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MEDIAN RENTS MOVE IN MINING AREAS

By Siobhan Cheshire

Median weekly rents in Emerald dropped by $170 over the past year according to data gleaned from bonds lodged with the RTA in the December quarter 2013.

In Emerald, median weekly rent fell from $480 to $310 for a 3 bedroom house, while rent for a 2 bedroom unit decreased from $400 to $265 year on year.

There were also decreases in Gladstone, where the median rent for a 3 bedroom house dropped from $500 (Dec qtr 2012) to $400 (Dec qtr 2013), and for a 2 bedroom unit fell from $410 to $330.

Mackay saw year on year drops from $480 to $395 for a 3 bedroom house and from $370 to $300 for a 2 bedroom unit.

In Mount Isa, the median weekly rent for a 3 bedroom house dropped from $570 in the December quarter 2012 to $500 in the December quarter 2013.

Two bedroom unit median weekly rent in Mount Isa fell from $400 to $350 year on year.

Meanwhile, median weekly rents increased in the Surat Basin area.

In Chinchilla, median rent for a 3 bedroom house increased from $375 to $430 (2 bedroom units rose from $350 to $400) and in Dalby increased from $300 to $320 ($210 to $235 for 2 bedroom units).

However, median weekly rent for a 3 bedroom house in Roma decreased from $450 to $400 year on year.

At the Gold Coast, median weekly rent rose $20 to $420 for a 3 bedroom house and was up from $340 to $355 for a 2 bedroom flat.

Median rents also rose in Toowoomba, with an increase from $290 to $300 for a 3 bedroom house and from $225 to $240 for a 2 bedroom unit.

In Brisbane, median weekly rent rose slightly from $400 to $410 for a 3 bedroom house and from $390 to $395 for a 2 bedroom unit.

View complete median rent data for the December quarter 2013 or search for media rents by postcode.

Source : www.rta.qld.gov.au

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