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Apartment Shortage in the Brisbane CBD

June 26, 2021 by Nichola Goodwin

Brisbane is experiencing a once in a decade housing boom. The Urban Developer reported the boom in demand for housing and units in the Brisbane area is soaring, in particular demand within the CBD vicinity.

Fuelling the boom are Victorians selling up and cashing in on their properties and taking advantage of the low entry point into the Brisbane market.

With that said the housing prices in Brisbane have been rising continuously at a rate of 1.8 per cent, with the last quarter reporting a 6.2 per cent lift. Year to date Brisbane, in particular the CBD has seen a 9.6 per cent increase in housing prices. 

Hot spots include the inner city, inner east, inner west and inner north where house and unit prices have exceeded 13 per cent growth. Local councils have been working franticly to navigate through the hundreds of development proposals currently awaiting approval.

All this demand and short supply has also impacted the rental market, with Brisbane recording the lowest vacancies since 2012. Yields for rental properties have increased from 5 per cent to staggering 15 per cent.
Buyers, sellers and renters are all competing for the limited stock available. With this frenzy peoples personal arrangements are either on hold, in transit or being heavily disrupted. With this level of disruption, stress levels are heightened.

People have been using self storage for years and this is no better time to take advantage of this wonderful life saving product.

Kennards Self Storage operate 17 storage centres across Queensland spanning from the Gold Coast all the way up to the Sunshine Coast. In particular, Kennards Self Storage have four locations spread within 5km’s of the Brisbane CBD, those being Kennards Storage Newstead, Kennards Storage Fortitude Valley, Kennards Storage West End and Kennards Storage Milton.

These four locations have been serving locals in the Woolloongabba, Red Hill, Paddington, Ashgrove, Kelvin Grove, Herston, Windsor, Albion, Hawthorne and Balmoral areas for over 20 years. 

Customers have been taking advantage of the no lock in contract and lease arrangement Kennards Self Storage offers all their customers. Customers simply pay 1 months rent in advance, they can move out anytime without giving notice and Kennards Self Storage will even pro rata any unused rents when customers move out. 

Offering a one stop operation, Kennards Self Storage centres provide all the products to take the stress out of moving or relocating. Offering the widest range of packing materials in the box shop, customers can choose from a large range of moving boxes, packing materials and much more. 

If you are one of those people migrating, moving out, moving in, relocating, selling, buying or decluttering your home, you should find out more about how Kennards Self Storage can help you.

To learn more or rent a storage unit visit Kennards Storage online 

Nichola Goodwin

Nicky joined the Kennards Team in October 2016 as Operations Manager for QLD. Nicky’s business back ground comes from the fashion and industrial work wear industry. As well as her passion for Kennards Self Storage Nicky’s focus is her Team that she works with, knowing that the key to success is ultimately through its people, listening to Customers and Team Members share their own stories and experiences. Nicky enjoys working with a remarkable Team in a fun supportive way fostering the Kennards Culture. Personally, Nicky is devoted to her husband and blended family of 7 kids, 3 dogs and 4 chickens. Nicky’s moto is: “Keep smiling – frowns are too much hard work!”

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