LOW VACANCY RATES ON THE CAPRICORN COAST
Housing demand on the Capricorn Coast remains strong with quality rental accommodation in high demand, according to the Rent Roll Survey Report March 2020 from Herron Todd White, the Capricorn Coast Vacancy Rates remain low at 1.8%, were as Rockhampton is at 3%. @ Real Estate currently doesn’t have any average family houses for rent as any homes that come available are quickly snapped up. For example, our property management team recently rented a modern 4 bedroom, 2 baths, 2 car home in Taroomball with 7 applications being received.
Resulting in an increase in rents and a stronger return on investment for landlords. 12 months ago the average rent on the Capricorn Coast was $373.00 per week, whereas now the average rent is $406.00 per week. These market improvements are due to a change in supply and demand are driven by current and up and coming major projects and strengthen the resources sector. Making now actually a great time to invest in the Capricorn Coast property market as the shortage of housing is set to continue.