Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 4BC account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 4BC content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 4BC online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

Brisbane tenants warned of rent hikes amid ‘landlord’s market’

Bill McDonald
Article image for Brisbane tenants warned of rent hikes amid ‘landlord’s market’

Tenants in Brisbane are warned rent hikes are still likely as competition for rentals rages on across the city. 

4BC producer Chloe told Bill McDonald the rent on her West End home was upped by more than $200 a week, forcing her household to bring in another tenant.

“We’re currently paying $750 a week but we had a house inspection about two months ago and the rental agent told us they’re going to be increasing it to $960 a week,” she said.

“We love the house and we don’t want to move but we feel like we don’t really have any other options.”

Unfortunately, it’s a problem that’s certainly not unique to Chloe, Domain chief of research and economics Nicola Powell said.

Brisbane currently has a vacancy rate of just 0.9 per cent, making a strong landlord’s market.

“A lot of tenants will be finding when their leases are expiring, that property manager or investor will look to hike that rent,” Ms Powell said.

“This isn’t just a Brisbane problem, this is something that’s impacting Australians across our capital cities and into regional Australia as well.”

Press PLAY below to hear Nicola Powell’s tips to finding some rental relief 

Image: Getty

Bill McDonald
Advertisement