Cradle Coast RegionEconomic profile
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Cradle Coast Region

Rental listings

At June 2017, the Cradle Coast Region had a median house rental of $260, $45 lower than the median house rental for Tasmania.

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 2013-2017, Automated Valuation System

Rental listings
Cradle Coast Region20172017Change
Housing value (at June)Cradle Coast RegionTasmaniaCradle Coast Region relative to TasmaniaCradle Coast RegionTasmaniaCradle Coast Region relative to Tasmania2017 to 2017
House--------------
First Quartile$220$260-15.4%$220$260-15.4%0
Median$260$305-14.8%$260$305-14.8%0
Third Quartile$300$380-21.1%$300$380-21.1%0
Median Rental Yield6.1%5.5%--6.1%5.5%----
Unit--------------
First Quartile$180$215-16.3%$180$215-16.3%0
Median$220$270-18.5%$220$270-18.5%0
Third Quartile$260$340-23.5%$260$340-23.5%0
Median Rental Yield5.9%5.6%--5.9%5.6%----

Source: Hometrack 2017-2017, Automated Valuation System.

Rental listings, 2017
Rental listings, 2017 Third Quartile, Tasmania: $340 Median, Tasmania: $270 First Quartile, Tasmania: $215 Third Quartile, Tasmania: $380 Median, Tasmania: $305 First Quartile, Tasmania: $260 Third Quartile, Cradle Coast Region: $260 Median, Cradle Coast Region: $220 First Quartile, Cradle Coast Region: $180 Third Quartile, Cradle Coast Region: $300 Median, Cradle Coast Region: $260 First Quartile, Cradle Coast Region: $220
Source: Hometrack 2017-2017, Automated Valuation System
Change in rental listings, 2017 to 2017
Change in rental listings, 2017 to 2017 Third Quartile, Tasmania: $0 Median, Tasmania: $0 First Quartile, Tasmania: $0 Third Quartile, Tasmania: $0 Median, Tasmania: $0 First Quartile, Tasmania: $0 Third Quartile, Cradle Coast Region: $0 Median, Cradle Coast Region: $0 First Quartile, Cradle Coast Region: $0 Third Quartile, Cradle Coast Region: $0 Median, Cradle Coast Region: $0 First Quartile, Cradle Coast Region: $0
Source: Hometrack 2017-2017, Automated Valuation System

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