Media

Media

Rental Vacancy Rates

Ann Lindner - Wednesday, November 11, 2015

While we have heard central Queensland rental markets are experiencing a decline the Sunshine Coast rental market is tighter than ever, with current rate of 1.3% the lowest in the state. A quick search for family homes ie 4 bed, 2 bath, 2 car garage with a pool in the Buderim area show only 6 properties available up to $600 per week.Using an example of a recent client purchase, a family home in Buderim for $537,000, with an expected rent of $580-$600 per week equals a 5.6% yield.Utilising a 20% deposit would equal a 7% rental yield.