Gold Coasters paying some of the highest rent prices in Queensland
.
Tenants may not be too happy but Landlords are laughing all the way to the Bank.
Gold Coast tenants are forking out some of the highest prices for rent in Queensland despite property experts predicting demand would drop following the Commonwealth Games.
The news was revealed in the latest REIQ Quarterly Market Monitor Report, which was released at the weekend.
REIQ chief executive Antonia Mercorella said the Coast remained the most expensive rental market for three-bedroom houses and two-bedroom units, with median rents of $500 and $430 a week respectively.
“The rental market continues performing strongly,” she said.
“Median rents for many types of dwellings have trended upwards for the past year as many rental properties are being sold to owner-occupiers.
“Vacancies sit within the tight range at 1.7 per cent despite the perceived fall in rental demand following the completion of the Commonwealth Games.” Source: realestate.com.au