Katie Boulter is one of many renters winning from the current rental market conditions in Rockhampton
Katie Boulter is one of many renters winning from the current rental market conditions in Rockhampton Sharyn O'Neill

Renters are really big winners in Rockhampton right now

ROCKHAMPTON renters like Katie Boulter are on a winner as prices drop and more places become available.

Katie has plenty of options as she starts looking for a new rental.

House rents dropped 8% last year to $380 (median) a week and the rental vacancy rate rose to 7% for the December quarter, climbing from 4.7% in the previous quarter.

Currently, the 20-year-old lives in a three-bedroom home at Berserker which costs $280 a week.

With prices down, she can choose whether to live on her own, or with flatmates.

"There's a lot out there," Katie said.

"But when I'm looking for a place, it just needs to be affordable and suitable for me.

"I am looking for something a bit smaller than what I have and have already started to look around.

"There's heaps (of rentals) out there... it's easier to share because you can always get a nicer place and then split the cost."

Vacancy rates have eased across the state, according to a new survey from the Real Estate Institute of Queensland.

REIQ chairman Rob Honeycombe said there was activity across the real estate spectrum.

"Now while the sales market returns to healthy levels of activity, after a period of subdued volumes, the rental market is experiencing a slight easing," Mr Honeycombe said.

"This follows a long period of tight rental conditions.

"The rental market is also cyclical. January and February are the peak periods of demand."

While Rockhampton's weekly rent prices dropped $30 last year, in mining dependent centres like Mackay, they fell 19%, and plunged a whopping 33% in the Isaac region.



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