Redland City CouncilEconomic profile
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Redland City

Rental listings

At June 2016, Redland City had a median house rental of $445, $70 higher 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
Redland City20162013Change
Housing value (at June)Redland CityQueenslandRedland City relative to QueenslandRedland CityQueenslandRedland City relative to Queensland2013 to 2016
House--------------
First Quartile$370$300+23.3%$360$330+9.1%+$10
Median$445$375+18.7%$430$390+10.3%+$15
Third Quartile$500$460+8.7%$495$470+5.3%+$5
Median Rental Yield5.0%4.9%--5.4%5.5%----
Unit--------------
First Quartile$350$260+34.6%$330$280+17.9%+$20
Median$390$340+14.7%$365$335+9.0%+$25
Third Quartile$430$410+4.9%$415$400+3.8%+$15
Median Rental Yield5.5%5.4%--6.1%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, Redland City: $430 Median, Redland City: $390 First Quartile, Redland City: $350 Third Quartile, Redland City: $500 Median, Redland City: $445 First Quartile, Redland City: $370
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, Redland City: $15 Median, Redland City: $25 First Quartile, Redland City: $20 Third Quartile, Redland City: $5 Median, Redland City: $15 First Quartile, Redland City: $10
Source: Hometrack 2011-2016, Automated Valuation System

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