Vacancies lead to falling rents
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.