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Money Landlords licking lips as rental crisis set to spiral out-of-control

16:57  12 november  2017
16:57  12 november  2017 Source:   msn.com

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Gold Coast landlords are licking their lips as a major rental crisis is set to spiral out - of - control , experts have warned. Prospective tenants are resorting to desperate tactics to secure homes, including paying up to 12 months' rent in advance, according to REIQ Gold Coast chairman John

5x New rental managements listed this week, all with open homes set for this weekend. Thank you to our amazing new clients for trusting us with the management of their investments. Landlords licking lips as rental crisis set to spiral out - of - control .

Gold Coast landlords are licking their lips as a major rental crisis is set to spiral out-of-control, experts have warned.

Prospective tenants are resorting to desperate tactics to secure homes, including paying up to 12 months' rent in advance, according to REIQ Gold Coast chairman John Newlands.

Data shows vacancy rates on the glitter strip are among the lowest in Queensland, with 1.9% of rental homes unoccupied, compared to 3.6% in Brisbane.

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Gold Coast landlords are licking their lips as a major rental crisis is set to spiral out - of - control , experts have warned. Prospective tenants are resorting to desperate tactics to secure homes, including paying up to 12 months' rent in advance, according to REIQ Gold Coast chairman John

Read more Landlords licking lips as rental crisis set to spiral out - of - control Gold Coast landlords are licking their lips REIQ says Queensland Greens rental policy would ‘decimate’ rights of landlords The state’s real estate industry body has hit out at the Greens for a recently unveiled

"There are a lot of roads, infrastructure being built, a lot of building that's there and also the tourism has rebounded aswell," Mr Newlands said.

Developer Danny Andrews, who has just opened the 15-storey Allegra tower in Southport, said he had been inundated with applications even before Saturday's official opening.

"In the first week we've received over 200 enquiries and we've never had that on any of our previous projects," he said.

And the crisis is tipped to worsen in the lead up to next year's Commonwealth Games, according to Karen Hall of Breakwater Property Group.

"Time is of the essence," she said.

"Everybody wants to just get that property, so it is about having the availability and the dollars to throw at it straight away."

SES centre reduced to half capacity during SA blackout, leaked report reveals .
The reliability of the State Emergency Service control centre in South Australia is under question after a leaked report claims it is only a matter of time until it fails during a significant event.The internal SES report into last year's state-wide blackout revealed the centre's back-up generators did not provide adequate power during the crisis.

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