‘Entering the red zone’: Brisbane rents at a record high

Key points

• Brisbane rents have reached a record high, with the median house rent at $700 and unit rent at $660 in the September quarter. Despite a three-month stall, rents are $40 and $20 higher than last year for houses and units, respectively.
• Cheaper areas like Logan and Moreton Bay also saw increases, while the vacancy rate remains at 0.7 per cent.
• Experts warn of an affordability ceiling and potential housing crisis for tenants.