How much rent you pay in every Queensland suburb revealed

Tenants in 1121 Queensland suburbs are paying up to $400 more a week. Find out how much rents have risen or fallen in your suburb. SEARCH THE INTERACTIVE

Tenants in a staggering 1121 Queensland suburbs are forking out up $400 a week more in rent compared to a year ago, with exclusive new data revealing the extent of the state’s rental crisis.

A suburb-by-suburb breakdown by PropTrack shows median rents jumped as much as 51 per cent in some suburbs in the past 12 months, led by the Moreton Bay suburb of Wamuran where tenants are now paying $650 a week for a house.

Tenants in Brookfield are paying $1025 a week for a house — 41 per cent more than they were 12 months ago, while house rents in Clear Island Waters on the Gold Coast have climbed $400 in a year.

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This four-bedroom house at 372 Gold Creek Road, Brookfield, is advertised for $1200 a week rent.

In the past three months, weekly house rents have surged the most in the glitter strip suburb of Surfers Paradise — rising by 26.1 per cent to $1325, closely followed by Jacobs Well (25 per cent), while leasing a house in Graceville is now 17 per cent more expensive.

This three-bedroom house at 20 Norseman Court, Surfers Paradise, is advertised for rent for $2700 a week.

Banyo in Brisbane’s north recorded the largest quarterly rise in the cost of leasing a unit, with the median unit rent surging 21 per cent to $440.

Brisbane is officially the toughest rental market in the country after logging the highest annual rise in weekly prices in Australia in September, according to PropTrack’s latest figures.

House rents increased by 16.7 per cent over the past 12 months, while unit rents rose by 7.5 per cent.

This three-bedroom unit at 121/29 Rochat Avenue, Banyo, is advertised for rent for $650 a week.

The median weekly rent for a house on Brisbane’s northside is now $550, but in suburbs like Hamilton, tenants are paying $300 more.

On the Gold Coast, the average rent for a house is $700, but it is double that in Clear Island Waters, and $1100 a week in Broadbeach Waters.

This four-bedroom house at 5 Key Biscayne, Clear Island Waters, is being advertised for rent for $1400 a week.

PropTrack director of economic research Cameron Kusher said the rapid rise in rents was being driven by strong demand and limited stock, and he expected the increases to continue — particularly in Brisbane and on the Gold Coast.

“As people return to Brisbane from other parts of the country, as well as from overseas, the cost of renting looks set to continue its upward trend,” Mr Kusher said.

Cameron Kusher, director economic research at PropTrack.

“I think we’ll still see reasonably strong migration from interstate as well, and they’re going to have to rent when they first get here. I think we’re going to see rents start to tighten in inner-city areas, particularly places like St Lucia and around the CBD.

“Ultimately, the way in which we slow down rental growth is to either get more renters into home ownership or more properties available for rent through investor purchases.”

But outside of Brisbane and the Gold Coast, Mr Kusher believes regional rents may start to ease.

This four-bedroom house at 14 Marina Pde, Jacobs Well, is advertised for rent for $1000 a week.

“Some of those people who moved up (from interstate) during the pandemic might want to move back, and some people who moved and have been renting might look to buy now it’s getting so expensive,” he said.

The latest SQM Research figures for September reveal Brisbane’s rental vacancy rate rose 2 per cent during the month, but is still extremely tight at just 0.7 per cent.

The median asking rent for a home in Brisbane rose 1.5 per cent last month to $564 a week — that’s 24 per cent higher than it was a year ago.

This five-bedroom house at 79 White Street, Graceville, is advertised for rent for $1500 a week.

SQM Research managing director Louis Christopher said some relief could be on the horizon, with Brisbane likely to see a seasonal rise in vacancies in November and December.

“It will be relatively minor, but there may be a little bit more rental supply,” Mr Christopher said.

The shift among landlords to the short-term rental market was also putting pressure on the long-term leasing market.

“I note airdna.co is showing more properties available for short-term than long-term rent in Brisbane right now,” Mr Christopher said.

SQM Research MD Louis Christopher.

“I feel landlords believe they have more control over their property compared to all the regulation in the long-term market.

“They’re also in a position where they can achieve more rent in the short-term market.”

The most expensive property for rent in Brisbane right now is a five-bedroom, eight-bathroom house in the affluent suburb of Hamilton that is being advertised with ‘short term rental available!’ in the listing.

This five-bedroom house at 9 Prospect Tce, Hamilton, is advertised for rent for $6500 a week.

The owner of the property at 9 Prospect Tce, Hamilton, is asking for an eyewatering $6500 a week.

On the Gold Coast, a four-bedroom beachfront house at 3537 Main Beach Parade in Main Beach can be leased for $7500 a week.

This four-bedroom beachfront home at 3537 Main Beach Parade, Main Beach, is advertised for rent for $7500 a week.

But Ray White Surfers Paradise boss Andrew Bell said rental price growth in central Gold Coast suburbs reached its peak earlier this year and could be expected to ease over coming months.

“Rents are still going up, but not at the same rate, and part of the reason is that people’s ability to pay those higher rents is really starting to get tested,” Mr Bell said.

Andrew Bell from Ray White Surfers Paradise. Picture: Jerad Williams.

In some good news for home hunters, average weekly rents did fall in 181 Queensland suburbs in the September quarter, with some sliding as much as 25 per cent.

House rents tumbled by 10 per cent or more in 13 suburbs, led by Fortitude Valley, where the median weekly rent dived by a whopping 25.2 per cent over the three month period to $550.

For units, regional Queensland recorded the biggest falls, with weekly rents in the Townsville suburb of Oonoonba declining 19 per cent, followed by the Gladstone suburb of Clinton.

Rents remained unchanged in 250 suburbs across the state.

Scroll up to see the rents for every Queensland suburb.