Private Rental Market in Tasmania

There were approximately 39,000 occupied private rentals in 2016. (ABS Census and RoGS, 2017).  This represents around 72% of all Tasmanian rentals and around 20% of all occupied dwellings in Tasmania.

In 2011, 48% of Tasmanian private rentals were managed by agents and 52% were managed by the landlord themselves.  By contrast in 2011, around 66% of Australian private rentals were managed by agents. (ABS Census, 2011)*

The March 2018 issue of Tasmanian Rents shows that median rents have risen by 5.4% in the past twelve months, but the increase is magnified in the South with rents increasing by 8.7% in that time.  Median rents in Southern Tasmania are 32% higher than in Northern Tasmania, which are in turn 10% higher than in North West Tasmania.

Anglicare’s Rental Affordability Snapshot shows that low income households have very few choices for appropriate and affordable rentals in the private market, and that the situation is worsening.

The Rental Affordability Index which measures median rent in the current market as percentage of median rental household income, shows Greater Hobart as the least affordable capital city with 29% of income being spent on rent in the December Qtr of 2017.

 

*2016 Census to be examined