Houses for rent on the Gold Coast are in high demand, but they can be expensive, too. The shortage of rental properties in the area has led to desperate renters sleeping in their cars or caravans. Some are even willing to pay more than the asking rent to get the right property. If you’re considering renting a property on the Gold Coast, you should know the market’s latest statistics.
The Gold Coast housing market is experiencing unprecedented growth, and rental rates have doubled in some suburbs in the past year alone. The city is still growing, which means that there are fewer homes for sale. In fact, rental prices have barely kept up with demand, and there are few houses available for sale.
The median asking price for a three-bedroom house on the Gold Coast has increased by 21.7 per cent year-on-year, and for a two-bedroom unit in the same location, the rent has increased by 19 per cent. Meanwhile, the price of a two-bedroom unit on the southern Gold Coast is about $645, making it one of the most expensive cities in Australia for renting a property.
Renting a house in the Gold Coast can be a cost-effective way to experience a beach-side lifestyle. Unlike other areas of Australia, the Gold Coast has a low unemployment rate, making it a safe place to rent a house. However, you should be aware that prices could go up substantially in the coming year, so be prepared to pay a premium for your rental property. When you’re planning a vacation in the Gold Coast, it’s important to choose a home near the beach for your holiday.
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