RDA Murraylands and RiverlandEconomic profile
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RDA Murraylands and Riverland region

Rental listings

At June 2018, the RDA Murraylands and Riverland had a median house rental of $250, $100 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 2014-2018, Automated Valuation System

Rental listings
RDA Murraylands and Riverland region20182014Change
Housing value (at June)RDA Murraylands and Riverland regionSouth AustraliaRDA Murraylands and Riverland region relative to South AustraliaRDA Murraylands and Riverland regionSouth AustraliaRDA Murraylands and Riverland region relative to South Australia2014 to 2018
House--------------
First Quartile$230$290-20.7%$210$270-22.2%+$20
Median$250$350-28.6%$240$320-25.0%+$10
Third Quartile$280$420-33.3%$265$380-30.3%+$15
Median Rental Yield6.3%4.8%--5.6%4.9%----
Unit--------------
First Quartile$169$260-35.0%$165$245-32.7%+$4
Median$188$300-37.3%$175$280-37.5%+$13
Third Quartile$225$360-37.5%$200$330-39.4%+$25
Median Rental Yield6.7%5.3%--6.7%5.2%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, South Australia: $360 Median, South Australia: $300 First Quartile, South Australia: $260 Third Quartile, South Australia: $420 Median, South Australia: $350 First Quartile, South Australia: $290 Third Quartile, RDA Murraylands and Riverland region: $225 Median, RDA Murraylands and Riverland region: $188 First Quartile, RDA Murraylands and Riverland region: $169 Third Quartile, RDA Murraylands and Riverland region: $280 Median, RDA Murraylands and Riverland region: $250 First Quartile, RDA Murraylands and Riverland region: $230
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, South Australia: $30 Median, South Australia: $20 First Quartile, South Australia: $15 Third Quartile, South Australia: $40 Median, South Australia: $30 First Quartile, South Australia: $20 Third Quartile, RDA Murraylands and Riverland region: $25 Median, RDA Murraylands and Riverland region: $13 First Quartile, RDA Murraylands and Riverland region: $4 Third Quartile, RDA Murraylands and Riverland region: $15 Median, RDA Murraylands and Riverland region: $10 First Quartile, RDA Murraylands and Riverland region: $20
Source: Hometrack 2014-2018, Automated Valuation System

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