Armidale Regional CouncilEconomic profile
Skip to content

Armidale Regional Council

Rental listings

At June 2015, the Armidale Regional Council had a median house rental of $613, $173 higher than the median house rental for New South Wales.

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
Armidale Regional Council20162013Change
Housing value (at June)Armidale Regional CouncilNew South WalesArmidale Regional Council relative to New South WalesArmidale Regional CouncilNew South WalesArmidale Regional Council relative to New South Wales2013 to 2016
House--------------
First Quartile$523$350+49.4%$495$330+50.0%+$28
Median$613$440+39.3%$600$415+44.6%+$13
Third Quartile$690$600+15.0%$678$570+18.9%+$12
Median Rental Yield10.4%4.1%--11.8%5.1%----
Unit--------------
First Quartile$400$350+14.3%$368$320+15.0%+$32
Median$480$450+6.7%$400$420-4.8%+$80
Third Quartile$591$590+0.2%$483$550-12.2%+$108
Median Rental Yield10.1%4.2%--5.6%5.3%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2016
Rental listings, 2016 Third Quartile, New South Wales: $590 Median, New South Wales: $450 First Quartile, New South Wales: $350 Third Quartile, New South Wales: $600 Median, New South Wales: $440 First Quartile, New South Wales: $350 Third Quartile, Armidale Regional Council: $591 Median, Armidale Regional Council: $480 First Quartile, Armidale Regional Council: $400 Third Quartile, Armidale Regional Council: $690 Median, Armidale Regional Council: $613 First Quartile, Armidale Regional Council: $523
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2016
Change in rental listings, 2013 to 2016 Third Quartile, New South Wales: $40 Median, New South Wales: $30 First Quartile, New South Wales: $30 Third Quartile, New South Wales: $30 Median, New South Wales: $25 First Quartile, New South Wales: $20 Third Quartile, Armidale Regional Council: $108 Median, Armidale Regional Council: $80 First Quartile, Armidale Regional Council: $32 Third Quartile, Armidale Regional Council: $12 Median, Armidale Regional Council: $13 First Quartile, Armidale Regional Council: $28
Source: Hometrack 2011-2016, Automated Valuation System

To continue building your economic story go to...

v16.07.05-1.0.8