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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
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