The latest RPData research shows that there has been a massive increase in Queensland rental properties listed in March 2011 as compared with March 2010. The properties listed for rent this March are 28,331compared with 23,139 last year. While it is harder to sell properties on the Coast at the moment and there is more on the market being sold, the supply of rental properties is also on the increase, especially on the Gold Coast. The high Aussie dollar and high unemployment is starting to have a detrimental impact on property. The good news is that properties are starting to sell again - all be it with some discounting - with some agencies reporting improved results and greater buyer enquiry. It is not across the board, but any improvement is positive news after the summer we have had.
What we want now is some innovation from our levels of Government to get things moving again on the employment front. Not long now 'til the next local and State Govt elections - should be very interesting to see who stands up to sort the mess out! You would think the emcumbents would be shaking the tree's to make something happen???
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