New data reveals dire state of Gold Coast rental market

A real-life hunger games appears to be unfolding across the Gold Coast, with the battle to find a rental property getting even harder.

New data out today has revealed the city’s vacancy rate barely improved in the last quarter, rising by just 0.03 per cent.

It means the vacancy rate on the Gold Coast now sits at 0.85 per cent, which is the third lowest in the country behind Perth (0.76%) and Adelaide (0.78%).

According to PropTrack, the national vacancy rate declined 0.04 percentage points in January to 1.09 per cent.

The tightening comes after more than 32,255 interstate migrants flocked to the sunshine state in 2022/23, with Queensland’s population increasing by more than 138,000 people during the same period.