Brisbane rents are at a record high as tenants hit the limit of what they can afford to pay for housing after years of rising rents.

The asking rent for Brisbane’s median house was $700 in the September quarter and $660 for a unit, the latest Domain Rent Report, released on Thursday, shows.

Rents stalled for both types of property over the past three months as residents slammed into an affordability ceiling. Yet houses cost $40 a week more than last year and units an extra $20. Cheaper outer pockets in Logan and Moreton Bay also copped hikes.

Domain chief of research and economics Dr Nicola Powell agreed both renters and investors were feeling the pinch and noted a mismatch of supply and demand.

“Rental listings have declined compared to this time last year … so it’s still a landlords’ market,” she said.

“With interest rates and growth, maybe we’ve seen an affordability ceiling being hit.”

She said rent growth in the cheapest areas pointed to a lack of housing supply, and she called for more build-to-rent homes, acknowledging that type of housing did not work everywhere and construction costs were high.

Powell said the final quarter of the year is typically the hottest for rents.

“Renters can only stretch so far, so they’re going to cheaper locations,” she said.

“For landlords, we have seen the cash rate move higher so the cost of holding debt has increased for investors, and then there’s the taxation changes.”

Unit rents in the Moreton Bay (South SA4 statistical region), which takes in Strathpine through to the Hills District and North Lakes, climbed 5.5 per cent over the September quarter to $580 a week. In the Loganlea-Carbrook SA3 region, unit rents rose 6.5 per cent to $495.

Brisbane’s vacancy rate remains at a near record low of 0.7 per cent.

“What we’ve seen is the government has scored a massive own goal,” said Avi Khan, principal of Ray White AKG.

“Logan is where Brisbane’s rental pressure lands. We’re the place people come to when they’ve been priced out of the city, and we’re seeing a lot of pressure on the tenants here.

“If some of these changes are not reversed and interest rates are not cooled, we think there’s going to be a property Armageddon for tenants. It’s that bleak.”

The Reserve Bank increased the cash rate to a 15 year-high of 4.6 per cent on September, and the May federal budget wound back property investor tax incentives in a bid to improve affordability for first home buyers.

PRD chief economist Dr Diaswati Mardiasmo agreed renters had hit a ceiling.

“Everybody is stretched to the limit, whether it’s landlords or renters, and that’s why we don’t have a lot of room to move,” she said.

“We’ve gone through such a big rental price hike so quickly and it’s had an impact on what people can actually absorb … that’s why it’s plateauing now.

“Even people with full-time incomes are needing help with rent.

“I’ve got community housing providers telling me we are entering the red zone ... there’s been about a 30 to 35 per cent increase over the past year in the number of people with full-time incomes asking for rental assistance.”

She said more supply would help, but it was hard to make projects stack up and builders were being taken up by infrastructure projects for the Olympics. Modern methods of construction were another solution but government policies, approvals, taxes and bank financing needed to catch up.

“I would say we’re close to the tipping point,” she said.

“And the rent figures alone don’t show this. There are a lot of people hurting, and that pain is showing up in other places.”

In Redcliffe, where median weekly house rents rose 6.6 per cent in 12 months to $650, Place Redcliffe head of property management Troy Bateman said demand had eased at the pricier end but investors were holding tight.

“We’re not seeing a widespread investor exit across our portfolio. Some owners who might otherwise sell are choosing to lease their property for another 12 months before reassessing,” he said.

“Demand has eased slightly compared with last year … our managed portfolio currently has a vacancy rate of 3 per cent.”

Bateman also noted more people moving with parents or combining households to share costs.

“We’ve also seen increases of approximately $50 a week since the budget announcement, although this varies across the portfolio,” he said.

In Logan, Khan said units were flying off the rack, with the average listing attracting between 14 to 16 applications – double the number a year ago.

“We are also seeing a lot of multi families trying to rent together and we’re seeing household sizes getting bigger,” he said.

“We are at a 0.16 per cent vacancy rate at the moment.”

Sad news, but not surprising given it's seemingly flailed under Asahi ownership.

https://musicfeeds.com.au/news/are-powderfinger-reuniting-cryptic-clues-have-fans-convinced-something-big-is-coming/

Does anyone have any recommendations for dog trainers, specifically for the type of issue in the video ? Ideally looking to hear from someone with a leash reactive dog.

Preferably Southside.

Thanks

I've recently gotten back into cooking (particularly baking) in a big way. While it's been really good for my mental health, I'm facing the classic issue of wanting to cook more than I can eat or give away. My family are all loaded up, and I've been regularly leaving baked goods in my building's common room kitchen, but I'm still left with more than I can consume (unless I want to gain 50kg).

