Balonne ShireEconomic profile
Skip to content

Balonne Shire

Rental listings

At June 2016, the Balonne Shire had a median house rental of $245, $130 lower than the median house rental for Queensland.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High and increasing rents are an indication of a strong economy and a desirable area, with access to jobs and services. Units are more commonly rented than houses, and renters tend to be younger than home owners on average. People may rent to be close to employment, entertainment and services, or they may rent while saving to buy a home.

Housing prices often factor in a home ownership premium, but rental costs are a more direct measure of the time-value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2011-2016, Automated Valuation System

Rental listings
Balonne Shire20162013Change
Housing value (at June)Balonne ShireQueenslandBalonne Shire relative to QueenslandBalonne ShireQueenslandBalonne Shire relative to Queensland2013 to 2016
House--------------
First Quartile$200$300-33.3%$256$330-22.4%-$56
Median$245$375-34.7%$300$390-23.1%-$55
Third Quartile$270$460-41.3%$350$470-25.5%-$80
Median Rental Yield5.7%5.0%--7.6%5.5%----
Unit--------------
First Quartile$188$265-29.1%$310$280+10.7%-$122
Median$220$340-35.3%$440$335+31.3%-$220
Third Quartile$308$410-24.9%$495$400+23.8%-$187
Median Rental Yield0.0%5.4%--0.0%5.8%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2016
Rental listings, 2016 Third Quartile, Queensland: $410 Median, Queensland: $340 First Quartile, Queensland: $265 Third Quartile, Queensland: $460 Median, Queensland: $375 First Quartile, Queensland: $300 Third Quartile, Balonne Shire: $308 Median, Balonne Shire: $220 First Quartile, Balonne Shire: $188 Third Quartile, Balonne Shire: $270 Median, Balonne Shire: $245 First Quartile, Balonne Shire: $200
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2016
Change in rental listings, 2013 to 2016 Third Quartile, Queensland: $10 Median, Queensland: $5 First Quartile, Queensland: $-15 Third Quartile, Queensland: $-10 Median, Queensland: $-15 First Quartile, Queensland: $-30 Third Quartile, Balonne Shire: $-187 Median, Balonne Shire: $-220 First Quartile, Balonne Shire: $-122 Third Quartile, Balonne Shire: $-80 Median, Balonne Shire: $-55 First Quartile, Balonne Shire: $-56
Source: Hometrack 2011-2016, Automated Valuation System

To continue building your economic story go to...

v17.06.20-1.0.0