RDA Murraylands and RiverlandEconomic profile
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Rural City of Murray Bridge

Rental listings

At June 2018, the RDA Murraylands and Riverland had a median house rental of $250, $20 lower than the median house rental for Regional SA.

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
Rural City of Murray Bridge20182014Change
Housing value (at June)Rural City of Murray BridgeRegional SARural City of Murray Bridge relative to Regional SARural City of Murray BridgeRegional SARural City of Murray Bridge relative to Regional SA2014 to 2018
House--------------
First Quartile$230$220+4.5%$225$210+7.1%+$5
Median$250$270-7.4%$245$250-2.0%+$5
Third Quartile$270$320-15.6%$265$300-11.7%+$5
Median Rental Yield6.0%6.1%--5.5%5.5%----
Unit--------------
First Quartile$170$170+0.0%$170$170+0.0%0
Median$195$210-7.1%$190$200-5.0%+$5
Third Quartile$225$265-15.1%$214$250-14.4%+$11
Median Rental Yield6.5%6.1%--6.1%5.7%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, Regional SA: $265 Median, Regional SA: $210 First Quartile, Regional SA: $170 Third Quartile, Regional SA: $320 Median, Regional SA: $270 First Quartile, Regional SA: $220 Third Quartile, Rural City of Murray Bridge: $225 Median, Rural City of Murray Bridge: $195 First Quartile, Rural City of Murray Bridge: $170 Third Quartile, Rural City of Murray Bridge: $270 Median, Rural City of Murray Bridge: $250 First Quartile, Rural City of Murray Bridge: $230
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, Regional SA: $15 Median, Regional SA: $10 First Quartile, Regional SA: $0 Third Quartile, Regional SA: $20 Median, Regional SA: $20 First Quartile, Regional SA: $10 Third Quartile, Rural City of Murray Bridge: $11 Median, Rural City of Murray Bridge: $5 First Quartile, Rural City of Murray Bridge: $0 Third Quartile, Rural City of Murray Bridge: $5 Median, Rural City of Murray Bridge: $5 First Quartile, Rural City of Murray Bridge: $5
Source: Hometrack 2014-2018, Automated Valuation System

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