The latest Real Estate Institute of Queensland (REIQ) rental vacancy figures confirm that Queensland’s rental market is in crisis.
The REIQ September quarter figures show people across the state – from the inner and outer suburbs of Brisbane, Maryborough and Gladstone to the southern Darling Downs, Townsville and Rockhampton – are struggling to find rental accommodation.
“With an additional 1,200 people coming to the Sunshine State from interstate or overseas every week, there are simply not enough houses to accommodate everyone,” Mr McGrath said.
“Demand is one of the key drivers of higher rents and this trend is likely to continue with Queensland’s population and resources boom not showing any signs of abating.”
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