21.01.2026

Brisbane Rentals: Strong Demand, Limited Supply

Brisbane’s Rental Market Is Holding Firm — Here’s Why Investors Are Paying Attention.

Australia’s rental market is entering a more mature phase, and for property investors, the story is shifting from rapid growth to sustained strength and resilience — particularly in markets like Brisbane.

Recent national data shows rental growth is beginning to moderate as affordability ceilings are reached in some capital cities. However, this slowdown does not signal weakening fundamentals. Instead, it reflects a market adjusting after several years of sharp rent increases, with rents remaining near record highs and competition for quality rental properties still intense.

Importantly for Brisbane investors, rental conditions remain significantly tighter than national averages. Vacancy rates across Queensland continue to sit well below long-term norms, supported by strong interstate migration, population growth and a lack of new housing supply. Elevated construction costs and feasibility pressures have delayed or cancelled many new apartment projects, limiting future delivery and reinforcing long-term rental demand.

What we are seeing nationally is a fragmenting rental market — where well-located, high-quality apartments continue to outperform, while secondary stock experiences softer conditions. For investors, this reinforces the importance of asset selection. Properties close to transport, employment hubs and lifestyle infrastructure are proving the most resilient, attracting consistent tenant demand and supporting stable rental returns.

In Brisbane, this dynamic is particularly compelling. Strong population inflows, major infrastructure investment and relative affordability compared to Sydney and Melbourne continue to underpin demand for inner-city apartments. Even as rental growth moderates, low vacancy rates and constrained supply provide a solid foundation for ongoing income performance and long-term capital growth.

For investors seeking opportunities in Brisbane’s strongest-performing apartment markets, now is the time to position strategically.

Get in touch with the Drive Property Group team today to discuss opportunities at Murcia Residences.

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