Crisis looms in housing rentals as ‘stampede” from south crushes vacancy rates

Tuesday April 20, 2021

Rental supply has reached crisis point in large areas of Queensland, forcing the real estate industry to call for investor incentives in the upcoming state Budget.

Rental ‘bidding’ has become a factor in many suburbs as stocks have dropped as sale prices skyrocket (Photo: Domain)

The data from REIQ also shows that the drive to the outer suburbs and regions has created a severe shortage in places like the Gold Coast, Gympie, Rockhampton, Maryborough, Bundaberg, the Southern Downs and the Sunshine Coast.

But it has also forced people back into the CBD, which had…

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