Noosa News
Gold Coast rental market described as ‘hectic’ as vacancy rates drop
The Gold Coast’s rental market has become increasingly competitive with supply shrinking as investors sell up, a real estate agent has revealed.
Key points:
- Low housing supply and increased interstate migration has fuelled competition for new rental properties
- The Gold Coast’s vacancy rates remain below 1 per cent
- There’s slightly less competition in the northern suburbs
Gold Coast vacancy rates have dropped below 1 per cent, while Metricon Queensland has reported an “extraordinary” 400 per cent increase in interstate inquiries wanting to build new homes.
The squeeze has forced people to lower their expectations as they spend months searching for a home.
Sophie Borowski, 25, has been looking for a rental between Mermaid Beach and Burleigh for…
-
General21 hours agoZac Lomax released by Eels for ‘opportunities outside NRL’, fuelling speculation of R360 switch
-
General20 hours agoIslam Makhachev claims UFC welterweight belt with dominant win over Jack Della Maddalena
-
Noosa News10 hours agoGovernment auditors suspected lab was conducting shonky tests on infrastructure projects
-
Noosa News22 hours agoState government renews national demand for health funding