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Embattled Brisbane tenants have again been denied a reprieve, with the city’s rental market bucking a nationwide slowdown to hit record highs.
Median weekly asking rents rose $10 over the September quarter to $660 for houses and $630 for units, the latest Domain Rent Report for the September quarter, released on Thursday, shows, defying predictions the market had hit an affordability ceiling.
Over the past year, Brisbane unit rents rose 6.8 per cent ($40), the steepest rise recorded across all the capitals.
House rents rose 5.6 per cent ($35) over the year.
Experts say an increasingly out-of-reach property market, near record-low vacancy rates and a wave of interstate workers have fuelled the rise, but they insist the city’s stretch of rental hikes is