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The price of rental housing in Mackay has increased a whopping 12.5 per cent over the past 12 months, new figures show.
It comes as a national housing campaign, Everybodyâs Home, has called for an urgent investment in social housing to combat the rental affordability crisis in Queensland.
Everybodyâs Home national spokeswoman Kate Colvin said this crisis was fuelling a rise in youth homelessness.
âYoung people who are forced to leave their homes, or are left without homes through no fault of their own, cannot simply get a job that pays them enough to afford adequate accommodation,â Ms Colvin said.
Government accused of not growing social housing fast enough
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The Queensland government has been accused of falling well short of its own targets to open thousands of new social homes over the next decade, while 47,000 people sit on the waiting list.
But Housing Minister Leeanne Enoch has hit back and disputed analysis by the Greens, accusing the party of “chasing a headline”.
Housing Minister Leeanne Enoch says the Productivity Commission data does not include all homes considered social housing by the Queensland government.
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The Fraser Coast remains on the leaderboard when it comes to some of the lowest rental vacancy rates in Queensland.
The first quarter results for 2021 state rental vacancies are in, with the latest data revealing 78.9 per cent of Queenslandâs rental markets remained static or experienced tighter strains on the number of rentals available.
In Maryborough last month, the rental vacancy rate dropped to 0.2 per cent, while in Hervey Bay it was 0.9 per cent.
According to the current vacancy report, released by the Real Estate Institute of Queensland, 70.2 per cent of the stateâs rental vacancies remain under one per cent, with the biggest pinch recorded in Brisbaneâs inner city, with rates dropping 0.5 per cent over the quarter.
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A statewide report has revealed Rockhampton’s residential vacancy rate remains low, recording a 0.2 per cent increase over the previous quarter.
According to the current vacancy report, released by the Real Estate Institute of Queensland, Rockhampton’s vacancy rate is at 0.4 per cent, which is up from 0.2 per cent in December.
Livingstone recorded a 0.5 per cent vacancy rate, while Banana recorded 0.7 per cent, Central Highlands recorded 1.1 per cent, Gladstone recorded 1.2 per cent, and Mackay recorded 1 per cent.
The report revealed 70.2 per cent of the state’s rental vacancies remained under 1 per cent.
REIQ chief executive officer Antonia Mercorella said the most pronounced rental demand that far surpassed available vacancies was being seen across regional Queensland.