Rent crisis hits home
A RENTAL crisis is looming in Rockhampton as vacancy rates hit record lows.
Some people are waiting months to find a suit- able property in a market described by agents as the tightest they have seen.
In some price ranges there is nothing available. The situation is so bad that 70 overseas stu- dents at the Central Queensland University have been forced into sharing cramped emergency ac- commodation as staff desperately try to find them lodgings close to the university.
The latest official rent figures from June show a vacancy rate of 2.1% (houses and units com- bined) but yesterday three leading property agents reported rates of about 1%.
Today's Morning Bulletin has the full story.