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 2018. 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 change since 2017.
View the current issue here: Tasmanian Rents September 2018
- Rents rose in all regions in the last quarter, with the North West and Northern regions experiencing a rise of about 3% , while rents in Southern Tasmania rose by about 2%
- Urban areas had similar rent increases with rents rising by around 3% on the North West Coast and in Greater Launceston, while rents in Greater Hobart rose by 2.3% in the quarter.
- Tasmania rents rose by 8.9% in the year ending 30th September. This represented the greatest increase in yearly rents since Tasmanian Rents began collecting figures in 2012.
- Greater Hobart had the biggest annual increase of 10%, while the smallest increase was seen on the North West Coast, which had a 4.8% rise.
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.