Gold Coast FOMO eases but don't expect the rental market to cool anytime soon

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The 'fear of missing out' on the Gold Coast's hot property market appears to have eased, but with soaring inflation and 'unforeseen' international factors looming, industry experts say rents will stay high.

Help keep family & friends informed by sharing this articleA "fear of missing out" may have kicked off the "extraordinary growth" of the Gold Coast's housing market, but even as the hype eases, industry figures warn rising rents are likely to continue.

"There is this expectation that some of these supply chain issues will ease, but a lot of that is going to be dependent on, for example, China abandoning its zero-COVID policy," he said. "Just having the security of knowing where I'm going to live in the future, also having the option if I needed to rent out bedrooms," she said.Emily McKay says buying her first home was scary, but she is feeling positive.

"I can definitely see how easy it is to fall into that trap of offering right at the top of your budget just because you didn't want to miss out."Ms McKay has left a rental market with a 0.6 per cent median vacancy rate.

 

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