REIQ vacancy rate figures for the last quarter show the Sunshine Coast rental market is tightening with the vacancy rate dropping from 2.4% to 1.8%.
Investor activity has slowed which is standard for an upcoming election along with the uncertainty around negative gearing.
So, fewer investors buying means fewer properties to rent - simple supply and demand is driving yields up.
Many agents are reporting 0 vacancy rates and 100+ inquiries per month, with houses under $500 per week the most sought after.
When we are working with investors, we work backwards ie think about who will rent the property, what the rent will be and how many prospective tenants are in that income bracket to afford it.
Rather than buy a $800,000 house which would rent for $800+ per week instead look at two properties for $400,000 that will rent for $450 per week, so they are in the most affordable bracket and you halve the risk if they are empty.
