Investors blamed for tight Queensland rental market

By |

Low investor participation is seeing vacancy rates in Queensland tighten.

The REIQ has reported vacancy rates in Queensland have fallen in the September quarter. The organisation said five local government areas in the state recorded a vacancy rate of less than 2% in September, up from just two at the end of June.

REIG managing director Dan Molloy said weak investor participation was behind the tightening vacancy rates.

"“The number of investors in Queensland continues to be below historical averages. What this means is that there is not the usual number of investment properties being added to the overall rental pool, which is putting a strain on supply," Molloy said.

Molloy expressed optimism that the Reserve Bank rate cut, along with soft property prices, could begin to woo investors back. However, Molloy indicated many renters are unwilling to move into the property market, further exacerbating the state's low vacancy rates.

"Many renters are also opting to stay put, perhaps due to the ongoing economic uncertainty, which is also have an impact on supply," Molloy said.

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Top Suburbs : toowong , canterbury , alexandra hills , newtown , midland

go back

Get help with your investment property

Do you need help finding the right loan for your investment?

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here