Inner Brisbane Rents Increasing greater than 10%

"INNER Brisbane rents are increasing at more than 10 per cent a year, with a downturn in new apartments expected to keep vacancies tight.

DTZ Research has shown the biggest growth has been in one-bedroom units in the inner south and inner west suburbs of South Brisbane, West End and Indooroopilly, where rents have risen by up to 20 per cent.

The median rent of a one-bedroom unit in the inner south is now $420 a week, only $10 less than the CBD median price."

Suburbs on the rise:

The suburbs DTZ expects to record the biggest increase in rents during the next 12 months:

• Nundah 19%
• West End 14%
• Fortitude Valley 12%
• Alderley 12%
• Newmarket 10%
• CBD 10%
• Cannon Hill 9%
• Spring Hill 8%
• Chermside 8%

(source: Courier Mail 2 May 2009)