WATCH: 24 June, 2022 Whitsunday Weekly E-News

Annette Neil from PRD Whitsunday.

This week I want to touch on something that's a hot topic at the moment across our nation and that is the lack of housing. It does not discriminate based on where you are or what you do for a job, everyone is in the same boat. Statistics from the Residential Tenancies Authority (RTA) on the number of bonds being held for postcodes: 4800 & 4802 . As at the end of the March quarter this year, when you compare it to the March quarter last year, we are down 266 bonds for our area. To put some context to that, that's about a 10% reduction on the 2600 bonds that the RTA hold which means a 10% reduction on the rental properties in our market place.

To add to that the influx of people who have moved to the area, you can start to understand why things are as tight as they are. The majority in our case, in our office the sales we have seen of rental properties have been sold to owner occupiers, which are taking those properties out of the rental market and putting further pressure with decreased number of properties available.

What's the answer to this housing crisis? I don't know if there is a simple answer.

Also below this video this week you will find our latest quarterly report on the investor market, so handy for tenants and landlords are like, to give you a snapshot of our market place and provide you with plenty of information. PRD Whitsundays Investment Report Q1 2022.pdf