Home owners ride out crisis
DOREEN Leask thanks God she and husband John own their house outright.
The couple has lived in Gladstone for 50 years. They built their home in 1964.
"I thank God, all right - do I ever.
"I look at the young people and I don't know how they'll get on," Mrs Leask said.
The couple's friends keep leaving Gladstone in droves, moving on to more affordable communities like Bargara.
Ray White Gladstone director John Fieldus has lived in Gladstone for 23 years.
He's seen the rental market change dramatically in that time.
When he first arrived, a two-bedroom unit would rent at about $40 per week, a house at $70.
"A real good house might've hit triple figures," Mr Fieldus said.
Now, $660 to $700 is "quite normal" for a modern four-bedroom home.
Mr Fieldus said the effect of the construction projects in town had been "profound".
He added that the market had settled, with rental hikes becoming less dramatic.
"Don't go moving to Bundy."
GET THE EDGE
Ray White Gladstone team leader Gabby Oram looks after lease renewals. Her tips for scoring a rental property:
- Show up to the open house
- Have the application completely filled out
- Make sure you have all the necessary ID - most real estate agents will make copies for you
- First in doesn't mean best dressed. At the end of the day, the home owner makes the decision. Ms Oram said they'll make their decision based on the quality of the application
- Hand your application to the agent by 1pm the day after the inspection