The demand for vacant rental properties is as strong as ever with the REIQ announcing that the current rental vacancy rate is at a tight 1% with an oversupply of tenancy applicants.
For investors coming into the market it is an extremely low risk time to buy residential property as the interest rates are low, the vacancy is low and rents are strong. People relocating from other states for employment and lifestyle reason are both factors influencing rental demand.
But there is hope for the future of development on the Coast with the development of the Maroochydore City Centre. This project is one of the most exciting game changing developments for the region. The massive project which will be delivered over the next 25 years will provide a mix or residential, commercial, retail, civic and community uses to develop a thriving and vibrant business district and city centre.
Saturday Auctions
This Saturday all eyes will be on 60 Toolga St, Mount Coolum which will be going under the hammer at 9am.
The beauty of the morning sun will make this huge home glow for the right buyer. With two levels, four bedrooms, study and two bathrooms included in a useful dual living zones this house is perfect for the growing family.
The property will open from 8.30am.