General
Landlords use Gold Coast rental crisis to retaliate against tenants who deferred rent during COVID, agent says
Gold Coast landlords are retaliating against tenants by not renewing leases for people who stopped paying or reduced the amount of their rent during the COVID-19 pandemic, according to a real estate property manager.
Key points:
- Oxenford has the lowest rental vacancy rate on the Gold Coast at 0.1 per cent
- REIQ says the rental vacancy rates on the Gold Coast have reached a 15-year low
- A local property agent says potential tenants are offering up to $100 per week above the rental price to secure property
Oxenford Ray White real estate co-principal Sally Hynes said many tenants are now paying the price as a city-wide rental shortage worsens.
“Now the owners have taken that onus…
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