The Gold Coast’s successful bid to host the 2018 Commonwealth Games has boosted confidence and drastically improved sentiment in the December quarter of 2011.
A soft homebuyer market has increased pressure on the rental market, resulting in higher rents across the entire country
Median weekly asking rents for houses increased by 1.1 per cent in the December quarter
Brisbane and Perth had healthy jumps, increasing by 2.7 per cent and 2.6 per cent respectively,
Increasing competition for properties, particularly from homebuyers unable or unwilling to enter the property market has resulted in rising rental prices
Landlords have capitalised on the high competition in the marketplace and are charging a premium for their properties.
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