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Queenslandâs rental crisis set to persist
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Queenslandâs rental crisis has worsened to a point where it is now more expensive to rent a house on the Gold Coast than in Sydney, and the chronic shortage of available properties could last for at least three years, experts say.
The median asking rent for houses on the Gold Coast has jumped to $754 a week as at the week of May 20, compared with $663 in Sydney, the SQM Research data shows.
Rental rates for houses in Maleny, Queensland, have jumped by 55.2 per cent in the past 12 months amid scarce rental supply.Â