Published : 2 June 2015
Good news for those currently looking at Queensland properties! According to the REIQ, Queensland’s rental sector is incrementally improving, while the south-east corner - the Gold Coast, Brisbane and the Sunshine Coast - is powering.
This is excellent for investors and for the broader property sector across those areas, as well as the regional towns of Gladstone, Rockhampton and Mackay.
The Gold and Sunshine Coasts have the lowest vacancy rates in the state, with the Gold Coast recording its lowest vacancy rate in seven years.
The Sunshine Coast recorded a slight increase in its vacancy rate, 1.9 per cent, up by 0.8 per cent, but it is still classified as a tight market.
Brisbane City’s vacancy rate dropped almost 0.5 per cent, from 2.9 per cent to about 2.5 per cent.