houses annually at 7.2% compared to 6.7%. The vacancy rate in Brisbane sits at 1.1%, up 0.2% from the previous quarter.
• Rochedale remains the most expensive suburb for rentals at $1020 per week, while Russell Island offers the most affordable options at $470 per week.