MENU
Renting
Selling
MENU
-
-
-
Selling
-
-
Contact Us
Huge competition for share house rooms as Queensland housing crisis deepens
Demand for Queensland share houses has soared with dozens of prospective flatmates competing for each single room being advertised.
And desperate room-hunters are going to extreme lengths to get noticed, as the cost of traditional rental properties soar and vacancy rates hit record lows.
Exclusive new data from Flatmates.com.au shows the demand for single rooms in Greater Brisbane increased 234 per cent between April 2020 and today – up from 2.3 people per room to 7.7 people now.
In Brisbane City, there is a ratio of 42 room-seekers for every room, according to the data.
Across Queensland as a whole, there is an average of nine people looking at each available room.
Flatmates.com.au community manager Claudia Conley said the “extraordinary demand” versus low supply levels showed just how hard it is to find a single room in a share house in the southeast corner.
“On the Gold Coast there was, on average, 2.6 room-seekers for every room available in April 2020, and this is now 11.6 seekers for every room,” she said.
“Miami has a ratio of 52 people looking for each room available, while Burleigh has 31 seekers and Broadbeach has an astounding 137 seekers for each room.
“Along with this lack of supply, we’re seeing a large increase in weekly rental prices for rooms in share houses.”
You might also be interested in
Jun 8, 2022
Climate change poses significant risks to housing markets, with new data showing the highest-risk regions are home to Australians who can least afford it. After nine years of policy failure, in a rema
Jun 8, 2022
The Reserve Bank of Australia has hiked interest rates by a super-sized amount as Australians face increasing cost-of-living pressures, including soaring energy prices. The RBA board on Tuesday raised