THE Sunshine Coast’s already tight property rental market contracted even further in the December quarter from 1.7% in March to just 1.3% at year’s end.
New townhouses at $520 a week in Brightwater are attracting interest from multiple tenants and some agents report their rental rolls are 100% booked with inquiries coming through the door every day.
The market is a combination of people looking to try suburbs before they buy into them, new hospital workers whose rent is being paid by employers, locals looking to relocate and new arrivals from the southern states and the collapsing northern Queensland mining communities.
Noosa is Queensland’s tightest rental market in Queensland with vacancies at a low 0.7% while at the other end of the Sunshine Coast Caloundra has eased from 0.9% out to 1.7%. Click here to read further