‘Gold Coast most expensive in Queensland to rent a house’

first_img26 Bluejay St, Burleigh Waters can be rented for $1100 per week.THE GOLD Coast’s already tight rental vacancy rate has constricted to an all-time low.According to REIQ December quarter rental data, the vacancy rate of the Coast is just 1.1 per cent, dropping from 1.9 per cent the quarter before.This three-bedroom Pimpama home is on the rental market for $410 per week.More from news02:37International architect Desmond Brooks selling luxury beach villa20 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoThe Coast is now one of the tightest rental markets in the state.“Markets that remain consistently tight will eventually see upward pressure on rents,” said REIQ CEO Antonia Mercorella. “It’s no surprise that the Gold Coast, which has officially been classed as a tight market for the better part of the past five years, is the most expensive place in Queensland to rent a three-bedroom house or a two-bedroom unit.”Apartment rents range from a two-bedroom Surfers Paradise unit for $470 per week. To a Broadbeach apartment for $500 per week.The only other quarter that saw the vacancy rate dip to 1.1 per cent was in December 2015.last_img

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