Welcome to the latest issue of Tasmanian Rents.
Every quarter the Tenants’ Union publishes rent statistics compiled from Bond Lodgement Forms collected by the Rental Deposit Authority. The data is based on information provided by both the landlord and tenant when lodging a bond with the Rental Deposit Authority.
This issue includes statistics from the third quarter of 2017. We compare the weighted median rents of Tasmania’s three geographical regions, which are rents that comprise all property sizes, with their equivalents from the previous quarter and the same quarter of the previous year. In more detailed overviews, you will find median rents for different property sizes (1 bedroom, 2 bedroom etc) in particular regional areas and their growth since 2016.
Download the current issue here: Tasmanian Rents September 2017
Comment: The September 2017 edition of Tasmanian Rents is out and here’s what it shows:
- Southern Tasmanian rents rose by 7.1% for 2 bedroom properties and 9.4% for 3 bedroom properties in the last year.
- The rents in Greater Hobart rose even faster, with the most extreme example being Hobart City 3 bedroom properties rising by 10% in the last quarter and 23% in the last year (up from $403 to $495).
- In the rest of Tasmania there was no general increase in the quarter overall, and only modest increases for the year.
- It is difficult to read small area trends in the North and North West. For example, in the latest quarter, Inner Launceston 2 bedroom properties fell by $10 whereas 3 bedroom properties rose by $20.
- Grouped together, the ‘outer ring’ of Hobart (Glenorchy City, Eastern Shore and Kingston) have had rent rises in both 2 bedroom and 3 bedroom categories in the latest quarter and over the last year.
For these figures and in depth rents for regions and areas of Tasmania, click on the latest issue of Tasmanian Rents above.
The Rental Deposit Authority and Tenants’ Union of Tasmania give no warranty regarding the data’s accuracy, completeness, currency or suitability for any particular purpose; and do not accept liability howsoever arising, including but not limited to negligence for any loss resulting from the use of or reliance upon the data.