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"The data shows a very resilient market capable of absorbing the perceived oversupply," she said. Ipswich tightened marginally, moving from 3.1 to 3 per cent. Ms Mercorella said the Ipswich area was a growth corridor for Queensland. "We're seeing buyers and renters flocking to this part of the south-east corner," she said. "It's great news that the rental market is maintaining its stability and healthy status." The Logan rental market eased 0.2 per cent to reach a 2 per cent rental vacancy rate. REIQ CEO Antonia Mercorella said the Brisbane rental market was operating in the healthy range. The REIQ said regional Queensland, in particular, had delivered good results in the wake of two to three bleak years. Ms Mercorella said the regional vacancies' improvement followed, broadly speaking, similar small improvements in the previous quarter. "Some of our markets, such as the Gold and Sunshine coasts, remain uncomfortably tight and we would like to see more investors enter those markets," she said. The Gold Coast held steady at 1.1 per cent, and the market was measured in the lead-up to the Commonwealth Games.
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