Palm Beach Vacancy Rates vs. Gold Coast Average

  • Tags: Property Investment, Landlords, Property Trends, Gold Coast Property, Palm Beach, Property Management

Palm Beach Vacancy Rates vs. Gold Coast Average

At First National Palm Beach we are passionate about leasing! We have successfully been achieving below the average Queensland vacancy rates for the last year or more.  
But don’t let us tell you, let us show you:
  • June 2017 quarter for the REIQ stats average vacancy rates in Gold Coast: 1.7%
  • June 2017 vacancy rates for FNPB: 1%
­Palm Beach Vacancy Rates vs. Queensland Average

If you are interested in seeing the REIQ statistics for vacancy rates yourself, or wondering about other areas in Queensland, please download this PDF of REIQ vacancy rates .
In June we reached out to a total of 24,653 prospective tenants through our Early Bird Alert email database. A total of 3,889 people interacted with the emails and together with the activity generated from our Highlight Listings on this led to 1073 recorded enquires, an average of 56 people per property!
Overall we processed 82 applications in June 2017 and 19 properties were successfully leased. From a Landlords perspective this means there were an average of 4 Applicants to choose from per property leased. That is one big funnel but we know that if we halve our reach we find less tenants and possibly halve our Landlord’s choices.
The industry has been seeing a steady decline in activity over the past 6 months, anecdotally there are reports of properties staying on the rental market for extended periods.
July is on its way to being a massive month in the First National Palm Beach Property Management Department. In the last week alone we have leased 12 properties, some of which have been through the entire advertising, inspection and application process in under a week.  
If you would like a free no obligation rental appraisal of your property please contact us:

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First National Palm Beach
15 Palm Beach Ave Palm Beach, Queensland 4221
Phone: 07 5559 9600