Coast rentals good for battlers
IT'S renters' heaven on the Fraser Coast.
The latest quarterly rent statistics from the Residential Tenancy Authority show it's cheaper to rent a two-bedroom unit in Hervey Bay than it was a year ago.
And while the two-bedders are on average $10 cheaper than last year, the cost of renting a Bay two-bedroom and three-bedroom house has only gone up by $5 over three years.
“This is very interesting,” local Real Estate Institute of Queensland chair Linda Bland said yesterday.
“In Hervey Bay all the rental types have either stayed the same over the past 12 months or gone up, except for one- and two-bedroom units.
“And they've gone down by $5 to $10 a week on average.
“This may be due to the considerable over-supply of units we have in the Bay and with that over-supply continuing for some time, the news is excellent for tenants.”
Ms Bland said that while the Bay was “really affordable”, Maryborough is “still affordable but bucking the trend”.
“The average rent for a two-bedroom unit there is $180 and that's $20 more than it was in 2009.
“Three-bedroom houses in Maryborough have gone up by just $15 in three years.”
Three times as many units are rented in the Bay in the June quarter 2010. The Fraser Coast is looking particularly good when lined up against Bundaberg, Gympie and the Sunshine Coast.
One-bedroom flats in those centres are $175, $175 and $225 respectively. In Hervey Bay a one-bedder is $135 and in Maryborough $140.
Two-bedroom flats in the three centres run at $205, $170 and $300.
Three-bedroom homes in the three centres are $260, $250 and $370.
For a four-bedroom house, you'll pay a weekly rent of $315 in Bundaberg, $300 in Gympie and $430 on the Sunshine Coast.
“Overall the rentals across this region are good news for those on Struggle Street,” Ms Bland said.