TENANTS are being offered free TVs, iPads, gift vouchers and $2000 cash to rent in Mackay as the effects of mining jobs losses hit the economy.
The city that is the gateway to the Bowen Basin once had one of the tightest rental markets in Queensland, with people forced to live in dongas and garages.
But it now has the highest vacancy rate, with landlords forced to slash rents by up to $100 and offer enticing deals.
One agency has been offering $2000 or $1000 towards the cost of moving (but the money can be spent on anything) plus two weeks' free rent.
Another advertised a free iPad or 81cm flatscreen TV for a limited period while another was giving away $500 Coles-Meyer vouchers.
Ms Richards said the region's vacancy rate had skyrocketed from 0.7 per cent at its lowest to 6.6 per cent now.
''I don't know if the vacancy rate has ever been this high since I've been doing real estate,''
she said.
But Tanya Booth, from Insite Realty, described some of the offers as "ludicrous" and warned they could send landlords to the wall.
"These homes are worth more," she said. "They're scaring the market and I am worried."
I mentioned the imminent doom of the Townsville, Rocky, Gladstone and Mackay dumps almost an year ago.
Now it's happened. Personally know a couple of buddies of mine who bought at the peak in Gladstone and can't for the life of them flog them off now. Even $75k discounts ain't moving these two houses in Tannum Sands, Boyne Island and the other guys two older houses near Goondoon street in that dirty old Gladstone.
Now these fools are figuring out what it's like to be paying an inflated mortgage outta pocket, when your job prospects are not that great. You can only advise people to not make the wrong decisions, but not at the expense of friendship.
Now these guys will sit on these properties for yonks, until they rise again, who knows when. What a shit for an investment.
I mentioned the imminent doom of the Townsville, Rocky, Gladstone and Mackay dumps almost an year ago.
Now it's happened. Personally know a couple of buddies of mine who bought at the peak in Gladstone and can't for the life of them flog them off now. Even $75k discounts ain't moving these two houses in Tannum Sands, Boyne Island and the other guys two older houses near Goondoon street in that dirty old Gladstone.
Now these fools are figuring out what it's like to be paying an inflated mortgage outta pocket, when your job prospects are not that great. You can only advise people to not make the wrong decisions, but not at the expense of friendship.
Now these guys will sit on these properties for yonks, until they rise again, who knows when. What a shit for an investment.
It was already crashing a year ago. You have zero insight.
I am the love child of Tony Abbott and Pauline Hanson
I mentioned the imminent doom of the Townsville, Rocky, Gladstone and Mackay dumps almost an year ago.
Now it's happened. Personally know a couple of buddies of mine who bought at the peak in Gladstone and can't for the life of them flog them off now. Even $75k discounts ain't moving these two houses in Tannum Sands, Boyne Island and the other guys two older houses near Goondoon street in that dirty old Gladstone.
Now these fools are figuring out what it's like to be paying an inflated mortgage outta pocket, when your job prospects are not that great. You can only advise people to not make the wrong decisions, but not at the expense of friendship.
Now these guys will sit on these properties for yonks, until they rise again, who knows when. What a shit for an investment.
Now where has The Punisher gone so he can set you straight on Rocky.
Pig Iron
3 Aug 2013, 10:47 AM
It was already crashing a year ago. You have zero insight.
Now where has The Punisher gone so he can set you straight on Rocky.
Sounds like someone has been on a bender ....
He said he was moving to Nam. Like you would if you were a well to do specufestor.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
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Like you would if you were a well to do specufestor. 