Toowoomba’s vacancy rate confirms strong rental market

RACHEL Skuse, head of residential property management at Colliers Toowoomba says 2018 has seen a more positive rental market for the region.

“This has been helped with the Second Range Crossing in its final stages, Wellcamp Airport and the new Grand Central Shopping Centre all these having a positive effect on the community,” Mrs Skuse said

“The community can now see how Toowoomba is growing and the benefits of living in the Garden City.

“The current Toowoomba market is sitting around 2.2 per cent vacancy rate (which represents a very strong market with good demand) and available for rent at 4.1 per cent.

“With over 70 per cent of households being families and over 56 per cent of houses having two cars, our suggestion for investors is to buy property with a three-bedroom minimum and two-car accommodation.

Mrs Skuse said that if you are a tenant, rental property owner or property manager, the Queensland Government is opening the door to renting reform, and invites you to

share your ideas about renting in Queensland.

“You can have your say by completing a short online survey or by visiting a community consultation event,” she said.

Your feedback will help inform a review of the Residential Tenancies and Rooming Accommodation Act

2008, and help shape the future of renting in Queensland, ensuring better protection for tenants and property owners.

The Open Doors to Renting Reform consultation is being undertaken by the Department of Housing and Public Works, together with the Residential Tenancies Authority (RTA).

“This is your chance to comment on a wide range of topics related to renting, such as looking for a property, finding tenants, bond payments, rent payments and increases, renting with pets, requesting or organising maintenance and repairs, breaking leases and more,” Mrs Skuse said.

The Queensland Government is casting the net wide to listen to the challenges and opportunities with renting, and understanding the issues across the state throughout the ‘looking, leasing, living, leaving’ rental cycle. Have your say about renting in Queensland by completing the online survey at www.qld.gov.au/rentinginqld or visit the website for information on community consultation booths.