Property investor upside to Gold Coast short-term rental glut
The Gold Coast is awash with short-term rentals, driving long-term rental yields to very high levels and providing temptation for property investors seeking cashflow and other buyers escaping the rent hike cycle.
Property investors seeking high rental yields re turning to the Gold Coast, where the supply of long-term rentals has diminished. (Image source: Shutterstock.com)
A glut of short-term accommodation on the Gold Coast is having a major impact on affordability and the rental market.
The holiday haven is feeling the pinch of its popularity thanks to an unquenchable thirst for short-term rentals usurping long term rental options, squeezed even further by returning overseas workers and students.
Together, they are painting paradise into a housing crisis corner.
A side effect has been a rush to buy coastal pro…
