September 2019 | Source: REIQ Queensland Market Monitor
SUNSHINE COAST RENTAL MARKET HEATS UP
The Sunshine Coast’s rental market is currently recording more demand than supply.
Vacancy rates have fallen to 2.3 per cent, pushing the region into a tight status for the June quarter.
Rents are correspondingly rising with landlords achieving solid yields.
Median rents for three-bedroom houses, two-bedroom units and three-bedroom townhouses have also increased over the year. The median rent for a three-bedroom house in the Sunshine Coast region increased to $460 per week, up from the previous quarter.
The higher property prices in Noosa have again impacted the gross rental yields achieved in that region with houses recording 3.7 per cent and units 3.8 per cent.
Down the road and a few beaches away in the Sunshine Coast, however, investors are achieving gross rental yields of 4.2 per cent for houses and 4.8 per cent for units.
Is your investment property achieving the rent it should be?
Rents on the Sunshine Coast are changing constantly. Set the rent too high, and your property could be vacant for weeks. Set it too low, and you could miss out on income.
Request a FREE property appraisal to see how your property compares in the current rental market, or to help you with your decision making.
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