Updated: Feb 3
The larger local agents in Airlie Beach produce regular newsletters or market updates that include some information on changes in rental yield. Here's an example (PRD Real Estate)
Take a look at www.onthehouse.com.au for local area statistics about sale prices, rental yields, etc (NB: our postcode is 4802) I heard about it in Ray White Whitsundays February 2022 edition of E-News, wherein they noted that:
"In the last 12 months in Jubilee Pocket the median price has increased from $413,000 to $547,000 showing a massive 32% increase. Median rentals have increased from $420pw to $520pw.
For the same period, Cannonvale has increased from $444,000 to $514,000, an increase of around 16%. Median rentals have increased from $460 to $530.
Airlie Beach has increased from $484,000 to $601,000 representing an increase of around 24% with rentals increasing from $525 to $700 per week.
As far as the rentals are placed in the region, we can not see any reason why the rental prices will decrease in the near future. The supply is still greater than the demand as more people move to the Whitsundays. Almost every day we talk to buyers and future tenants wanting to move to North Queensland to get away from the cities down South.
January was a solid month from our sales team with over 50 sales on the board. Interestingly the percentage of “Southern buyers” was less than 30% with 71% of our buyers having Queensland addresses when contracts are signed. Of the balance 29%, the majority were NSW based and only 5% of total buyers from VIC. We are seeing a lot of Gold Coast and Brisbane buyers at the moment, and we will track these numbers and keep you advised of the results."
Tenant turmoil: the suburbs where rents are rising faster than home prices (23 January 2022) Airlie Beach made it into the top ten