Guide shows Boyne Island, Kin Kora are hot spots for growth
GLADSTONE region suburbs of Boyne Island and Kin Kora have been rated among Australia's top five regional hot spots for rental growth.
They've featured in the RP Data investor guide, which identifies 1500 locations where trends could see values double over 10 years, as well as areas achieving the best rental growth.
Landlords in Kin Kora have hiked rent by 16.1% a year over the past five years.
It's seen the average Kin Kora rent climb from $275 a week in 2008, to $508 now.
In Boyne Island, rent has jumped from $240 a week to $535 a week in the same period.
That's an average annual increase of 17.4%.
South Hedland in Western Australia's Pilbara led the list.
The mining boom has caused weekly rental there to skyrocket from $750 a week up to $1800 a week in just five years.
Meanwhile, another property report has called Rockhampton a "sleeper" market that is about to boom, one of seven in Australia.