Wynnum and Manly have been identified as Brisbane suburbs where rents are expected to keep rising, driven by limited housing supply and sustained demand from tenants.
Rental Market Outlook for Brisbane’s Bayside
Wynnum and Manly have been included in a national list of 20 suburbs where rents are forecast to continue increasing over the next 12 months. The latest analysis attributes the pressure to ongoing low vacancy rates, constrained housing supply, and a rental market that remains more accessible than home ownership in these areas.
These bayside suburbs were identified along with other Queensland locations such as Loganlea and The Gap, which also face tight rental conditions and low stock availability.
Bayside Demand Reflects in Market Figures
In Wynnum, house rents have increased by 6.1 per cent over the past year to an average of $700 per week. Unit rents have grown 5.5 per cent, now averaging $580. House values in the suburb rose by 24.5 per cent over the same period, while units saw a 15.2 per cent increase.
Manly has reported a median weekly rent of $780 for houses and $620 for units. The rental yield for houses currently stands at 2.86 per cent, while units return 3.80 per cent. Properties in the suburb are moving steadily, with houses spending 32 days on the market and units 16 days.
Suburb Characteristics and Growth Drivers
Wynnum combines older Queenslander-style housing with newer developments and is supported by proximity to schools, parks, public transport, and a growing local population. A $1 billion redevelopment of Wynnum Plaza is in progress, with completion expected by late 2025.
Manly offers a marina-side lifestyle and remains popular with families and professionals. In 2021, 68 per cent of homes in Manly were owner-occupied, reflecting the area’s residential stability and long-term appeal.
Together, Wynnum and Manly form a connected bayside corridor that benefits from established infrastructure, coastal amenities, and ongoing urban renewal.
Broader Market Conditions
Across Australia, the rental market continues to face pressure. SQM Research reported a national vacancy rate of 1.2 per cent in May, reflecting a slight improvement from April but still well below pre-pandemic levels. With rental listings limited and population growth continuing, demand is expected to remain elevated.
This sustained imbalance between supply and demand suggests that suburbs like Wynnum and Manly are likely to see further upward pressure on rents into 2025 and beyond.
Published 18-June-2025
