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Gold Coast Rental crisis continues as price rise and vacancy rates drop

Low vacancy rates across the Gold Coast have spurred landlords to demand higher rents. Asking rents have soared by 32 per cent during the past 12 months to an average of $744 a week for houses, and a 14 per cent increase to unit rental prices, up to an average of $515 a week, according to SQM Research data. SQM Research managing director Louis Christopher said the tightening rental market trend was likely to continue

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Prices expected to continue increasing REIWA had forecast the value of homes across WA to grow by 15 per cent this year, with six per cent growth recorded already. "Obviously some suburbs will do more than that and some will do less, and while we've seen certainly some suburbs already up 15 plus per cent, some are just starting their growth journey," Mr Collins said. "We overall expect price to still continue to rise this


The Reserve Bank of Australia has retained interest rate at 0.1% where it has remained since November 2020. This continued to generate much buying interest in the market with the medium prices for houses and apartments continuing to inch higher for the week ending 11th April 2021. ANZ economists expect Perth property to outperform all Australian capital cities in 2021. They forecast Perth housing prices rising 19% in 2021. Which property is the right one

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