Queensland housing under pressure in regions due to interstate migration, remote work and returning Aussies

High rental demand and property prices are music to the ears of landlords and property owners, but if you are looking for a place to live in Queensland at the moment, there is a good chance you are struggling to find what you are after.

The Real Estate Institute of Queensland reported that for the December quarter, 90 per cent of regional Queensland dipped to a new record low of just 0.575 per cent rental vacancy.

That means for every 10,000 rental properties, just 57 were available — and coastal parts of Queensland continued to report strong sales figures.

Professor Shaun Bond, from the University of Queensland Business School, said the housing pressure was driven by record interstate migration, the adoption of remote work…