The IPN Regional Rent Index analyses the short-term fluctuations in house rental markets across regions in NSW, VIC, QLD, SA, WA, and TAS, excluding capital city areas.
Published monthly, the data is derived from advertised rentals for houses and is calculated over a rolling 12-month sample period. Metrics include median rents for both houses and units, and vacancy rates, all aggregated by the ABS standard known as Statistical Area 3 (SA3).
Regional Rent Index Report Highlights
Housing market
- Regional housing rentals have continued to see increases over the last three months, with the exception of WA and TAS which have seen no change, holding at 0%. QLD’s Broadbeach – Burleigh and WA’s West Pilbara had the largest increases at 10%, whilst VIC’s Loddon – Elmore rounded out the top three with a 7.3% increase.
Unit market
- All states saw increases in unit rent over the last three months, with WA identifying the largest increase at 7%, closely followed by QLD at 5%. SA saw the top two largest increases in rent over the past three months, with Lower North seeing a 12% rise, and Gascoyne a 10% increase. NSW’s Lower Murray sat in third with a 9.1% increase.
Vacancy rates
- Vacancy rates saw increases across November, with TAS and VIC seeing the largest shift at 1.5% in capital cities, whilst TAS also saw the largest regional increase of 2.1%, closely followed by NSW and VIC at 1.8%. VIC’s Barwon – West saw the largest decrease over the past three months, with a downshift of 1.85%, leaving the vacancy rate at 1.9%.