Southern Downs Regional CouncilEconomic profile
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Southern Downs Regional Council

Rental listings

At June 2017, the Southern Downs Regional Council had a median house rental of $265, $120 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
Southern Downs Regional Council20172013Change
Housing value (at June)Southern Downs Regional CouncilQueenslandSouthern Downs Regional Council relative to QueenslandSouthern Downs Regional CouncilQueenslandSouthern Downs Regional Council relative to Queensland2013 to 2017
House--------------
First Quartile$240$310-22.6%$230$330-30.3%+$10
Median$265$385-31.2%$250$390-35.9%+$15
Third Quartile$300$470-36.2%$281$470-40.2%+$19
Median Rental Yield6.0%4.9%--5.5%5.5%----
Unit--------------
First Quartile$195$275-29.1%$193$280-31.1%+$2
Median$220$345-36.2%$226$335-32.5%-$6
Third Quartile$250$420-40.5%$250$400-37.5%0
Median Rental Yield5.3%5.5%--5.2%5.8%----

Source: Hometrack 2013-2017, 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, Southern Downs Regional Council: $250 Median, Southern Downs Regional Council: $220 First Quartile, Southern Downs Regional Council: $195 Third Quartile, Southern Downs Regional Council: $300 Median, Southern Downs Regional Council: $265 First Quartile, Southern Downs Regional Council: $240
Source: Hometrack 2013-2017, 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, Southern Downs Regional Council: $0 Median, Southern Downs Regional Council: $-6 First Quartile, Southern Downs Regional Council: $2 Third Quartile, Southern Downs Regional Council: $19 Median, Southern Downs Regional Council: $15 First Quartile, Southern Downs Regional Council: $10
Source: Hometrack 2013-2017, Automated Valuation System

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