Scenic Rim Regional CouncilEconomic profile
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Scenic Rim Regional Council

Rental listings

At June 2018, the Scenic Rim Regional Council had a median house rental of $360, $35 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 2014-2018, Automated Valuation System

Rental listings
Scenic Rim Regional Council20182014Change
Housing value (at June)Scenic Rim Regional CouncilQueenslandScenic Rim Regional Council relative to QueenslandScenic Rim Regional CouncilQueenslandScenic Rim Regional Council relative to Queensland2014 to 2018
House--------------
First Quartile$310$320-3.1%$284$315-9.8%+$26
Median$360$395-8.9%$340$380-10.5%+$20
Third Quartile$440$480-8.3%$400$450-11.1%+$40
Median Rental Yield4.9%4.9%--4.8%5.1%----
Unit--------------
First Quartile$210$290-27.6%$180$275-34.5%+$30
Median$256$360-28.9%$218$340-35.9%+$38
Third Quartile$310$430-27.9%$249$400-37.8%+$61
Median Rental Yield7.2%5.6%--5.9%5.6%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, Queensland: $430 Median, Queensland: $360 First Quartile, Queensland: $290 Third Quartile, Queensland: $480 Median, Queensland: $395 First Quartile, Queensland: $320 Third Quartile, Scenic Rim Regional Council: $310 Median, Scenic Rim Regional Council: $256 First Quartile, Scenic Rim Regional Council: $210 Third Quartile, Scenic Rim Regional Council: $440 Median, Scenic Rim Regional Council: $360 First Quartile, Scenic Rim Regional Council: $310
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, Queensland: $30 Median, Queensland: $20 First Quartile, Queensland: $15 Third Quartile, Queensland: $30 Median, Queensland: $15 First Quartile, Queensland: $5 Third Quartile, Scenic Rim Regional Council: $61 Median, Scenic Rim Regional Council: $38 First Quartile, Scenic Rim Regional Council: $30 Third Quartile, Scenic Rim Regional Council: $40 Median, Scenic Rim Regional Council: $20 First Quartile, Scenic Rim Regional Council: $26
Source: Hometrack 2014-2018, Automated Valuation System

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