Cradle Coast RegionEconomic profile
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West Coast Council area

Rental listings

At June 2016, the Cradle Coast Region had a median house rental of $150, $200 lower than the median house rental for Greater Hobart.

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
West Coast Council area20162013Change
Housing value (at June)West Coast Council areaGreater HobartWest Coast Council area relative to Greater HobartWest Coast Council areaGreater HobartWest Coast Council area relative to Greater Hobart2013 to 2016
House--------------
First Quartile$140$295-52.5%$140$270-48.1%0
Median$150$350-57.1%$150$320-53.1%0
Third Quartile$170$420-59.5%$169$380-55.5%+$1
Median Rental Yield11.1%5.5%--9.7%5.6%----
Unit--------------
First Quartile$153$240-36.3%$170$220-22.7%-$17
Median$160$285-43.9%$180$260-30.8%-$20
Third Quartile$165$340-51.5%$190$300-36.7%-$25
Median Rental Yield0.0%5.6%--0.0%5.8%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2016
Rental listings, 2016 Third Quartile, Greater Hobart: $340 Median, Greater Hobart: $285 First Quartile, Greater Hobart: $240 Third Quartile, Greater Hobart: $420 Median, Greater Hobart: $350 First Quartile, Greater Hobart: $295 Third Quartile, West Coast Council area: $165 Median, West Coast Council area: $160 First Quartile, West Coast Council area: $153 Third Quartile, West Coast Council area: $170 Median, West Coast Council area: $150 First Quartile, West Coast Council area: $140
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2016
Change in rental listings, 2013 to 2016 Third Quartile, Greater Hobart: $40 Median, Greater Hobart: $25 First Quartile, Greater Hobart: $20 Third Quartile, Greater Hobart: $40 Median, Greater Hobart: $30 First Quartile, Greater Hobart: $25 Third Quartile, West Coast Council area: $-25 Median, West Coast Council area: $-20 First Quartile, West Coast Council area: $-17 Third Quartile, West Coast Council area: $1 Median, West Coast Council area: $0 First Quartile, West Coast Council area: $0
Source: Hometrack 2011-2016, Automated Valuation System

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