City of AdelaideEconomic profile
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City of Adelaide

Rental listings

At June 2016, the City of Adelaide had a median house rental of $450, $125 higher than the median house rental for South Australia.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High and increasing rents are an indication of a strong economy and a desirable area, with access to jobs and services. Units are more commonly rented than houses, and renters tend to be younger than home owners on average. People may rent to be close to employment, entertainment and services, or they may rent while saving to buy a home.

Housing prices often factor in a home ownership premium, but rental costs are a more direct measure of the time-value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2011-2016, Automated Valuation System

Rental listings
City of Adelaide20162013Change
Housing value (at June)City of AdelaideSouth AustraliaCity of Adelaide relative to South AustraliaCity of AdelaideSouth AustraliaCity of Adelaide relative to South Australia2013 to 2016
House--------------
First Quartile$395$270+46.3%$375$265+41.5%+$20
Median$450$325+38.5%$450$320+40.6%0
Third Quartile$525$390+34.6%$530$385+37.7%-$5
Median Rental Yield3.9%4.9%--4.2%5.1%----
Unit--------------
First Quartile$350$250+40.0%$335$240+39.6%+$15
Median$400$290+37.9%$400$280+42.9%0
Third Quartile$471$350+34.6%$460$330+39.4%+$11
Median Rental Yield5.3%5.2%--5.7%5.3%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2016
Rental listings, 2016 Third Quartile, South Australia: $350 Median, South Australia: $290 First Quartile, South Australia: $250 Third Quartile, South Australia: $390 Median, South Australia: $325 First Quartile, South Australia: $270 Third Quartile, City of Adelaide: $471 Median, City of Adelaide: $400 First Quartile, City of Adelaide: $350 Third Quartile, City of Adelaide: $525 Median, City of Adelaide: $450 First Quartile, City of Adelaide: $395
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2016
Change in rental listings, 2013 to 2016 Third Quartile, South Australia: $20 Median, South Australia: $10 First Quartile, South Australia: $10 Third Quartile, South Australia: $5 Median, South Australia: $5 First Quartile, South Australia: $5 Third Quartile, City of Adelaide: $11 Median, City of Adelaide: $0 First Quartile, City of Adelaide: $15 Third Quartile, City of Adelaide: $-5 Median, City of Adelaide: $0 First Quartile, City of Adelaide: $20
Source: Hometrack 2011-2016, Automated Valuation System

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