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Rents in regional centres continue to fall

Posted by Residential Tenancies Authority on 2 March 2015
Median rents in Gladstone, Mackay and Mount Isa continued to fall in the December quarter 2014, according RTA median rent data.

RTA data shows median rent for a 3 bedroom house in Gladstone dropped from $500 per week in the December quarter 2012 to $400 per week a year later down to $300 per week in the December quarter 2014.

Over the same period weekly median rent for a 2 bedroom unit in Gladstone fell from $410 (2012) to $330 (2013) and down to $250 in 2014.

In Mackay, the December quarter 2012 weekly rent for a 3 bedroom house was $470. In December 2013 it fell to $395 and in the December quarter last year was down to $330.

Weekly rent for a 2 bedroom unit in Mackay fell from $370 per week in the December quarter 2012 to $300 per week in 2013 and down to $250 in 2014.

Mount Isa also saw median rents fall, dropping from $570 in December 2012 to $500 in December 2013 and $450 in 2014 for a 3 bedroom house.

Mount Isa 2 bedroom unit median rent fell from $400 in December quarter 2012 to $350 in 2013 and $300 in 2014.

Brisbane median rents showed a small increase from $400 to $410 and then $420 for a 3 bedroom house in December quarters 2012, 2013 and 2014 respectively.

Median rent for a Brisbane 2 bedroom unit rose from $390 in December quarter 2012 to $395 in 2013 and $400 in December quarter 2014.
Author: Residential Tenancies Authority

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