Leasing Options Open Up
March 25 2022
Those looking to lease a home on the Gold Coast may finally start to see some light in coming months as the tightest rental market the city has ever seen shows early signs of easing.
Katie Dalton, Kollosche Business Development Manager – Property Management, notes a slight uptick in properties listed for lease across the Gold Coast.
“This is good news for those who’ve been struggling to find a rental on the Gold Coast,” says Katie. “A small increase in listings suggests tenants are moving about and exploring their options, particularly in that sub $1000 per week range.”
Residential vacancy rates across the Gold Coast dropped from 10% in May 2020 to 0.6% by February 2022, according to the REIQ. That last figure suggests there is still some way to go before the market recovers – a vacancy rate of between 2.6% and 3.5% is considered healthy.
Mass interstate migration to regional areas during the height of the Covid pandemic placed considerable strain on the Gold Coast rental market, as did the rise in flexible work arrangements and sales of rental properties to owner occupiers.
As Kollosche Property Management is bracing for a busy month ahead when the team welcomes a number of new tenants into prestige properties ahead of Easter, Katie notes an improvement in the availability of luxury apartments, both furnished and unfurnished.
“We’ve got a great mix of properties for lease from Surfers Paradise to Palm Beach,” says Katie. “Those range from beachside apartments to fully furnished homes, which can be an ideal stop-gap for those needing a beautiful place to call home between selling and buying.”
Reach out to Kollosche Property Management if we can help you to find a home to lease that matches your needs or if you are considering leasing your Gold Coast property.
Katie and the team are here to help.