Bundaberg Regional CouncilEconomic profile
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Bundaberg Regional Council

Rental listings

At June 2018, the Bundaberg Regional Council had a median house rental of $310, $85 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 2014-2018, Automated Valuation System

Rental listings
Bundaberg Regional Council20182014Change
Housing value (at June)Bundaberg Regional CouncilQueenslandBundaberg Regional Council relative to QueenslandBundaberg Regional CouncilQueenslandBundaberg Regional Council relative to Queensland2014 to 2018
House--------------
First Quartile$280$320-12.5%$270$315-14.3%+$10
Median$310$395-21.5%$300$380-21.1%+$10
Third Quartile$350$480-27.1%$345$450-23.3%+$5
Median Rental Yield6.0%4.9%--5.5%5.1%----
Unit--------------
First Quartile$225$290-22.4%$219$275-20.4%+$6
Median$270$360-25.0%$255$340-25.0%+$15
Third Quartile$320$430-25.6%$310$400-22.5%+$10
Median Rental Yield6.5%5.6%--5.8%5.6%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, Queensland: $430 Median, Queensland: $360 First Quartile, Queensland: $290 Third Quartile, Queensland: $480 Median, Queensland: $395 First Quartile, Queensland: $320 Third Quartile, Bundaberg Regional Council: $320 Median, Bundaberg Regional Council: $270 First Quartile, Bundaberg Regional Council: $225 Third Quartile, Bundaberg Regional Council: $350 Median, Bundaberg Regional Council: $310 First Quartile, Bundaberg Regional Council: $280
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, Queensland: $30 Median, Queensland: $20 First Quartile, Queensland: $15 Third Quartile, Queensland: $30 Median, Queensland: $15 First Quartile, Queensland: $5 Third Quartile, Bundaberg Regional Council: $10 Median, Bundaberg Regional Council: $15 First Quartile, Bundaberg Regional Council: $6 Third Quartile, Bundaberg Regional Council: $5 Median, Bundaberg Regional Council: $10 First Quartile, Bundaberg Regional Council: $10
Source: Hometrack 2014-2018, Automated Valuation System

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