CALOUNDRA vacancy rates are so tight, a rental can be listed and approved within 24 hours.
Its 0.6 percent vacancy rates are the tightest in the state compared to 1.4 percent for the Sunshine Coast and 2 percent for Brisbane surrounds.
The REIQ released its September quarter vacancy rates yesterday revealing a general tightening of most rental markets throughout regional Queensland as employment opportunities attract workers.
That trend is said to be responsible for the Coast’s low vacancy rates with a smorgasbord of new infrastructure bringing jobs.
Henzells Agency operations manager Katherine Allan said Caloundra West, Golden Beach, and Birtinya were the chief offenders.
“It is very difficult for potential tenants, specifically in the Caloundra West area, we have properties gone within a day,” Ms. Allan said.
“One early this week was listed at 3 pm and someone applied for it and is likely to be approved. They haven’t even seen the property and are going off online only.
“That makes it difficult, great for the landlords obviously.
“With Aura coming in and the new school, being in that catchment plays a massive factor. We have had a large number of inquiries from hospital workers too.”
She said it painted a great picture for potential investors who were spoilt for choice for tenants.
“Most landlords have a choice between multiple tenants and it comes down to past rental references,” she said.
“Some people tend to miss out, sometimes more than once. But we have a leasing consultant who works really hard to avoid that.
“Traditionally we find at this time of year the rates tend to slow down but it doesn’t appear like they will this time.”
Rockhampton, Livingstone and Gladstone shires had the highest rates at over 5.5 percent.
Originally Published: www.sunshinecoastdaily.com.au