What tightening vacancy rates mean for landlords

Landlords are expected to be the winners of tightening vacancy rates across Queensland.

According to data released by the Real Estate Institute of Queensland (REIQ), tight vacancy rates are spreading across Queensland bringing the oversupply of rentals period to a close.

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For those landlords who held out during this time, they will be the winners with regional areas experiencing rent rises for the first time in many years.

With a very high rental population and post COVID-19 migration expected to put more demand on Queensland rentals this means a competitive, limited supply that is advantageous for landowners.

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For many landlords, who perhaps had to drop their rental prices or negotiated reduced rates during COVID-19, they are now being rewarded.

Do you own a rental property? Talk to us about how to get the best rental return for your property. Call (07) 4829 4816.