Canberra Region Joint Organisation areaEconomic profile
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Hilltops Council area

Rental listings

At June 2016, the Canberra Region had a median house rental of $545, $185 higher than the median house rental for Regional NSW.

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
Hilltops Council area20162013Change
Housing value (at June)Hilltops Council areaRegional NSWHilltops Council area relative to Regional NSWHilltops Council areaRegional NSWHilltops Council area relative to Regional NSW2013 to 2016
House--------------
First Quartile$495$300+65.0%$230$290-20.7%+$265
Median$545$360+51.4%$250$350-28.6%+$295
Third Quartile$593$450+31.8%$300$425-29.4%+$293
Median Rental Yield13.7%5.1%--6.6%5.5%----
Unit--------------
First Quartile$175$240-27.1%$170$230-26.1%+$5
Median$200$300-33.3%$193$290-33.4%+$7
Third Quartile$240$380-36.8%$220$360-38.9%+$20
Median Rental Yield5.1%5.2%--5.6%5.7%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2016
Rental listings, 2016 Third Quartile, Regional NSW: $380 Median, Regional NSW: $300 First Quartile, Regional NSW: $240 Third Quartile, Regional NSW: $450 Median, Regional NSW: $360 First Quartile, Regional NSW: $300 Third Quartile, Hilltops Council area: $240 Median, Hilltops Council area: $200 First Quartile, Hilltops Council area: $175 Third Quartile, Hilltops Council area: $593 Median, Hilltops Council area: $545 First Quartile, Hilltops Council area: $495
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2016
Change in rental listings, 2013 to 2016 Third Quartile, Regional NSW: $20 Median, Regional NSW: $10 First Quartile, Regional NSW: $10 Third Quartile, Regional NSW: $25 Median, Regional NSW: $10 First Quartile, Regional NSW: $10 Third Quartile, Hilltops Council area: $20 Median, Hilltops Council area: $7 First Quartile, Hilltops Council area: $5 Third Quartile, Hilltops Council area: $293 Median, Hilltops Council area: $295 First Quartile, Hilltops Council area: $265
Source: Hometrack 2011-2016, Automated Valuation System

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