News

Emerald rental crisis hits homes

Aleisha and her partner, Peter, want a bigger place for their growing family but rental prices are too expensive.
Aleisha and her partner, Peter, want a bigger place for their growing family but rental prices are too expensive. Rebekah Polley

FAMILIES are the latest victims of Emerald's worsening rental crisis.

Mothers and fathers are being forced to share with other families in an attempt to pay the rising rents in a town slow to develop more housing to meet the demand stemming from mining and retail expansions.

Long-term tenants with impeccable records are packing up their homes as their lease renewals ask for double their rent in a property market described by local real estate agents as the worst Emerald has ever seen.

"If anything comes in the rentals, they're gone immediately," CD Adams principal Clinton Adams said.

"A lot of people are missing out... The human emotion is extreme.

"It's critical at the moment. It's the worst I have ever seen in 25 years."

Real estate agents have waiting lists of at least 20 applicants.

But a property will remain on the market for less than a day as families - facing exorbitant rents or homelessness - snap up properties sight unseen.

"Certainly there has been a spike in rental increases and it's a two-edged sword," Emerald Real Estate owner Jason Campbell said.

"At times we haven't put up rents as high and owners or landlords get calls from other agents saying they could get more.

 

"(The rental market) is critical at the moment. It's the worst I have ever seen in 25 years."

CD Adams principal Clinton Adams

 

"The agents don't have control over the rental prices and certainly not the increases."

While residents welcome expansion to Emerald's retail sector, the developments bring further pressure on the already haemorrhaging rental market.

LJ Hooker principal Brenda Logovik said retail giant Woolworths wasn't immune to the concern when staffing its new store at Emerald Market Plaza.

"There also has been Woolworths looking for their young employees for the area," Ms Logovik said.

"I've heard of two families willing to join up as one, but they too have a price range they can afford."

While most agents respected the right of investors to reap the highest return on their investment, they said landlords were urged to keep prices as low as possible.

"In the end, landlords are there as an investor. They buy up the properties as a business, one to make money and maximise returns and make as much rent as possible," Mr Campbell said.

"I would see most people have a preference for a good tenant with a reasonable price, but there are others looking for the top dollar," Ms Logovik said.

Mr Adams said the Central Highlands Council had fought hard with the State Government to inject funding into the area, but "they don't want to listen".


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Space event rocks Comet

News

SPACE event sparked concerns of a plane crash.

Meet Central Queensland's pet of the week

Central Queensland Pet Rescue's pet of the week, Pablo. On September 29

Meet the newest member of the Central Queensland Pet Rescue family

Tee up for a good cause

FUNDS TARGET: Last year, Enwise Electrical raised more than $5000 for Bushkids with their golf day and the local electrical  company is hoping to do the same this year.

Show your support for Bushkids by signing up to it charity golf day.

Local Partners

Oh, the artworks you'll see at Moranbah kids' exhibition

YOUNG artists from Moranbah State School are looking forward to showing off their creative sides as part of a special art exhibition in Moranbah.

Marist students to share musical talents at SHEP

MUSICAL TALENTS: Adam Phillips, Reef Johnson and Elijah Horsfall from Marist College Emerald.

Marist students represent school at State Honours Ensemble Program.

Space event rocks Comet

News

SPACE event sparked concerns of a plane crash.

Meet Central Queensland's pet of the week

Central Queensland Pet Rescue's pet of the week, Pablo. On September 29

Meet the newest member of the Central Queensland Pet Rescue family

Tee up for a good cause

FUNDS TARGET: Last year, Enwise Electrical raised more than $5000 for Bushkids with their golf day and the local electrical  company is hoping to do the same this year.

Show your support for Bushkids by signing up to it charity golf day.

Top five pie locations in Central Queensland

Meat pies at Pie Face.   Photo: Chris Ison / The Morning Bulletin

Central Queensland's best pie locations.

CH Regional Council heads to Blackwater

Mayor Kerry Hayes presented a cheque for $500 to the Blackwater Army Cadets.

Council heads to Blacktown.

Unveiling ceremony to honour victims of flood

AFLOAT: Floating Lantern Ceremony at the Clermont Gold and Coal Festival paid tribute to the great flood in Clermont in 1916.

VICTIMS of Clermont's 1916 flood will be honoured in ceremony.

Classic car auction draws buyers from US, Dubai

"He wants everyone to enjoy the cars, the collection got too big'

Channel 9 orders second season of Doctor Doctor

Rodger Corser stars in the TV series Doctor Doctor.

RURAL medical drama finds a loyal following.

MOVIE REVIEW: Storks delivers family fun

A scene from the movie Storks.

ANIMATION can be hit or miss but when it hits, it hits hard.

Nick 'the snake' to call the shots on Survivor jury

Australian Survivor contestant Nick Iadanza.

LATEST evictee is out of the game but will still have a say.

Naomi Watts and Liev Schreiber split

Naomi Watts and Liev Schreiber

Naomi Watts and Liev Schreiber have split after 11 years together.

Why Chris Hemsworth was spotted wearing nail polish

RED CARPET: Do you think Chris Hemsworth is the typical unpolished but well-natured Aussie bloke?

He's now officially the best bloke in Australia

Testament's new album is a concept album

ROME, ITALY- JULY 27, 2016: Testament photographed at The Roman Collisseium in Rome, Italy on July 27,2016. Gene Ambo

Testament to release new album

$40million hotel, shops development project for Mackay

Mt Pleasant hotel and retirement accommodation, proposed at 194-202 Malcomson St.

$40m development to take Mackay to 'the next level'

Property 200m from ocean selling for just over $100K

BEACHCOMBER PARK: Work has started on a new $19.2 million development at Toogoom.

The estate's developer is offering huge discounts for early buyers.

UPDATE: Former rodeo champ's sale rained out, now back on

Larkhill local Ken Consiglio is having an auction of most of the things on his property.

'People kept showing up and we had to turn them away'

First stages of $25 million housing development underway

New development on Madsen Rd - The Springs.

The blocks of land are much bigger than usual

Couple build their own 'tiny house' for $45k

Holly Bowen and Oli Bucher built their "tiny house" themselves, only hiring a plumber and an electrician. Photo/supplied

The house, which is built on a trailer and can be towed.

Rocky proves prime real estate in latest REIQ report

Kas Woch sold this Wood St home in Depot Hill for $107,000 in August.

A new investor's market as Rocky house prices hit lowest in state