REIQ Vacancy Rate Report 2019
4 Dec 2019
By The REIQ
Buyers, Industry News, Investors, Property Management, Property Market, Tenants, Principals, Property Managers, Salespeople
The REIQ calculates the Vacancy Rates for the largest local government areas and regions in Queensland.
The calculation is based upon all residential rentals as at the end of each quarter period, as submitted by real estate agents.
The REIQ classes rental markets into three categories: weak, healthy or tight. These rental markets are classified according to vacancy rates:
0-2.5% = Tight
2.5-3.5% = Healthy
3.5% – plus = Weak