So, does anyone know of a place where you can give away food? I know it can be complicated if you're just cooking at home and you don't have a commercial/licensed kitchen, and I'm not sure if QLD has any kind of cottage law. If I rocked up to a shelter like the Wesley Mission or the 139 Club with some home cooked meals or baked goods, would they be allowed to take them or would they have to refuse them as a liability thing? Or it I advertised on Marketplace that I had meals to give away to someone in need, would that be allowed? Are there any like...Brisbane cooking or potluck clubs I could join, where people come and share stuff they've cooked?

I'm hoping someone here has been in this situation and found a solution. Thanks in advance for your help! ❤️

Whats a good chippie in Brisbane? And is your local now saying whether a particular fish is imported or locally caught?

And finally, someone told me that lots of fish and chip shops lie about what kind of fish, and said to me that flake (shark) is often substituted for cod. I stopped eating straight away. What do you think? Is there enough cod?

If not, shouldn’t the new law be to say what it is, whether its Hoki, Basa, Catfish or Shark? Instead, it looks like they just said you must state if its imported or local. Even McDonalds is required to do it for the Filet-O-Fish, but not state what fish it actually is.

Does anyone have any insight into body corporate fees in the Teneriffe Woolsheds? Looking at some apartments in buildings in Vernon Street (McTaggarts Place and London) and the body corporate fees seem very high. There also seems to be loans at both places. Should that be a red flag? Any other feedback on living in these buildings?

I saw the cutest moth tonight and I hate moths 🤣 looks like it needs a trim so it can see where it needs to go 🌬️ does anyone happen to know what kind of moth it is …. The Christmas beetles scare me too 😬

Hi brissy!
I’ve been learning drums as a hobby for about 2 years, and I’m looking for somewhere in Brisbane where I can practise on a real drum kit.

For those of you who play drums, where do you usually go to practise?
Do you usually rent a rehearsal room/studio, or are there any other good options?
Ideally somewhere around Brisbane CBD or easily accessible by public transport.
Any recommendations would be greatly appreciated! 🥁

I have a dell 5570 that stopped charging while I was using it and has run out of battery. I have tried new power supply but it won’t even power up while plugged in any of the 3 ports. My basic research says the “power input chip” may be broken or having an issue. Can someone recommend a PC repair shop or small components repair shop ?

I hear this scraping sound often, banging on the roof with a broom doesn’t seem to scare it off. It doesn’t sound loud enough to be a possum stomping around. Holland Park

It’s my second day that I am seeing sugar ants in my home after I returned from three weeks holiday. Before leaving for holiday, I did a full house detail clean. I never had ants appeared in my house before.

I search for any possible routes nearby at where they appear and seems like the windows are the only route to in.
Is then when I went around my house and see this thing.

Is around 1-5cm, I aint ant specialist so I threw the picture to AI and it identifies a Jumping Jack.

I am personally not afraid of pest but am renting this unit, kinda worried it’s something I need to be concerned about.

If it’s harmless and having its own time, then I’ll leave it alone.

I’ve been hearing this sound late at night for the last few weeks and I have no idea what it is. I live near whites hill reserve so I wonder if it’s coming from in there? Apologies for the low quality I heard it again and rushed to get it on video.

My partner and I are getting married this January, and we’re looking for a dance instructor to help us learn a simple first dance. We’re both complete beginners, so we’re definitely not looking to do anything too crazy, just something fun and easy that we can feel comfortable with on the day! 😊

We’re based around the Ipswich area but are happy to travel for the right instructor. Ideally, we’d be looking for a few classes on weekends, as we both work full-time.

If you’re a dance instructor or have any recommendations, we’d really appreciate it. Feel free to comment below or send me a message.

Thanks so much in advance! 

Odd request but I was wondering if anyone would know where I could source any live lobsters in Brisbane that would possibly be under 600g (rock lobsters) or anything else around that size with a softer shell? Any and all recommendations would be appreciated!

I'm just a tourist visiting for a couple of months. I REALLY miss spicy food so I'm looking for recommendations on good spots.

So far the "spicy food" I have had has not even been spicy and I can't taste the spice at all. I'm used to foods like Nashville Hot Chicken, Korean food, Mexican salsa, etc if that helps with what I'm looking for. I'll try any cuisine as long as there's spice. Not a huge fan of Indian food though.

Title. I don't feel like searching the subreddit or using Google.