Real estate agents across Brisbane are reporting growing interest from investors looking to tap into the strong demand for rental properties.
December's Real Estate Institute of Queensland (REIQ)'s Residential Rental Survey, carried across REIQ-accredited agencies, showed more than one third of these agencies felt there had been an increase in investor enquirers.
"Across the greater Brisbane area, around 40 per cent of REIQ agents surveyed reported an increase in investor activity, with increased investor activity most notable in the Moreton Bay area," explained chairman Rob Honeycombe.
He added tenant demand is also strong meaning that vacancy rates are at low levels as the market remains buoyant, although Christmas does traditionally impact on the rental market.
Inner Brisbane saw the highest increase of 1.7 per cent as people opted to live within easy travelling distance of the central business district.
Last year, Urbis revealed the number of planned buildings in the Brisbane area given approval totalled 744 - up from the 151 in the previous 12 months.
Posted by Steve Douglas