[Video] Vacancy Rates tighten up on the coast

One figure that savvy property investors always keep an eye on is vacancy rates. And fortunately, owners of Queensland rental properties are currently enjoying good results.

New figures from the Real Estate Institute of Queensland show that parts of the Sunshine State are in hot demand for rental accommodation seekers.

The Sunshine Coast was found to boast a vacancy rate of just one per cent at the end of September. This is the lowest result recorded out of all the major regions in Queensland.

Commenting on the rental market figures, Real Estate Institute of Queensland Chief Executive Antonia Mercorella pointed a finger at strong population growth. Coupled with low investor activity, this has meant there are not enough rental properties on the market.

With the cash rate staying at a historical low of 2.5 per cent, Queensland property investors are currently enjoying strong conditions for investment, whether it’s the Sunshine Coast or state capital of Brisbane.

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