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rental-pain

Rental pain

Rental pain

Rental shortages hinder Gippsland job recruitment

People in regional areas including Gippsland are increasingly being priced out of the rental market due to an influx of city dwellers.

There are fears that the critical shortages are leaving communities struggling to attract workers.

A health service in Yarram is struggling to fill job vacancies because rental properties cannot be secured.

An analysis of regional towns by The Weekly Times has found that some no longer have rental properties available.

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The report says Bairnsdale has just 12 listings, with locals being pushed and priced out of the market.

Paul Miles of Bairnsdale's King and Heath Real Estate said showings have become very competitive.

"We're seeing upwards to 20, 30 or even 40 couples attending open homes for rental properties," Mr Miles said.

"We are seeing tenants offering more money than the advertised rental amount, by offering say another 20, 30 or even 50 dollars a week."

Paul Miles said one solution is to attract more buyers.

"We have never seen such critical lows at the moment with the number of tenants out there searching for properties to rent.

"But the silver lining is that there's a great opportunity for investors to buy established homes, or even have a home built, and offer it back to those tenants at good returns at the moment."

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