RDA Limestone Coast RegionEconomic profile
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Limestone Coast region

Rental listings

At June 2017, the Limestone Coast region had a median house rental of $255, $80 lower than the median house rental for South Australia.

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
Limestone Coast region20172013Change
Housing value (at June)Limestone Coast regionSouth AustraliaLimestone Coast region relative to South AustraliaLimestone Coast regionSouth AustraliaLimestone Coast region relative to South Australia2013 to 2017
House--------------
First Quartile$210$280-25.0%$200$265-24.5%+$10
Median$255$335-23.9%$240$320-25.0%+$15
Third Quartile$309$400-22.8%$300$385-22.1%+$9
Median Rental Yield6.1%4.8%--6.0%5.1%----
Unit--------------
First Quartile$155$250-38.0%$150$240-37.5%+$5
Median$195$295-33.9%$190$280-32.1%+$5
Third Quartile$240$355-32.4%$225$330-31.8%+$15
Median Rental Yield5.7%5.1%--5.4%5.3%----

Source: Hometrack 2013-2017, Automated Valuation System.

Rental listings, 2017
Rental listings, 2017 Third Quartile, South Australia: $355 Median, South Australia: $295 First Quartile, South Australia: $250 Third Quartile, South Australia: $400 Median, South Australia: $335 First Quartile, South Australia: $280 Third Quartile, Limestone Coast region: $240 Median, Limestone Coast region: $195 First Quartile, Limestone Coast region: $155 Third Quartile, Limestone Coast region: $309 Median, Limestone Coast region: $255 First Quartile, Limestone Coast region: $210
Source: Hometrack 2013-2017, Automated Valuation System
Change in rental listings, 2013 to 2017
Change in rental listings, 2013 to 2017 Third Quartile, South Australia: $25 Median, South Australia: $15 First Quartile, South Australia: $10 Third Quartile, South Australia: $15 Median, South Australia: $15 First Quartile, South Australia: $15 Third Quartile, Limestone Coast region: $15 Median, Limestone Coast region: $5 First Quartile, Limestone Coast region: $5 Third Quartile, Limestone Coast region: $9 Median, Limestone Coast region: $15 First Quartile, Limestone Coast region: $10
Source: Hometrack 2013-2017, Automated Valuation System

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