Demand remains strong for rental property in Broadbeach
Deciding to make an investment in rental property in Broadbeach isn't something that can be taken lightly, although the latest analysis of the market suggests there should be reason for optimism.
The Real Estate Institute of Queensland (REIQ) revealed how demand for rentals is especially strong across the state, as the level of demand outstrips the availability of property.
"On the Gold Coast, rental conditions remain tight with a vacancy rate of 1.9 per cent at the end of September, with median weekly rents remaining stable over the September quarter," revealed CEO of the REIQ Antonia Mercorella.
Only four out of the 16 major regions across Queensland witnessed a significant shift in vacancy rates, leading the group to suggest two-tier conditions are starting to emerge.
Conditions are tight because of the rising population the state is experiencing, as well as a lack of activity among investors.
As a result, you might discover it's easier than you think to find a property to rent in the region, especially if fewer investors are making the same move.
If you could do with a hand navigating the Gold Coast market, make sure you get in touch with the experienced team at Ray White Broadbeach.