Anybody interested in Statistical Research and is aware of this website: http://www.oesr.qld.gov.au/home.htm
The above is for Queensland, as for other states you might have to change qld with the state you are in
I was interested to see the “Inner Brisbane” figures. If you take a small sample March/June as an average at 3.85% vacancy rate and compare to the latest…September @ 4.2% that equates to a rise in Vacancy rates of 9% from previous quarters.
If that trend continues into the December quarter it will be 4.57% in December. I would only be concerned if/when it got to 6%.
Cheers
Bill
Bill O’Mara
Real Estate,Mortgages,Share Market Strategies. [email protected]
I quite like that OESR site. When I am researching stuff, I look up “location real estate median price” or different combinations into google.com google brings up everything, including sites like oesr.
There’s a site like this for the Illawarra, if anyone’s interested. It’s iris.org.au and it has huge, easily accessible reports and data on RE in the area.
it’s really interesting to see those statistical figures re. vacancy rates. It still goes up and down allthough there’s a tendency to go up.
Let’s see what impact the interest rate rise will have and what the next statistics will show.
Inner Brisbane has the second highest vacancy rate
due to oversupply of apartments/units lately I suppose. A reminder for city apartment investors?
But the demand for Student apartments in the CBD and near the Universities is still strong (very popular for overseas students)