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 second 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 June 2018
- Rents seasonally fell pretty much across the board this quarter. Tasmanian rents have fallen for every June Quarter since we began collecting data in 2012. Overall rents were down 2.6% in Tasmania, with the largest falls occurring in the North West region.
- Greater Launceston was the only major urban area to experience an increase, a modest 0.4% overall, largely on the back of a 3.2% quarterly increase in 3 bedroom properties.
- Southern Tasmanian median rents were steady for 1, 2 and 3 bedroom properties at $250, $330 and $380 respectively.
- Rents increased by more than 10% in Greater Hobart, by 6% in Greater Launceston and around 2% in the built up areas on the North West Coast.
- Rents for 1, 2 and 3 bedroom properties in the South all increased by more than 10% in the last financial year, compounding upon 5% increases in the financial year prior to that.
- In Inner Launceston, rents for 1, 2 and 3 bedroom all rose by 6% or more in the last 12 months.
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.