Sunshine Coast rental housing figures revealed

December 11, 2017 by  

Many families have been having a difficult time finding affordable rental housing in the Sunshine Coast, with some of them searching to up to six months for a suitable place to settle in.

According to the national Rental Affordability Index, the Sunshine Coast has been ranked among the least affordable rental areas for people with average incomes of around $65,000 per year. The lobby group National Shelter, which put together the index has revealed that around 1.3 million Australian families are suffering from housing stress, meaning that more than a third of the family’s income is used on paying rent. A quick search on rental property listings for the area will prove that it is very hard for those with average incomers to rent an affordable house.

One of the expensive rental suburbs – Noosa Heads, has the cheapest rental house requiring $700 per week, which is largely unaffordable for those with a less than $80,000 annual income.

According to the Real Estate Institute of Queensland (REIQ), the Sunshine Coast has only had a rental vacancy of merely 1% over the previous five years.

It may be a good idea to collect some business cards of real estate agents in the area, so that people have someone familiar to contact when in need of a rental home of a suitable price and location in today’s competitive market.