Caloundra Boasts Lowest Vacancy Rates on the Sunshine Coast
Caloundra landlords are rejoicing as the suburb tops the list as the most coveted spot for renters with a 0.6% vacancy rate as released by the REIQ in their recent report. In fact, a rental can be listed and approved within 24 hours, indicating how popular the suburb has become over the last 12 months.
In comparison, the Sunshine Coast overall posted a 1.4% vacancy rate while Brisbane and the surrounds sit at 2%.
The REIQ’s September quarter vacancy rates show an overall tightening of most rental markets throughout regional Queensland as employment opportunities continue to attract workers.
What advice do the Stockdale & Leggo Caloundra Property Management team have for potential tenants attempting to secure a rental in Caloundra?
- Don’t give up. Persistence is key in this situation. 99% of people will give up so if you’re in the 1% who are happy to keep trying, you’re the most likely to secure a rental.
- Reach out and build a relationship with local Property Manager’s who will keep you informed of new rentals prior to listing on the market.
- Don’t put all your eggs in one basket. Have a second option in terms of other suburbs you’d be happy to live in.
Business Manager of Stockdale & Leggo Caloundra, Kathy Stroud, believes that this is an ideal time for investors to capitalise on the market as rentals are being snapped up in some cases, on the same day.
“It’s really a Landlord's market here in Caloundra at the moment with many rentals being listed and applied for within mere hours,” she said.
“Landlords are spoilt for choice and have many applications to choose from when deciding who to rent their property to.”
Caloundra, Caloundra West, Golden Beach and Birtinya are particularly popular with the school and access to fabulous local amenities being a huge drawcard.
If you’re in need of some assistance with adding to your investment portfolio or managing your current properties, please contact our experienced team on [email protected] or (07) 5491 6544.