Murweh ShireEconomic profile
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Murweh Shire

Rental listings

At June 2016, the Murweh Shire had a median house rental of $200, $130 lower than the median house rental for Regional QLD.

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
Murweh Shire20162013Change
Housing value (at June)Murweh ShireRegional QLDMurweh Shire relative to Regional QLDMurweh ShireRegional QLDMurweh Shire relative to Regional QLD2013 to 2016
House--------------
First Quartile$178$270-34.1%$225$320-29.7%-$47
Median$200$330-39.4%$230$390-41.0%-$30
Third Quartile$230$430-46.5%$250$470-46.8%-$20
Median Rental Yield6.3%5.1%--7.5%5.5%----
Unit--------------
First Quartile$170$220-22.7%$151$260-41.9%+$19
Median$175$295-40.7%$158$310-49.0%+$17
Third Quartile$288$380-24.2%$164$370-55.7%+$124
Median Rental Yield4.2%5.8%--0.0%6.0%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2016
Rental listings, 2016 Third Quartile, Regional QLD: $380 Median, Regional QLD: $295 First Quartile, Regional QLD: $220 Third Quartile, Regional QLD: $430 Median, Regional QLD: $330 First Quartile, Regional QLD: $270 Third Quartile, Murweh Shire: $288 Median, Murweh Shire: $175 First Quartile, Murweh Shire: $170 Third Quartile, Murweh Shire: $230 Median, Murweh Shire: $200 First Quartile, Murweh Shire: $178
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2016
Change in rental listings, 2013 to 2016 Third Quartile, Regional QLD: $10 Median, Regional QLD: $-15 First Quartile, Regional QLD: $-40 Third Quartile, Regional QLD: $-40 Median, Regional QLD: $-60 First Quartile, Regional QLD: $-50 Third Quartile, Murweh Shire: $124 Median, Murweh Shire: $17 First Quartile, Murweh Shire: $19 Third Quartile, Murweh Shire: $-20 Median, Murweh Shire: $-30 First Quartile, Murweh Shire: $-47
Source: Hometrack 2011-2016, Automated Valuation System

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