Landlord Market Update

It is no secret that rental property demand has surged on the Sunshine Coast. Properties are leasing within days of hitting the market or often prior to the first inspection. With unprecedented numbers of tenants applying for properties landlords are being spoiled for choice when leasing their property and are seeing increased returns with both new tenancies and lease renewals. Typically at the end of the summer season we would expect to see a reduction in enquiry and applications however with our vacancy rate sitting at 0.3% we see no signs of the rental market slowing in the short term.

Historically national investor demand has been very much focused on inner city areas however recent reports from
Real estate.com and CoreLogic have revealed some dramatic changes in the locations of interest, between Jan 2020
and Jan 2021. The Sunshine coast has been the second highest region nationally for residential investment. All
indications are that demand will remain strong in regional areas with the potential upswing in investor interest
resulting from the increase in regional migration. These reports are supported by the activity we are seeing at the coal
face with new investors both local and interstate entering the market.

With these changes in market conditions now is a good time to get an updated sales and rental appraisal for your investment properties if you would like an updated report on your property in the current market or any real estate advice please contact us today and one of our team will be glad to help info@defineproperty.com.au or 07 5478 2477.

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