Rigger fears rent crisis to worsen
YAAMBA'S Ross Cooze fears Rockhampton's rental squeeze is going to get even tighter.
The veteran construction rigger, who works at the Lake Vermont mine, is seeing first-hand the impact Central Queensland's booming resources sector is having on regional centres like Rockhampton.
New figures show rental vacancies in Rockhampton were almost half in September compared to the previous September.
It confirmed what rental agents have been saying in recent times.
"It's guaranteed mate, rentals are going to get tighter and tighter," Ross said yesterday. "Every day you hear of a new mine coming up, half the time you don't know where they are."
Ross, who has worked for the past 20 years at CQ mines, said he'd found his perfect place at Yaamba having lived in Gladstone, Emerald and Rocky.
"There's one pub and one shop in town, I'm 20km out of Rocky and the area is rural," Ross said.
Figures released yesterday by the Real Estate Institute of Queensland showed Central Queensland mining areas had evidence of demand far outstripping supply.
This was mostly due to multi-billion dollar projects attracting thousands of new residents.
The vacancy rate in Gladstone in September was 0.7% while Rockhampton's vacancy rate was 1.2% compared to September 2010, which was 2.3%.
Bundaberg is beginning to reap the benefits of the Gladstone mining boom with vacancy rates dropping 1.3 percentage points to three per cent while median rents remained relatively steady. .
Gladstone's vacancy rate has dropped to below 1% and has been for six months - and three-bedroom houses are now asking about $430 a week.