Ensure you never miss an issue of the
real estate business bulletin
Mining boom boosts regional Qld rental market

Mining boom boosts regional Qld rental market

by Reporter 0 comments

Renters are flooding the Queensland property market on the back of a mining boom, causing a housing shortage across the western side of the state.

Maranoa regional council Mayor Rob Loughnan told ABC News that the housing needs of mining personnel have caused a problem in the area which does not have enough infrastructure to support the influx of renters.

Mr Loughlan said the council, the State Government and the Urban Land Development Authority (ULDA) would meet to discuss the accommodation shortage.

"At this stage we're still talking through the possible solutions," he said.

"We've got a meeting next month in Brisbane to talk with the ULDA and the Government about some ways that we can get local developers and interested parties in the towns interested in the low-cost accommodation, rather than the big end of the market, which is pretty well catered for."

Statistics from RP data showed mining centres, such as the Maranoa region, topped the list of highest rental yields in 2009.

“It’s not surprising to see this result across the housing market due to these areas enjoying continuing strong demand and in many instances being hampered by little scope to provide additional housing,” RP Data’s property analyst Cameron Kusher said.


le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
Mining boom boosts regional Qld rental market
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?