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

Rental listings

At June 2018, the RDA Darling Downs and South West Region had a median house rental of $735, $365 higher 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
South West RED Region20182014Change
Housing value (at June)South West RED RegionRegional QLDSouth West RED Region relative to Regional QLDSouth West RED RegionRegional QLDSouth West RED Region relative to Regional QLD2014 to 2018
House--------------
First Quartile$615$290+112.1%$720$300+140.0%-$105
Median$735$370+98.6%$880$360+144.4%-$145
Third Quartile$865$480+80.2%$1,120$450+148.9%-$255
Median Rental Yield19.2%5.2%--19.1%5.2%----
Unit--------------
First Quartile$500$250+100.0%$506$250+102.4%-$6
Median$563$335+68.1%$593$310+91.3%-$30
Third Quartile$703$425+65.4%$750$380+97.4%-$47
Median Rental Yield0.0%6.0%--7.8%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, South West RED Region: $703 Median, South West RED Region: $563 First Quartile, South West RED Region: $500 Third Quartile, South West RED Region: $865 Median, South West RED Region: $735 First Quartile, South West RED Region: $615
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, South West RED Region: $-47 Median, South West RED Region: $-30 First Quartile, South West RED Region: $-6 Third Quartile, South West RED Region: $-255 Median, South West RED Region: $-145 First Quartile, South West RED Region: $-105
Source: Hometrack 2014-2018, Automated Valuation System

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