SUPPLY WATCH
Queensland’s rental supply position is often explained through vacancy rates, but vacancy rates only tell part of the story. Most people understand that vacancy rates have been historically low. Fewer have seen what has happened to the actual rental supply numbers behind them.
Since the RTA began reporting in 1995, Queensland’s rental supply had never gone backwards on an annual basis before 2021. Over that period, it recorded average annual net growth of 16,609.
From 2021 to 2025, rental supply went backwards by 11,242, pulling Queensland back to around 2019 supply levels. That is difficult to reconcile with the broader narrative that investors have been flooding the market.
Supply Watch was created to give a clearer view of what is happening beneath the politics and headlines.
This page tracks rental supply across Queensland and Brisbane, with benchmark comparisons included below.
Interactive graph note: The RTA provides long-term annual bond data from 1995 onward. The interactive graph begins from 2012 because quarterly bond data is not available before that point.
Rental Supply refers to bonds held.
Only General Tenancy bond data has been used. Rooming accommodation has been excluded because general tenancies generally reflect one bond per dwelling, while rooming accommodation can record bonds at a room level and inflate the total count. This provides a cleaner signal for tracking rental supply across Queensland and Brisbane.
Benchmark periods use fixed five-year windows: 2016–2020 and 2021–2025. Difference compares growth across the two periods.
The data, figures and commentary presented on this page have been compiled by Miles Johnston for general information and personal reference only. While care has been taken to use sources believed to be reliable and accurate at the time of publication, no warranty is given as to the completeness or accuracy of the information.
This material should not be relied upon as formal advice. Readers should make their own enquiries before relying on the information or drawing conclusions from the data.
All content, charts, analysis and commentary remain the property of Miles Johnston. Reproduction, distribution or use of this material requires prior written approval.