RDA Darling Downs and South West RegionEconomic profile
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Southern Downs Regional Council area

Rental listings

At June 2018, the RDA Darling Downs and South West Region had a median house rental of $280, $90 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
Southern Downs Regional Council area20182014Change
Housing value (at June)Southern Downs Regional Council areaRegional QLDSouthern Downs Regional Council area relative to Regional QLDSouthern Downs Regional Council areaRegional QLDSouthern Downs Regional Council area relative to Regional QLD2014 to 2018
House--------------
First Quartile$250$290-13.8%$230$300-23.3%+$20
Median$280$370-24.3%$255$360-29.2%+$25
Third Quartile$318$480-33.8%$300$450-33.3%+$18
Median Rental Yield5.9%5.2%--5.4%5.2%----
Unit--------------
First Quartile$195$250-22.0%$195$250-22.0%0
Median$225$335-32.8%$225$310-27.4%0
Third Quartile$260$425-38.8%$265$380-30.3%-$5
Median Rental Yield5.4%6.0%--5.1%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, Southern Downs Regional Council area: $260 Median, Southern Downs Regional Council area: $225 First Quartile, Southern Downs Regional Council area: $195 Third Quartile, Southern Downs Regional Council area: $318 Median, Southern Downs Regional Council area: $280 First Quartile, Southern Downs Regional Council area: $250
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, Southern Downs Regional Council area: $-5 Median, Southern Downs Regional Council area: $0 First Quartile, Southern Downs Regional Council area: $0 Third Quartile, Southern Downs Regional Council area: $18 Median, Southern Downs Regional Council area: $25 First Quartile, Southern Downs Regional Council area: $20
Source: Hometrack 2014-2018, Automated Valuation System

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