Maranoa Regional CouncilEconomic profile

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Maranoa Regional Council

Rental listings

At June 2015, the Maranoa Regional Council had a median house rental of $300, $75 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
Maranoa Regional Council20162013Change
Housing value (at June)Maranoa Regional CouncilQueenslandMaranoa Regional Council relative to QueenslandMaranoa Regional CouncilQueenslandMaranoa Regional Council relative to Queensland2013 to 2016
House--------------
First Quartile$230$300-23.3%$408$330+23.6%-$178
Median$300$375-20.0%$468$390+20.0%-$168
Third Quartile$343$460-25.4%$600$470+27.7%-$257
Median Rental Yield5.0%5.0%--7.0%5.5%----
Unit--------------
First Quartile$179$265-32.5%$255$280-8.9%-$76
Median$200$340-41.2%$340$335+1.5%-$140
Third Quartile$293$410-28.5%$350$400-12.5%-$57
Median Rental Yield3.8%5.4%--8.5%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, Maranoa Regional Council: $293 Median, Maranoa Regional Council: $200 First Quartile, Maranoa Regional Council: $179 Third Quartile, Maranoa Regional Council: $343 Median, Maranoa Regional Council: $300 First Quartile, Maranoa Regional Council: $230
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, Maranoa Regional Council: $-57 Median, Maranoa Regional Council: $-140 First Quartile, Maranoa Regional Council: $-76 Third Quartile, Maranoa Regional Council: $-257 Median, Maranoa Regional Council: $-168 First Quartile, Maranoa Regional Council: $-178
Source: Hometrack 2011-2016, Automated Valuation System

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