Yes, the Gold Coast is currently one of Australia’s most active and competitive rent roll markets. Here’s why:
🔥 Rent Roll Market Activity
The Gold Coast leads Queensland in rent roll valuations, with consistently high multiples achieved for quality portfolios. Despite pressure on management fee percentages, demand remains strong, and transaction volumes are steady.
📈 Rental Prices and Growth
-
As of September 2024, the average weekly rent on the Gold Coast was $949 for houses and $780 for units.
-
From June 2020 to June 2024, rents increased by approximately $363 per week across houses and units combined, marking one of the steepest rises nationally.
-
In December 2024, the median rent for a house was $850 per week, and $680 for a unit, surpassing rents in Brisbane and Melbourne.
🏘️ Market Drivers
-
Population Growth: Strong interstate migration has fueled demand for rental properties.
-
Low Vacancy Rates: As of August 2024, the residential rental vacancy rate was 1.5%, indicating a tight rental market.
-
High Rental Yields: The combination of rising rents and property values has resulted in attractive rental yields for investors.
📊 Summary
The Gold Coast’s rent roll market is characterized by high demand, strong rental growth, and attractive investment returns. These factors contribute to its status as one of Australia’s most active rent roll markets.
