QLD Discuss: Petrie, Kallangur, Murrumba Downs, Mango Hill, Rothwell, Kippa-Ring

Vacancy rate is 3.4% and declining

 

A little high but at least it's declining. Do you know if there is anymore residential land releases in the area?

We were looking at a dual living property however everything was internal access, rent seemed to be at a premium and tenant was undecided about lease renewal.

 

Seasonally declining? I think we'll have a better idea by June-July.

SQM Research - Residential Vacancy Rates

Another way of looking at it....there are almost twice as many properties available to rent in 4509 when compared with the same time last year.

January 2015 - 61 properties
January 2016 - 114 properties

 

True but demand is their when you look at 2 things-Vacancy & Rents which as both pretty stable over the last 12 months.
SQM Research - Weekly Rents

 

Indeed, no squeeze on rents just yet, just more supply. Still outpacing inflation too (not like that is much of a feat at the moment).