Those seeking rental property in Queensland may be interested in the latest report from the Real Estate Institute of Queensland (REIQ).
REIQ June data reveals that vacancy rates in many areas of Queensland have continued to be quite low, making it somewhat difficult for renters in certain districts.
The figures - compiled from surveying property managers from REIQ accredited agencies across Queensland - are below the market equilibrium of three per cent.
The vacancy rate for rental properties are hovering around the two per cent mark in Brisbane, while Rockhampton and Toowoomba are just above one per cent.
"What our latest survey shows us is that demand for rental property remained strong at the end of June with vacancy rates generally remaining tight," said REIQ chief executive officer Anton Kardash on July 20.
"While we are seeing an increase in the number of first home buyers and investors in the sales market, their activity will take some time to flow through to the rental market, which should ease some of this pressure on supply and rents we are now experiencing."
Mr Kardash noted that the first three months of the year are often the busiest and that vacancy rates are usually quite low at this time.
