Cook Shire CouncilEconomic profile
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Cook Shire

Rental listings

At June 2018, the Cook Shire had a median house rental of $350, $45 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
Cook Shire20182015Change
Housing value (at June)Cook ShireQueenslandCook Shire relative to QueenslandCook ShireQueenslandCook Shire relative to Queensland2015 to 2018
House--------------
First Quartile$290$320-9.4%$300$310-3.2%-$10
Median$350$395-11.4%$335$380-11.8%+$15
Third Quartile$430$480-10.4%$475$460+3.3%-$45
Median Rental Yield6.5%4.9%--5.0%5.0%----
Unit--------------
First Quartile$258$290-11.0%$263$270-2.6%-$5
Median$290$360-19.4%$275$340-19.1%+$15
Third Quartile$300$430-30.2%$288$410-29.8%+$12
Median Rental Yield0.0%5.6%--0.0%5.5%----

Source: Hometrack 2015-2018, 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, Cook Shire: $300 Median, Cook Shire: $290 First Quartile, Cook Shire: $258 Third Quartile, Cook Shire: $430 Median, Cook Shire: $350 First Quartile, Cook Shire: $290
Source: Hometrack 2015-2018, Automated Valuation System
Change in rental listings, 2015 to 2018
Change in rental listings, 2015 to 2018 Third Quartile, Queensland: $20 Median, Queensland: $20 First Quartile, Queensland: $20 Third Quartile, Queensland: $20 Median, Queensland: $15 First Quartile, Queensland: $10 Third Quartile, Cook Shire: $12 Median, Cook Shire: $15 First Quartile, Cook Shire: $-5 Third Quartile, Cook Shire: $-45 Median, Cook Shire: $15 First Quartile, Cook Shire: $-10
Source: Hometrack 2015-2018, Automated Valuation System

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