Rent hits $3300 a week in mining town
The rental market has officially gone crazy with rents doubling over the past six to 12 months, leaving some Moranbah tenants paying more than $3000 a week.
Real estate agents say many tenants renewing leases have discovered their rent has doubled, and now range from $1400 to $3300 a week.
Yesterday, there were a few Moranbah homes advertised around $1800 a week. All were basic three-bedroom, one-bathroom homes.
Meanwhile, a rental fetching the same price on the Gold Coast was listed as a "majestic main river mansion".
It was a fully-furnished five-bedroom, five-bathroom two-storey home with marble floors, high ceilings and "an amazing main river view".
The hike in rents at Moranbah has led to moves to Mackay, putting increased pressure on its rental market, according to LJ Hooker Moranbah agent Craig Aitcheson.
He said many Moranbah homes were previously $750 a week.