RDA Darling Downs and South West RegionEconomic profile
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RDA Darling Downs and South West Region

Rental listings

At June 2017, the RDA Darling Downs and South West Region had a median house rental of $300, $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 2013-2017, Automated Valuation System

Rental listings
RDA Darling Downs and South West Region20172013Change
Housing value (at June)RDA Darling Downs and South West RegionQueenslandRDA Darling Downs and South West Region relative to QueenslandRDA Darling Downs and South West RegionQueenslandRDA Darling Downs and South West Region relative to Queensland2013 to 2017
House--------------
First Quartile$250$310-19.4%$270$330-18.2%-$20
Median$300$385-22.1%$310$390-20.5%-$10
Third Quartile$350$470-25.5%$390$470-17.0%-$40
Median Rental Yield5.2%4.9%--5.7%5.5%----
Unit--------------
First Quartile$200$275-27.3%$210$280-25.0%-$10
Median$245$345-29.0%$250$335-25.4%-$5
Third Quartile$290$420-31.0%$300$400-25.0%-$10
Median Rental Yield5.5%5.5%--5.8%5.8%----

Source: Hometrack 2013-2017, Automated Valuation System.

Rental listings, 2017
Rental listings, 2017 Third Quartile, Queensland: $420 Median, Queensland: $345 First Quartile, Queensland: $275 Third Quartile, Queensland: $470 Median, Queensland: $385 First Quartile, Queensland: $310 Third Quartile, RDA Darling Downs and South West Region: $290 Median, RDA Darling Downs and South West Region: $245 First Quartile, RDA Darling Downs and South West Region: $200 Third Quartile, RDA Darling Downs and South West Region: $350 Median, RDA Darling Downs and South West Region: $300 First Quartile, RDA Darling Downs and South West Region: $250
Source: Hometrack 2013-2017, Automated Valuation System
Change in rental listings, 2013 to 2017
Change in rental listings, 2013 to 2017 Third Quartile, Queensland: $20 Median, Queensland: $10 First Quartile, Queensland: $-5 Third Quartile, Queensland: $0 Median, Queensland: $-5 First Quartile, Queensland: $-20 Third Quartile, RDA Darling Downs and South West Region: $-10 Median, RDA Darling Downs and South West Region: $-5 First Quartile, RDA Darling Downs and South West Region: $-10 Third Quartile, RDA Darling Downs and South West Region: $-40 Median, RDA Darling Downs and South West Region: $-10 First Quartile, RDA Darling Downs and South West Region: $-20
Source: Hometrack 2013-2017, Automated Valuation System

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