If you have felt the rental market heating up again, you’re not imagining it.

Regional markets are still doing the heavy lifting on rents ahead of our capital cities. The latest figures from Cotality show that regional rents have risen 5.6 per cent over the past 12 months, comfortably ahead of the combined capitals’ 3 per cent shift.

The gap represents people’s continued desire for lifestyle locations where employment, infrastructure and amenities are part of the deal.

On the Gold Coast, median asking rents are pushing higher, climbing 5.1 per cent over the past 12 months to see apartments hit a median weekly rent of $725. For houses the shift has been less pronounced, but still positive, with the median asking rent rising 1.9 per cent to $810 a week.

FOR LEASE: 1525 Riverdale Drive, Hope Island, $11,000 per week

Tight vacancy rates are still a key driver of this upward trend. The Real Estate Institute of Queensland’s June quarter vacancy rate for the Gold Coast was just 1.3 per cent, well below its prescribed “healthy” range and up only modestly from earlier in the year.

This highlights a severe lack of rental supply and reinforces how little slack exists within the rental system.

For investors, these numbers are compelling, with Cotality reporting median rental yields on the Gold Coast sitting at 3.6 per cent for houses and 4.5 per cent for apartments.

For those looking for a rental, Kollosche’s leasing division has something to suit all budgets, having recently expanded its rent roll to an impressive 700 properties under management.

FOR LEASE: 1103/272 Hedges Avenue, Mermaid Beach, $3,000 per week

Stock ranges from $550 a week for a one-bedroom apartment in an original building in Broadbeach up to $11,000 a week for a Mediterranean-inspired mansion on a private waterfront peninsula in Hope Island’s Rosebank Gardens Estate.

According to Todd Madgwick, Kollosche’s head of property management, quality, well-presented homes are leasing fastest with rental appraisals trending higher than a year ago, particularly for family houses in good school catchments and larger, turn-key apartments with strong amenities.

He said the warmer weather was also spurring enquiry ahead of the busy summer holiday period.

“We are definitely experiencing the traditional spring market shift, with a rise in enquiries and more people attending open homes,” Todd says.

“A lot of people like to be settled, or at least have a property secured, before the height of the summer holiday period.”

FOR LEASE: 7/13 Surf Parade, Broadbeach, $750 per week (Grace, can you crop this image to be like this? You’ll see it has a signboard etc in the original online.)

With the recent rent roll acquisition, Kollosche has an increased pipeline of stock to meet the rising demand.

“We have also expanded our team, with more than 17 people dedicate to servicing tenants and the investor market,” Todd says.

If you are prospective tenant, investor, or landlord seeking advice on how to optimise your rental yield, Kollosche’s team of property management professionals are here to help.

Reach out to the team today, alternatively, search our current vacancies.