Scenic Rim Regional CouncilEconomic profile
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Scenic Rim Regional Council

Rental listings

At June 2017, the Scenic Rim Regional Council had a median house rental of $360, $25 lower than the median house rental for Queensland.

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
Scenic Rim Regional Council20172013Change
Housing value (at June)Scenic Rim Regional CouncilQueenslandScenic Rim Regional Council relative to QueenslandScenic Rim Regional CouncilQueenslandScenic Rim Regional Council relative to Queensland2013 to 2017
House--------------
First Quartile$320$310+3.2%$275$330-16.7%+$45
Median$360$385-6.5%$340$390-12.8%+$20
Third Quartile$449$470-4.5%$393$470-16.4%+$56
Median Rental Yield5.1%4.9%--5.2%5.5%----
Unit--------------
First Quartile$218$275-20.7%$188$280-32.9%+$30
Median$265$345-23.2%$230$335-31.3%+$35
Third Quartile$306$420-27.1%$280$400-30.0%+$26
Median Rental Yield6.1%5.5%--6.2%5.8%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2017
Rental listings, 2017 Third Quartile, Queensland: $420 Median, Queensland: $345 First Quartile, Queensland: $275 Third Quartile, Queensland: $470 Median, Queensland: $385 First Quartile, Queensland: $310 Third Quartile, Scenic Rim Regional Council: $306 Median, Scenic Rim Regional Council: $265 First Quartile, Scenic Rim Regional Council: $218 Third Quartile, Scenic Rim Regional Council: $449 Median, Scenic Rim Regional Council: $360 First Quartile, Scenic Rim Regional Council: $320
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2017
Change in rental listings, 2013 to 2017 Third Quartile, Queensland: $20 Median, Queensland: $10 First Quartile, Queensland: $-5 Third Quartile, Queensland: $0 Median, Queensland: $-5 First Quartile, Queensland: $-20 Third Quartile, Scenic Rim Regional Council: $26 Median, Scenic Rim Regional Council: $35 First Quartile, Scenic Rim Regional Council: $30 Third Quartile, Scenic Rim Regional Council: $56 Median, Scenic Rim Regional Council: $20 First Quartile, Scenic Rim Regional Council: $45
Source: Hometrack 2011-2016, Automated Valuation System

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