Skip to content
Property Real Estate

THE HARDEST postcodes to find a rental

MCG Quantity Surveyors 2 mins read
Mackay QLD

THE HARDEST postcodes to find a rental

For immediate release.

January 9th, 2023

MCG Quantity Surveyors' latest data reveals an acute shortage in rental listings across Australia, significantly impacting renters, especially during the holiday season, while simultaneously presenting investment opportunities.

According to Mike Mortlock, Managing Director of MCG Quantity Surveyors, "The December data paints a stark picture for the Australian rental market. In areas like Greater Sydney and Regional NSW, we're seeing a significant crunch in available rentals, putting immense pressure on renters."

The data indicates severe shortages in specific regions. In Greater Sydney, areas like Sutherland - Menai - Heathcote (2225) reported only one rental listing, despite having a substantial number of private rentals. This trend is mirrored in regions like Clarence Valley (2466) and Armidale (2365) in Regional NSW, where the rental market is similarly constrained.

"Regions like Greater Melbourne and Greater Brisbane, which traditionally have robust rental markets, are showing an alarming decrease in rental listings," Mortlock notes. "This scarcity, though a hardship for renters, presents a unique opportunity for investors, especially with the potential shift in interest rates in 2024."

In Melbourne, places like the Yarra Ranges (3158) and in Brisbane, areas such as Ipswich Hinterland (4310), are experiencing significant rental shortages. This pattern extends to Regional VIC and Regional QLD, highlighting a nationwide issue.

Mortlock adds, "Our analysis reveals that while renters in areas such as Regional VIC and Regional QLD are facing tough times, investors could play a key role in easing these pressures. By entering these markets, investors can help increase the availability of rental properties, creating a win-win situation for both the rental community and themselves."

This situation presents an opportune moment for investors to contribute positively to the market, not only for financial gains but also to improve rental availability in under-served areas. The improvement in rental yields and the potential for stable or declining interest rates in 2024 make these markets particularly attractive for investment.

MCG Quantity Surveyors calls for a balanced approach to the housing market, considering both the immediate needs of renters and the long-term potential for investors. Addressing these dual aspects will be key to the health and sustainability of the Australian rental market in the coming year.

For more information, please contact:

Mike Mortlock | Managing Director MAIQS

t.0409 956 797


More from this category

  • General News, Property Real Estate
  • 14/06/2024
  • 11:30
City of Sydney

Stricter controls on short-term rentals needed

The City of Sydney has called on the NSW Government introduce a number of measures to curb the growth of residential short-term rental accommodation,…

  • Contains:
  • Building Construction, Property Real Estate
  • 13/06/2024
  • 10:37
Willoughby City Council

Willoughby Council secures twenty-five new homes for key workers

Willoughby City Council has new affordable homes for key workers following completion of a development on the site of the former Channel 9 building in Willoughby. Working in partnership with Evolve Housing, Willoughby is offering 13 brand new homes to key workers living and/or working in the local government area on low to medium incomes – including retail workers, nurses, school teachers, and emergency services staff – at 20% less than the median monthly rent. An additional 12 units on the same site will be available from August 2024, bringing the Council’s total affordable housing portfolio to 62 units. The…

  • Property Real Estate
  • 12/06/2024
  • 14:51
Mountain Assets

Mountain Assets and Sumo Partner to Launch New SDA Investment Project in Bundaberg

BUNDABERG, Australia, June 12, 2024 (GLOBE NEWSWIRE) -- Mountain Assets, in partnership with Sumo Managed Funds, is excited to announce the launch of a new investment opportunity with the Sumo NDIS Q.2 Fund, focused on developing Specialist Disability Accommodation (SDA) in the vibrant region of Bundaberg. This venture marks the second collaborative effort between Mountain Assets and Sumo, following their successful fundraising for the Cranbourne project.Project OverviewThe Sumo NDIS Q.2 Fund aims to raise up to $6,400,000 to develop a premier SDA housing project in central Bundaberg. The project will be executed in two stages:Stage 1: Construction of three houses,…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.