Tenants are scrambling to secure rentals as tough competition continues in the market across greater Caloundra.
According to Coronis investment specialist Glen Evans, the rental market in Caloundra South remains “robust”, reflecting a dynamic and growing area.
For those considering renting or investing, here’s a snapshot of the local trends:
Four-Bedroom Homes:
- Average Rent: $690 per week
- Properties Rented in Past Year: 255
- Average Rental Yield: 4.25 per cent, with Nirimba leading at 4.6 per cent
- Weekly Rental Growth: 3.2 per cent.
Three-Bedroom Homes:
- Average Rent: $622 per week
- Properties Leased in Past Year: 254
- Average Rental Yield: 3.9 per cent, with Caloundra West at 4.5 per cent
- Weekly Rental Growth: 3.4 per cent.
“Overall, Caloundra South shows a healthy rental market with steady growth and solid returns for investors,” Mr Evans said.
“The area continues to attract renters, supported by a strong yield and a trend of increasing rents.”
