Rental Market Under Pressure in Brisbane, Australia After Lockdown-Driven Migration

Rental Market Under Pressure in Brisbane, Australia After Lockdown-Driven Migration
People work on new housing at North Lakes in Brisbane, Australia, on June 10, 2016. Glenn Hunt/Getty Images
Daniel Y. Teng
Updated:

Demand for rental properties remains sky high in the capital city of Queensland, Australia, following months of interstate migration from some of the most heavily locked down cities in the country.

The latest figures from the Australian National University and CoreLogic, a property data firm, showed that rental vacancies in the Greater Brisbane area—around 2.5 million people—had dropped to 1.0 percent in August and 0.9 percent in July.

Daniel Y. Teng
Daniel Y. Teng
Writer
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
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