Va­can­cies lead to fall­ing rents

Chinchilla News - - FRONT PAGE -

WITH an al­most un­prece­dented num­ber of empty homes lin­ing Chin­chilla’s streets, renters have never had so much power.

Some rents have fallen from $600 to $400 in the past 12 months.

While some have wor­ried the 18% va­cancy rate might mean the min­ing boom has gone bust, real es­tate agents said the next in­flux of work­ers was not far off.

Read our spe­cial re­port on page 5 to find out how your town is far­ing in the cur­rent real es­tate mar­ket and how you might ben­e­fit.

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