Cairns region a tough market for renters
RENTAL vacancy rates are very tight in the Cairns region.
The latest REIQ residential rental vacancy rate survey results showed the vacancy rate in ‘‘the Cairns region’’ is 1.6 per cent as of last September, which is slight lower than the same month a year previously.
Anthing less than a vacancy rate of3 per cent is regarded as ‘‘tight’’.
At the end of September this year, the divide in rental market conditions between the resource and non-resource regions of Queensland continued, according to the latest Real Estate Institute of Queensland (REIQ) data.
The latest REIQ residential rental vacancy rate survey results showed demand within South East Queensland remaining strong, with most markets posting a 2.5 per cent or less rate of vacancy.