Supply dries up
It's been a bit of a rocky ride for landlords in Brisbane trying to find tenants in recent years, following a record stretch of high-rise apartment over-building.
That's all but ended now, though.
New dwelling starts fell to the lowest level since 2012 in the June quarter at just over 7,000.
Attached dwelling starts were especially anaemic at only just over 2,000.
Attached commencements were running at more than thrice that level back in 2016.
We can thus expect the rental market to continue tightening over the next few years, driving up rents and in turn housing prices as interstate migration continues to pull migrants northwards from Sydney.
I was quoted accordingly in this Newscorp/Courier Mail piece here.
