Business Daily Media

Business Marketing

.

How much is the rent in Brisbane?

  • Written by NewsServices.com

If you’re looking at renting an apartment or house in Brisbane, one of the first questions you probably have is how much it is going to cost. Rental prices are always changing, depending on supply and demand, with areas experiencing high vacancy rates tending to see cheaper available properties. 

So how much can you expect to pay for a rental in the Queensland capital? Read on to find out. 

For a broad overview of current rent Brisbane prices, head to reliable sites, like Rentola to browse the available properties. Select the number of bedrooms you need and the area you’d like to live in and you’ll be able to determine a rough budget. 

Current Brisbane rental prices

At the time of writing, the average house in Brisbane was renting for $620 a week, although you can get something slightly cheaper (around $550) if you only need three bedrooms. This is up by around 15% compared to 12 months ago. For apartments, you’ll be looking at around $450 for two bedrooms, which is also up around 15% compared to last year. 

When looking at these figures, it’s important to take into account that they are averages and reflect properties prices across the entire city. So you will be able to find more affordable rental properties, as well as those that go for a lot more. 

Inner-city suburbs like Teneriffe tend to fetch higher prices due to their popularity with office workers while rentals around the University of Queensland are also a bit higher than average. If you don’t mind living less central, you can find cheaper rentals in Logan, Caboolture and Bellbird Park. 

Factors that determine rental prices

Aside from vacancy rates, there are a lot of other variables that dictate rental prices, with location being one of the most important. As touched on above, suburbs close to the CBD are in high demand (resulting in more expensive rentals), as are those near tertiary institutions due to student housing needs. If you want to live in one of Brisbane’s more exclusive suburbs, such as New Farm, Hamilton or Bulimba, you’ll also pay a lot more for the privilege. 

The features of a property also influence its rental price, with the number of bedrooms being one of the most significant. Spacious living areas, high-quality fixtures and finishes, and recent renovations can also add to the price tag, as can off-street parking and access to outdoor spaces. If the property has views, you will pay for the outlook via a higher weekly rental than a similar property without views. 

Amenities such as laundries, swimming pools and gyms can also boost rental prices, whether they are available privately or communally as part of an apartment complex. The quality of appliances and any included furnishings may also influence the rental asking price. 

Rental prices in Brisbane are also affected by seasonality, with summer traditionally being the “hottest” market. Demand generally decreases at the start of winter before increasing again as spring makes its arrival. 

How much should you be paying for rent in Brisbane?

How much an individual should be paying for rent depends largely on wages, with it recommended that you’re not paying more than 30% of your gross income on housing. So if you’re earning $1500 a week, then you should look for a rental that is $450 or less. 

When figuring out your rental budget, also take into account additional expenses, such as utilities (electricity and water), internet plans and the one-off security deposit (bond) you will be required to pay. You should also factor in the costs associated with moving, particularly if you are hiring removalists

Property

Brisbane Apartment and Unit Investment Still Lackluster

In the midst of the Brisbane boom, where houses and townhouses are snapped up minutes after hitting the market, at record sale prices, apartments and unit sale remain sluggish. Even in t...

Business Daily Media - avatar Business Daily Media

Perth Shines Brightly as Property Hotspot Amid Western Australia's Economic Boom

Perth's property market is riding an unprecedented wave, fueled by robust economic growth, surging population numbers, and an exceptionally tight rental market across Western Australia. As...

Business Daily Media - avatar Business Daily Media

Sydney Rain Bombs Could Be On The Increase

Motorway closures, forced evacuations, and flooding – Sydney has seen it all, including the recent weather event that has been dubbed the Taylor Swift Rain Bomb. Don't worry, nobody is bla...

Joe Rantino - avatar Joe Rantino

The Rising $10,000 Problem for Queensland Homeowners

When it comes to termites, sharing a home with thousands of invasive creepy crawlies isn’t a Queensland homeowner’s only worry. A recent report released by the University of Technology Syd...

Keith Jacobs - avatar Keith Jacobs

Trading futures as the investment into the safe future

Have you already started planning what you may do to save enough money for your retirement? Maybe you have already decided how to invest your Ki...

Business Training

Dr Warren Harmer: Pugs: What they can teach us about sales

I have 2 of the cutest housemates imaginable: pugs. Ernie is a 2 year old fawn with a slightly anxious but very sweet personality. Frank is a 6 mont...

Business Training

Judging Pay Properly: Top Software for Construction Estimates

Did you know that there are 1.55 new housing units planned each year in the United States? That is a ton of building projects that require constru...

Business Training

What To Consider When Choosing A Commercial Office Space

Choosing an office space for your business takes time and should be conducted carefully. A rushed decision can have long-term implications, especial...

Property

How to Get Your Property Ready to Sell

When you are selling your house, preparing it for viewings is very important but can equally be very stressful. This is something that is not only g...

Property

9 Ways To Get The Most Out Of Your Staff

Whatever the sector, research continually proves there’s a direct link between staff productivity and company profitability. There’s no denying that...

Business Training