RDA Murraylands and RiverlandEconomic profile
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Mid Murray Council area

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
Mid Murray Council area20182014Change
Housing value (at June)Mid Murray Council areaRegional SAMid Murray Council area relative to Regional SAMid Murray Council areaRegional SAMid Murray Council area relative to Regional SA2014 to 2018
House--------------
First Quartile$230$220+4.5%$213$210+1.4%+$17
Median$250$270-7.4%$250$250+0.0%0
Third Quartile$280$320-12.5%$293$300-2.3%-$13
Median Rental Yield5.9%6.1%--5.3%5.5%----
Unit--------------
First Quartile$168$170-1.2%$168$170-1.2%0
Median$170$210-19.0%$170$200-15.0%0
Third Quartile$173$265-34.7%$173$250-30.8%0
Median Rental Yield5.0%6.1%--4.8%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, Mid Murray Council area: $173 Median, Mid Murray Council area: $170 First Quartile, Mid Murray Council area: $168 Third Quartile, Mid Murray Council area: $280 Median, Mid Murray Council area: $250 First Quartile, Mid Murray Council area: $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, Mid Murray Council area: $0 Median, Mid Murray Council area: $0 First Quartile, Mid Murray Council area: $0 Third Quartile, Mid Murray Council area: $-13 Median, Mid Murray Council area: $0 First Quartile, Mid Murray Council area: $17
Source: Hometrack 2014-2018, Automated Valuation System

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