Mr Ryder said Nambour was very underrated given its infrastructure, services and proximity to rail. He said the suburb was ideal for first home buyers or people who wanted to enter the Sunshine Coast market. The plan to have a uni campus in the centre of Nambour will also inject a bit more life into those commercial and retail precincts, Mr Ryder said. He said Palmwoods was also experiencing a big uplift in sales. Leading property expert Terry Ryder from hotspotting.com.au says the Sunshine Coast property market will this year be driven by people moving to the area for a sea-change. Picture: Contributed
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Subscriber only The state s peak real estate body has renewed calls to abolish stamp duty to help reduce the Sunshine Coast s rental crisis. Real Estate Institute of Queensland CEO Antonia Mercorella said the Sunshine Coast s rental vacancy rates were at 0.3 per cent. The median asking rent price for a Coast home has also increased to $530 and $430 for a unit. Ms Mercorella said stamp duty was a significant barrier to solving the rental availability shortage plaguing the Coast. What we re seeing is an unprecedented level of diminishing rental availability which is placing significant pressure on the housing sector, Ms Mercorella said.
“Brainstorm and describe what attributes you have that would be attractive to an investor – a picture of the lawnmower you will use to mow the yard … perhaps some photos of the space you currently reside in, particularly if it’s a house sharing situation and we love pet resumes,” she said.
With so few available rental properties having an edge over other applicants is vital. While some people are offering more rent than advertised, tenants are being told it does not guarantee success.
Kylie said:“ Favourable rental references and the right attitude have much more impact than an offer to pay extra.”
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A tightening rental market is growing volatile in Warwick, where agents are copping abuse and families could be left homeless. Real estate agent Helen Harm said she was receiving about 20 applications for every rental available. It s volatile, there s very few properties around, she said. Just the other day we had a guy walk in who went off at our staff because it was listed online and then when he came in at 9am it was gone. We had another offering more for the rent than what was listed, which is illegal. It s not easy being a tenant at the moment.
A severe shortage of rental properties has created a looming crisis for Queensland tenants with less than one per cent of stock available across the majority of the state. Data released by the Real Estate Institute of Queensland (REIQ) shows there is just 0.3 per cent of rental properties on the market on the Sunshine Coast and a mere 0.7 per cent on the Gold Coast. Rental properties are just as scarce in regional areas with 0.4 per cent availability in Bundaberg and 0.7 per cent in Toowoomba, Mackay and Townsville. Ray White Surfers Paradise CEO Andrew Bell said, with more than 600 properties on their books, they were the biggest rental agency on the Gold Coast and had a massive waiting list.