Luxury Rental Demand Booms
October 29 2021
October 29 2021
The demand for prestige rentals has never been hotter on the Gold Coast. Luxury beachfront apartments, waterfront properties, hinterland acreages with breathtaking views and the perfect family home are all on the list for both local and interstate tenants.
The Domain Rent Report for the September 2021 quarter revealed that the rent for Gold Coast housing rose five percent over the past three months to $630 per week, while unit rentals reached $500 per week.
Interstate migration has been at the forefront of property demand, and with it, we are seeing the strongest recorded rate of annual growth for housing rentals since records began in 2004 with a 22.9 percent growth. Rent for units also saw a 13.6 percent increase over the year, the highest since 2007.
With more Australians on the hunt for high-quality homes to lease on the Gold Coast, investing your property to rent has never been better.
Katie Dalton, Kollosche Business Development Manager for executive leasing, says we continue to see the highest enquiry for family homes.
“Family homes, in locations from Main Beach to Palm Beach which are close to private schools and the beach are our most requested,” she says.
Katie believes it’s an excellent time for investors right now as there is so much demand for quality homes to lease.
“There is a big upside for landlords in the current market and many benefits for investors to make a good return on their investments.”
At Kollosche, we have a portfolio of prestige rentals available with plenty of demand as an upside for investors.
Some of the most impressive properties we currently have for lease include 3535 Main Beach Parade, Main Beach, a four-level, prime beachfront, Hamptons style home with breathtaking ocean views.
143 Monaco Street, Broadbeach Waters a flawless family haven on one of the most sought-after streets on the Gold Coast.
48b Paradise Island Drive, Surfers Paradise nestled in the heart of Surfers yet tucked away from the hustle and bustle, showcasing Main River and Gold Coast skyline views.
We have seen some quality auctions in the recent weeks at Kollosche, with 10/405 Golden Four Drive, Tugun selling for $3,240,000 after a battle between 12 registered bidders. While 138 Cypress Terrace, Palm Beach went under the hammer for $3,321,000 with heavy competition from 10 registered bidders – both sales by Troy Dowker
77 The Promenade, Isle of Capri saw 12 registered bidders hoping to secure the trophy estate on Main River. An exciting auction saw 85 bids before the property was sold under the hammer for $9,501,000 in a sale by Michael Kollosche and Eddie Wardale.
Brad Coyne and his team had a fantastic auction result at 64 Montevideo Drive, Clear Island Waters. The property experienced high demand from 16 registered bidders selling to a local family for $2,830,000.
Please don’t hesitate to reach out to our Kollosche team with any of your real estate needs.