ABOUT THE DATA

One of the RTA's roles is to monitor and report on the status of Queensland's residential rental sector. Data gathered as part of the RTA's rental bond custodial function form the basis of analysis of the rental market. The data is raw, fair and true.

When a rental bond is charged for a tenancy, it must be lodged with the RTA with 10 days of receipt. As public tenancies do not involve a rental bond, the RTA's Rental Bond Database is limited to the private rental sector and is the best reflection of current trends on a broad brush basis. But, for the future, you need to take on board the advice of the likes of Peter Campbell with 37 years local experience.

Factors contributing to changes to the level of rental bonds being lodged include:

• Population growth - With 19% of the nations population, Queensland's share of Australia's growth was 33.8% in the 12 months to December 2002.
• Proportion of renters - In the 10 year period 1986 to 1996, there was significant growth in the proportion of people renting up to 30.3%.
• Housing affordability - Housing affordability deteriorated considerably in 2002/03.

According to the Census results, Queensland remained the highest renting population of any state, with around 408,000 of Queensland dwellings being rented, compared with 26.3% for the whole of Australia.

In areas such as Caboolture, that percentage is as high as 40%.

According to RP Data research, one in five of the homes in the local area are rented with the Defence Housing Authority having a bigger impact here than in many other suburbs.

In the Albany Creek district, the median rent for a four bedroom house is $330, three bedroom $285, however, demand for four bedrooms outnumber three bedrooms by 2 to 1. Investment and retirement planning via property is hands on, self manageable and can be confined to fit your own ethical standards.

SURPISE, SURPRISE…..Small management groups in Super Funds consistently out-perform the big buys. Smaller boutique agencies will outclass the big names and will assist in control and portability.

Peter Campbell needs more rentals. Join our growing family of property investors who are delighted with the fee for quality service.

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