Queensland’s rental market remained under pressure in 2024, with vacancy rates staying critically low. The Real Estate Institute of Queensland (REIQ) Residential Vacancy Report for the December quarter recorded a statewide vacancy rate of 1.0 percent, unchanged from the previous two quarters and only slightly higher than 0.9 percent at the start of the year.
Of the 50 regions surveyed, 18 saw further tightening, 15 remained stable, and 17 experienced some relief. However, the overall picture remains bleak, with most of Queensland classified as a tight rental market (vacancy rates below 2.5 percent).
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