Gold Coast rental squeeze eases

Renting on the Gold Coast has become slightly easier in the last three months with an increase in vacancy rates.

But economists warn the market is still tight.

According to figures from Real Estate Institute Queensland (REIQ), the vacancy rate on the Gold Coast was sitting at 2 per cent in June.


That’s up from 1.1 per cent in March.

The REIQ figures come after figures from SQM Research released earlier this  month had the Gold Coast vacancy rate rising to 2.8 per cent.

Experts say the increase in vacancy rates is likely due to the post-Commonwealth Games period, which saw hundreds of temporary residents leave the city after the event wrapped up.

Rental vacancies in the Brisbane Local Government Area have decreased in the last three months, falling from 3.1 per cent in March to 2.3 per cent in June.

The rental market in Logan has also tightened with vacancies falling from 2 per cent to 1.9 per cent.