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Queanbeyan-Palerang Regional Council area

Rental listings

At June 2016, the Canberra Region had a median house rental of $910, $550 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
Queanbeyan-Palerang Regional Council area20162013Change
Housing value (at June)Queanbeyan-Palerang Regional Council areaRegional NSWQueanbeyan-Palerang Regional Council area relative to Regional NSWQueanbeyan-Palerang Regional Council areaRegional NSWQueanbeyan-Palerang Regional Council area relative to Regional NSW2013 to 2016
House--------------
First Quartile$740$300+146.7%$720$290+148.3%+$20
Median$910$360+152.8%$850$350+142.9%+$60
Third Quartile$1,088$450+141.8%$1,050$425+147.1%+$38
Median Rental Yield9.2%5.1%--9.6%5.5%----
Unit--------------
First Quartile$568$240+136.7%$495$230+115.2%+$73
Median$768$300+156.0%$610$290+110.3%+$158
Third Quartile$918$380+141.6%$810$360+125.0%+$108
Median Rental Yield11.1%5.2%--12.2%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, Queanbeyan-Palerang Regional Council area: $918 Median, Queanbeyan-Palerang Regional Council area: $768 First Quartile, Queanbeyan-Palerang Regional Council area: $568 Third Quartile, Queanbeyan-Palerang Regional Council area: $1,088 Median, Queanbeyan-Palerang Regional Council area: $910 First Quartile, Queanbeyan-Palerang Regional Council area: $740
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, Queanbeyan-Palerang Regional Council area: $108 Median, Queanbeyan-Palerang Regional Council area: $158 First Quartile, Queanbeyan-Palerang Regional Council area: $73 Third Quartile, Queanbeyan-Palerang Regional Council area: $38 Median, Queanbeyan-Palerang Regional Council area: $60 First Quartile, Queanbeyan-Palerang Regional Council area: $20
Source: Hometrack 2011-2016, Automated Valuation System

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