CSG projects to intensify rental pressure: report

A property report commissioned by the Surat Basin Property Group has found Western Downs communities are under enormous rental pressure similar to Moranbah.

The report found acute shortage in the availability of residential accommodation in the area and the situation was going to get worse as coal seam gas projects increased, The Chronicle reported.

Surat Basin Property Group CEO Jason van Hooft said this was the most detailed report compiled on the Surat Basin housing market.

“We saw a huge gap in the data being produced in relation to growth figures in the Surat Basin,” van Hooft said.

“The problem has been planning. Some planning has been done which is just incorrect. The thinking and infrastructure needs are simply not there.

He said the Western Downs Regional Council has not allocated resources where it is needed.

“It is no secret the Western Downs Regional Council is struggling with a boom and their resources are being severely stretched.”

Van Hooft believes the focus should be on places like Miles, Chinchilla and Wandoan, not Dalby.

He said Miles and Wandoan were already facing acute shortages, with soaring prices as a result.

“A house was only recently rented out in Wandoan for $3000 per week,” he said.

“A four-bedroom house in Chinchilla is fetching $1000 per week. If nothing is done we will see immense pressures placed on these towns and communities similar to the cycle Moranbah is experiencing.”

The report was compiled by property advisory consultancy firm MacroPlan Dimasi. The findings were given at a Toowoomba and Surat Basin Enterprise meeting in Chinchilla on Thursday night.