RDA Darling Downs and South West RegionEconomic profile
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Murweh Shire

Rental listings

At June 2018, the RDA Darling Downs and South West Region had a median house rental of $210, $160 lower than the median house rental for Regional QLD.

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
Murweh Shire20182014Change
Housing value (at June)Murweh ShireRegional QLDMurweh Shire relative to Regional QLDMurweh ShireRegional QLDMurweh Shire relative to Regional QLD2014 to 2018
House--------------
First Quartile$185$290-36.2%$220$300-26.7%-$35
Median$210$370-43.2%$240$360-33.3%-$30
Third Quartile$245$480-49.0%$280$450-37.8%-$35
Median Rental Yield7.6%5.2%--7.0%5.2%----
Unit--------------
First Quartile$150$250-40.0%$156$250-37.6%-$6
Median$160$335-52.2%$163$310-47.4%-$3
Third Quartile$173$425-59.3%$180$380-52.6%-$7
Median Rental Yield0.0%6.0%--0.0%5.8%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, Regional QLD: $425 Median, Regional QLD: $335 First Quartile, Regional QLD: $250 Third Quartile, Regional QLD: $480 Median, Regional QLD: $370 First Quartile, Regional QLD: $290 Third Quartile, Murweh Shire: $173 Median, Murweh Shire: $160 First Quartile, Murweh Shire: $150 Third Quartile, Murweh Shire: $245 Median, Murweh Shire: $210 First Quartile, Murweh Shire: $185
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, Regional QLD: $45 Median, Regional QLD: $25 First Quartile, Regional QLD: $0 Third Quartile, Regional QLD: $30 Median, Regional QLD: $10 First Quartile, Regional QLD: $-10 Third Quartile, Murweh Shire: $-7 Median, Murweh Shire: $-3 First Quartile, Murweh Shire: $-6 Third Quartile, Murweh Shire: $-35 Median, Murweh Shire: $-30 First Quartile, Murweh Shire: $-35
Source: Hometrack 2014-2018, Automated Valuation System

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