Gold Coast Rental Update: September 2023

Gold Coast September

The Gold Coast is experiencing a rental market boom, with demand soaring and vacancy rates plummeting to below 1%. Popular suburbs like Surfers Paradise and Broadbeach, among other iconic locations, have witnessed substantial rent increases in the past few months. This coastal haven, known for its enviable lifestyle, year-round warmth, and affordability compared to major cities, continues to attract homeowners looking to rent out their properties and renters seeking a piece of paradise. This blog will explore how Housemark Gold Coast can assist both landlords and tenants in this dynamic market.

The Gold Coast Rental Market Today

The Gold Coast has recently witnessed a surge in demand for rental properties, driving median rental prices higher in more than 97% of suburbs over the past year. The Gold Coast’s enviable lifestyle, year-round warm climate, and affordability compared to larger cities are just a few factors attracting individuals and families to call this place home.

Take three popular Gold Coast suburbs Surfers Paradise, Burleigh Heads and Southport as examples.

Surfers Paradise: Surfers Paradise has recorded a remarkable 62% increase in unit sales from April to May, proving more popular than ever. With a median rental price of $1,400/w as of September 2023, there are huge opportunities for home owners to rent their property. In fact, over the last 12 months, Surfers Paradise rental growth has seen a whopping 33.3% increase for homes.

Burleigh Heads: This coastal gem has also experienced a surge in demand, leading to higher rental prices. Its appeal lies in its proximity to the beach and vibrant lifestyle and entertainment options. Burleigh Heads has seen a 16.2% increase in rental price over the last 12 months with a median price of $987/w for homes.

Southport: Emerging from the shadows of Surfers Paradise, Southport is rapidly becoming an investor hotspot. With a median unit price of $505,000 and 764 sales over the past year, it boasts a remarkable vacancy rate of just 0.6% and a yield of 6.1%. Southport’s potential for investment is undeniable. Renters pay a median of $750/w across the suburb which represents a 10.3% increase over the last 12 months for homes.

I’m Looking To Rent on The Gold Coast, Help!

While prioritising landlords’ interests, Housemark is equally dedicated to fostering positive tenant-landlord relationships. There’s no denying that obtaining a rental in the Gold Coast is very tricky at the moment. If you’re looking to secure a rental property on the Gold Coast and are struggling to get your foot in the door, we’d be happy to assist in providing a few tips to help you prepare for the market. Housemark’s Associate Director Nicholas De Rosa and his team can assist you as much as possible.

Housemark: Your Partner in Maximising Rental Returns

Housemark Gold Coast goes beyond standard property management services. We take the time to understand your unique long-term investment goals thoroughly. Whether you aim for steady rental income, long-term capital growth, or both, our team tailors our services to align with your vision. This personalised approach ensures that your investment remains on the path to achieving your desired results.

We believe in maintaining and appreciating your property’s value over time. Our proactive property management approach ensures that maintenance and improvement needs are addressed promptly, ultimately securing a higher return on your investment. When you entrust your property to Housemark, you can rest assured that it will be treated as ours.

Housemark’s rigorous tenant screening process ensures that only high-quality tenants are placed on your property. This minimises the risk of issues down the road, offering peace of mind to landlords. Our thorough background checks and tenant selection criteria are designed to find responsible tenants who will take excellent care of your property and consistently pay rent on time.

Competitive Rents and Reduced Time on the Market

Gold Coast properties managed by Housemark consistently achieve higher rental rates. Our in-depth understanding of the local rental market enables us to set competitive rents that attract quality tenants. Additionally, our efficient marketing strategies and swift tenant turnover procedures minimise the time your property spends on the market, ensuring a steady stream of rental income.

Housemark Gold Coast is at the forefront of redefining property management in this high-demand market. Our exclusive focus on property management provides unparalleled service to landlords and tenants. The Gold Coast’s rental market is thriving, and Housemark Gold Coast is your trusted partner to navigate and excel in this dynamic landscape. Whether you’re an investor looking to maximise your returns or a tenant seeking a quality living experience, Housemark Gold Coast is here to help.

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