2024 Rental Market Insight: Insider Advice for Brisbane Real Estate Investors

As 2024 unfolds, renters are actively seeking new homes, while investors are strategizing on property investment. Place Corporate Property Management Team Leader, Matthew Gleaves, shares his insights into the rental market for the year ahead. Check out a summary of his predictions and advice for investors below.

Rental Demand and Brisbane Property Market Trends

South-east Queensland maintains a high demand for rental properties, with vacancy rates consistently below one percent. This competitive market, coupled with limited new properties entering the market, indicates a sustained demand for rentals throughout 2024.

Economic Impact on Brisbane Rent

Economic pressures have influenced rental preferences, with a significant demand observed for properties priced below $800 per week. Affordable residences are particularly sought after, making them lucrative investments for buyers. Properties within the $800 to $1,200 per week range also experience demand, while those exceeding $1,200 per week face longer days on the market.

Key Features Driving Interest in Brisbane Real Estate

Properties located in school catchment areas, especially those appealing to families, are performing exceptionally well in the Brisbane property market. Investors should prioritise properties within sought-after school catchments and proximity to private schools. Additionally, apartments near public transport options or with shared facilities yield the best returns, emphasising the importance of location and lifestyle in investment decisions.

Recommendations for Property Investment in Brisbane

Investors are advised to secure Landlord Insurance to mitigate potential risks and financial stress in the Brisbane real estate market. Additionally, setting up a tax depreciation schedule can optimise yield by maximising depreciation deductions over time. This schedule accounts for the ageing and depreciation of the building, providing a comprehensive breakdown of claimable deductions.

For more specific advice tailored to your needs and for the most recent updates on Brisbane's real estate trends, get in touch with our experts today.

In conclusion, Brisbane's rental market in 2024 offers opportunities for real estate investors, driven by sustained rental demand and evolving preferences influenced by economic factors. Understanding market trends and investing wisely can lead to successful outcomes in this dynamic real estate landscape.