Investor’s paradise: 1120 Qld suburbs where rents surged up to 50pc
These are the Queensland suburbs where the best investment opportunities lie, with rents rising up to 50pc in the past year.
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The best Queensland suburbs to invest in have been revealed, with rents rising as much as 51 per cent in some areas over the past 12 months.
A suburb-by-suburb breakdown by PropTrack shows the Moreton Bay suburb of Wamuran recorded the biggest annual jump in median rent in the state, with tenants now paying $650 a week for a house compared to $430 a year ago.
Tenants in Brookfield are paying $1025 a week for a house — 41 per cent more than they were 12 months ago when the median rent was only $725.
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House rents in Clear Island Waters on the Gold Coast have climbed $400 a week in a year, jumping from $1100 to $1400.
A quick look on realestate.com.au reveals only four houses available for rent in Clear Island Waters and all are asking for $1400 or more a week.
The median house rent in Jacobs Well has surged 41.5 per cent in 12 months, but more than half of that rise occurred in the past quarter when it increased from $600 to $750 a week.
And in Broadbeach Waters, landlords are asking $100 more than they were three months ago, with the average rental property now commanding $1100 a week.
It now costs on average $880 a week to lease a house in the Logan suburb of Chambers Flat, where the median weekly house rent has skyrocketed by nearly 41 per cent in a year.
The popular Sunshine Coast suburb of Peregian Beach topped the state for the biggest jump in unit rents in the past 12 months, rising more than 41 per cent to $650 a week.
The median weekly unit rent in neighbouring Sunrise Beach has also jumped significantly in a year — up 29.1 per cent to $665.
In the past three months, weekly median rents have surged significantly in many suburbs.
Leading the list is the glitter strip suburb of Surfers Paradise, where weekly house rents rose 26.1 per cent to $1325 in the September quarter alone, closely followed by Jacobs Well (25 per cent).
Leasing a house in the Brisbane suburb of Graceville became 17 per cent more expensive in just the past three months.
Banyo in Brisbane’s north recorded the largest quarterly rise in the cost of leasing a unit, with the median unit rent surging 21 per cent to $440.