- Gold Coast vacancy rates fall to lowest level in more than 16 years, at 0.8%
- Across the country, vacancy rates are 2%, what they were a year ago
- SQM Research interactive rental vacancy rates charts are shown below
As with many regional and capital city centres around Australia, the amount of vacant rentals along the Gold Coast has slipped below 1%. This is the lowest recorded in more than 16 years.
The chart below is courtesy of SQM Research, and a new feature on The Property Tribune.
Mouse over the blue bars (number of vacant properties in that month) or the purple lines (vacancy rates for that month, expressed as a per cent of dwellings) to see more detail…
As property prices have been rising, so people looking to live in the oceanside region have turned to the rental market, meaning the available stock has fallen dramatically from the peaks of lockdown in April last year.
At that time, there were over 2,000 rentals on the market. Today, there are just over 300 available.
Comparing the Gold Coast region to Australia as a whole, we can see that across the country vacancy rates have fallen to 2% (January 2021).
They still have a way to go before reaching the last low point of 1.4% (May 2010) or 0.8% (at the peak of the late 2000s property boom in May 2006). Two per cent is still viewed as a tight rental market, as long lines of people at rental home opens across the country also attest.
Charts: courtesy of SQM Research.