Virtually Nowhere To Go As Queensland’s Vacancy Rates Plateau
Contributed By: Claire Ryan - REIQ on
It comes as no surprise that Queensland’s tight residential vacancy rates have not shown any substantial signs of easing over the September quarter 2022, according to the Real Estate Institute of Queensland’s (REIQ) latest report released today. At the Queensland Housing Summit held last month, which highlighted the serious housing supply shortage plaguing the state, stakeholders conceded that there was no silver bullet that would solve the housing crisis overnight. Vacancy rates are an indication of the percentage of properties that come onto the market to rent, and according to the REIQ, a healthy vacancy rate sits between 2.6 – 3.5 percent. In many partsRead More →