There is a strong market for investors who want to rent property in Rockhampton at the moment, despite some areas of Queensland still experiencing mixed fortunes, the latest data shows.
Figures from the Real Estate Institute of Queensland (REIQ) reveal that the residential vacancy rate in March varied across the country – although Rockhampton was one of the standout performers.
The city and its surrounding area saw a vacancy rate of 2.7 per cent in March, which was the same figure recorded in December last year.
This led the REIQ to identify the Rockhampton rental market as healthy at a time when many other regions were struggling.
Chief executive officer of the body Anton Kardash explained that some areas are greatly affected by the resources sector, with their rental markets relying on demand from workers coming into their region to help with major projects.
"Mackay and Gladstone both recorded significant increases in vacancy rates as at the end of March due to less demand for rental properties from mining companies, and an element of increases in the supply of rental stock," he commented.
However, Rockhampton has been acknowledged as having a steady vacancy trend that many investors will no doubt be keen to make the most of.
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