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Over the past five years prices for houses rose 16.1 per cent, while houses on the Gold Coast rose 15.2 per cent, according to Domain. The report said the Sunshine and Gold Coasts outperformed Brisbane, proving lifestyle locations were experiencing an increase in demand. Coast couple Nikkey Williams and Luke Kelly are looking for a rental property for themselves and their eight-year-old dog Thea. They are preparing to pay more than they initially planned. Coast couple Nikkey Williams and Luke Kelly are struggling to find a rental property. Ms Williams said they were without a home despite having a good rental history and applying for 10 properties in just one week.
REIQ CEO Antonia Mercorella said part of the reason for “incredibly low rental availability” across Queensland was the State Government’s measures keeping tenants in place for longer during the pandemic lockdowns.
“We have also seen a significant amount of interstate migration, with renters also moving to Queensland, so all of these factors have contributed to our current tight vacancy rates.
“What we’re seeing is an unprecedented level of diminishing rental availability that’s placing significant pressure on our state’s housing sector – so much so that it’s unsustainable and why urgent action is required to better support both increased and ongoing property investor activity in the Queensland property market and the contributions they make to the state economy.
THE lust for lifestyle is causing a coastal buying frenzy forecast to drive up home prices in Queensland s seaside property markets. New research from property portal Realestate.com.au has revealed the state s strongest coastal markets based on buyer demand and price growth, and it shows the days of the beachside bargain may be numbered. Realestate.com.au executive manager of economic research Cameron Kusher said Queensland was seeing strong growth in buyer demand, particularly from NSW and Victoria, which would lead to the increasing popularity of its coastal markets over the coming year. REA Group executive manager of economic research Cameron Kusher. Picture: Andrew Henshaw.