Central Queensland an outperformer for rents

Central Queensland an outperformer for rents

Posted on Tuesday, December 18 2012 at 9:53 AM

Rents in Gladstone, Mackay, Rockhampton, Emerald and Mount Isa trumped other regions and towns across the state in the 12-month period to June 2012, according to the latest Midwood Queensland Investment Report.

In this timeframe, Central
Queensland saw some big surges in residential rents, with Gladstone taking the
cake, the report states.

For one-bedroom flats, Gladstone
saw a 36 per cent increase in rents in the 12 months to the June quarter 2012,
while Emerald followed with a 21 per cent increase and Mackay with 14 per cent.

Two-bedroom flats saw an even
higher result for Gladstone rents, with a 40 per cent surge; Mackay and Emerald
followed behind with a 20 per cent increase, while Rockhampton saw a four per
cent jump.

Three-bedroom houses performed strongly
in the same 12-month period. Emerald saw the highest rent increase in this
category (44 per cent) across the four regional towns, and Gladstone (37 per
cent), Mackay (15 per cent) and Rockhampton (10 per cent) also saw good growth.

Finally, four-bedroom house
rents jumped significantly for Emerald in the 12-month timeframe (55 per cent),
followed by a 38 per cent surge in Gladstone, a 21 per cent climb in Mackay and
a 15 per cent lift in Rockhampton.

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