Renters in The Gap are being warned to prepare for continued rental increases, as new data reveals the suburb is among several across Australia facing mounting pressure from tight housing supply and growing demand.
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A new report by property investment company InvestorKit has flagged The Gap—alongside nearby suburbs like Loganlea and Wynnum-Manly—as one of the areas most likely to see rental prices continue rising over the next 12 months. The findings are based on key indicators such as vacancy rates, rental yields, affordability comparisons between renting and buying, and long-term population demand.
While the pace of rent hikes has moderated compared to the sharp surges of recent years, conditions in suburbs like The Gap remain particularly strained. Demand continues to outpace supply, with rental stock across Australia still around 30 per cent lower than it was before the pandemic began.
The Gap, known for its family-friendly appeal and proximity to natural parks and the CBD, is feeling the pinch more acutely due to its limited new housing development and competitive property market.
In this suburb, the cost of buying a home has become increasingly prohibitive, leading more residents to rent as a longer-term solution. That shift is adding further pressure to already scarce rental listings, reinforcing the upward trend in prices.
Nationally, rents now average $649 a week, and vacancy rates remain low at 1.2 per cent—figures that reflect a broader issue across urban and regional markets. However, the situation is especially challenging in areas like The Gap, where housing diversity is limited and construction of new rental stock has not kept pace with population growth.
Experts say the current challenges stem from structural issues that have been building for years, including a long-standing shortage of social and private rental housing, underinvestment in diverse dwelling types, and lagging construction pipelines. In suburbs like The Gap, these conditions combine to make renting not only more expensive, but also more competitive and uncertain.
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As the country heads into another year of rental stress, suburbs like The Gap will be key areas to watch—both as pressure points for tenants and as indicators of how deeply the nation’s housing issues are being felt at a community level.
Published 19-June-2025