RESIDENTIAL RENTAL Brisbane: Snapshot of Typical Asking Rents (approx) MARKET TRENDS BRISBANE INNER BRISBANE MIDDLE BRISBANE OUTER Typical length of tenancy 12 months (Shorter-term leases can Locations CBD & inner surburbs Middle suburbs Outer suburbs be dif昀椀cult; 12+ months preferred) Notice period Indicate Indicate Indicate 2 months if rental if rental if rental Rent From Rent To price is up, Rent From Rent To price is up, Rent From "Rent To price is up, Typical deposit down or down or down or Property Pro昀椀le (AUD/ (AUD/ (AUD/ (AUD/ (AUD/ (AUD/ 1 month deposit paid as a bond. Month) Month) unchanged Month) Month) unchanged Month) Month) unchanged Sometimes, may include a from from from 1 month rent paid in advance. previous previous previous quarter quarter quarter Unique situations • Standard procedure in AU is to 1 Bed Apt/ Townhouse/ 2023-Q4 1,652 2,390 1,239 1,912 1,195 1,456 make the bond and advance Unit rental payments within 24-48 hrs of approval in order to secure 2 Bed Apt/ properties (very fast-paced and Townhouse/ 2023-Q4 2,303 3,151 1,804 2,390 1,434 1,739 requires prompt approvals). Unit • Negotiation on terms is limited, 2 Bed House 2023-Q4 2,151 2,825 1,869 2,390 1,565 1,825 particularly with the increase in 3 Bed House 2023-Q4 2,523 3,259 2,151 2,695 1,825 2,260 demand for properties in the last 12 months. Offering below the Vacancy Rates 2023-Q4 0.1% asking price will lead to losing a property. Data Source: Real Estate Institute of Australia (REIA) Real Estate Market Facts