Bega Valley ShireEconomic profile
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Bega Valley Shire

Rental listings

At June 2016, Bega Valley Shire had a median house rental of $360, $80 lower 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
Bega Valley Shire20162013Change
Housing value (at June)Bega Valley ShireNew South WalesBega Valley Shire relative to New South WalesBega Valley ShireNew South WalesBega Valley Shire relative to New South Wales2013 to 2016
House--------------
First Quartile$310$350-11.4%$280$330-15.2%+$30
Median$360$440-18.2%$330$415-20.5%+$30
Third Quartile$650$600+8.3%$360$570-36.8%+$290
Median Rental Yield5.3%4.1%--4.6%5.1%----
Unit--------------
First Quartile$240$350-31.4%$210$320-34.4%+$30
Median$270$450-40.0%$240$420-42.9%+$30
Third Quartile$338$590-42.7%$280$550-49.1%+$58
Median Rental Yield6.3%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, Bega Valley Shire: $338 Median, Bega Valley Shire: $270 First Quartile, Bega Valley Shire: $240 Third Quartile, Bega Valley Shire: $650 Median, Bega Valley Shire: $360 First Quartile, Bega Valley Shire: $310
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, Bega Valley Shire: $58 Median, Bega Valley Shire: $30 First Quartile, Bega Valley Shire: $30 Third Quartile, Bega Valley Shire: $290 Median, Bega Valley Shire: $30 First Quartile, Bega Valley Shire: $30
Source: Hometrack 2011-2016, Automated Valuation System

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