Rental demand has been on the rise throughout 2021 across Australia and with the constant flow of migration to Queensland, rental properties have become highly sought-after on the Gold Coast.
Recent data from the REA Groups quarterly PropTrack Rental Report January 2022 found that rents were up 17 percent year-on-year for the Gold Coast.
This high demand for rental property can also be seen by a decrease in days on market for listings. Nationally, the median days on market were recorded at a historic low of 21 days in December 2021, however the Gold Coast recorded only 14 days over the same period.
New listings dropped 27.2 percent nationally during the month of December 2021, the lowest number since April 2010, with the Gold Coast and central Queensland seeing a 10.8 percent decrease in listings.
Heavy demand for rental properties coupled with low interest rates shows that this is a prime opportunity for investors to meet the ongoing demand as the Gold Coast population increases. With more investors looking to purchase or develop on the coast, stock levels will most likely see a rise again in the coming year.
At Kollosche, we have a portfolio of prestige rentals available with plenty of demand as an upside for investors.
Some impressive properties we currently have for lease include, 2/21a Sunshine Boulevard, Broadbeach Waters – A three level luxury residence with a generous 340m2* of living space and rooftop entertaining terrace.
61 Blair Athol Crescent, Sorrento – A waterfront haven on a prime 938m2 block with stunning 270-degree skyline and expansive river views.
4/15a Vespa Crescent, Surfers Paradise – An exquisite four-bedroom waterfront villa with impressive skyline and Main River views that are worth waking up for.
Kollosche has kicked off the selling season for this year with some outstanding sales, 133 Hedges Avenue, Mermaid Beach sold in just 24 hours in an off market deal to a local family for $14,500,000. This is a record street price for a home on a single block in a sale by Michael Kollosche and Harry Kakavas.
We look forward to a successful and prosperous 2022 with our clients. Please do not hesitate to reach out to our Kollosche team with any of your real estate needs.