Mango Hill QLD (MBRC) - 6% Vacancy Rate

Discussion in 'Property Management' started by Tim & Chrissy, 31st Jan, 2016.

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  1. Skipper

    Skipper Member

    Joined:
    30th Nov, 2016
    Posts:
    14
    Location:
    Pine Rivers
    I've recently purchased a house in Kallangur, 4bed/2bath older style house close to new Uni, we had 3 applicants and have secured tenants 1 week after settlement. Our house is on the lower rent side though at $350/week.
     
    Skipper, 17th Dec, 2016
    #21
    Whitecat likes this.
  2. 733

    733 Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    567
    Location:
    Brisbane
    Yes, Angel - we have certainly seen a lot of townhouse, villa and apartment developments which has impacted on the tenant supply and demand ratio resulting in an increased vacancy rate.
     
    733, 19th Dec, 2016
    #22
    Whitecat likes this.
  3. Whitecat

    Whitecat Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    4,519
    Location:
    Sydney
    Drop the rent and you will be fine
    MH and NL whilst on the receiving end of lots of new infrastructure and having a lot of amenity out there are still relatively far from the Brisbane CBD and therefore have less diverse demand with the apartments built in Brisbane we are now starting to see a little bit of a softening in the broader rental market as those fill up. This will stabilize before too long though I feel and Brisbane still has very good yeilds regardless.
     
    Whitecat, 20th Dec, 2016
    #23
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