Gympie Regional CouncilEconomic profile
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Gympie Regional Council

Rental listings

At June 2016, the Gympie Regional Council had a median house rental of $280, $95 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
Gympie Regional Council20162013Change
Housing value (at June)Gympie Regional CouncilQueenslandGympie Regional Council relative to QueenslandGympie Regional CouncilQueenslandGympie Regional Council relative to Queensland2013 to 2016
House--------------
First Quartile$250$300-16.7%$240$330-27.3%+$10
Median$280$375-25.3%$270$390-30.8%+$10
Third Quartile$320$460-30.4%$305$470-35.1%+$15
Median Rental Yield5.4%4.9%--5.2%5.5%----
Unit--------------
First Quartile$215$260-17.3%$211$280-24.6%+$4
Median$265$340-22.1%$230$335-31.3%+$35
Third Quartile$480$410+17.1%$264$400-34.0%+$216
Median Rental Yield6.0%5.4%--5.1%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: $260 Third Quartile, Queensland: $460 Median, Queensland: $375 First Quartile, Queensland: $300 Third Quartile, Gympie Regional Council: $480 Median, Gympie Regional Council: $265 First Quartile, Gympie Regional Council: $215 Third Quartile, Gympie Regional Council: $320 Median, Gympie Regional Council: $280 First Quartile, Gympie Regional Council: $250
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: $-20 Third Quartile, Queensland: $-10 Median, Queensland: $-15 First Quartile, Queensland: $-30 Third Quartile, Gympie Regional Council: $216 Median, Gympie Regional Council: $35 First Quartile, Gympie Regional Council: $4 Third Quartile, Gympie Regional Council: $15 Median, Gympie Regional Council: $10 First Quartile, Gympie Regional Council: $10
Source: Hometrack 2011-2016, Automated Valuation System

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