Canberra Region Joint Organisation areaEconomic profile
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Canberra Region

Rental listings

At June 2016, the Canberra Region had a median house rental of $390, $30 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
Canberra Region20162013Change
Housing value (at June)Canberra RegionRegional NSWCanberra Region relative to Regional NSWCanberra RegionRegional NSWCanberra Region relative to Regional NSW2013 to 2016
House--------------
First Quartile$320$300+6.7%$285$290-1.7%+$35
Median$390$360+8.3%$360$350+2.9%+$30
Third Quartile$650$450+44.4%$575$425+35.3%+$75
Median Rental Yield5.5%5.1%--5.6%5.5%----
Unit--------------
First Quartile$220$240-8.3%$220$230-4.3%0
Median$280$300-6.7%$270$290-6.9%+$10
Third Quartile$375$380-1.3%$363$360+0.8%+$12
Median Rental Yield5.8%5.2%--5.9%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, Canberra Region: $375 Median, Canberra Region: $280 First Quartile, Canberra Region: $220 Third Quartile, Canberra Region: $650 Median, Canberra Region: $390 First Quartile, Canberra Region: $320
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, Canberra Region: $12 Median, Canberra Region: $10 First Quartile, Canberra Region: $0 Third Quartile, Canberra Region: $75 Median, Canberra Region: $30 First Quartile, Canberra Region: $35
Source: Hometrack 2011-2016, Automated Valuation System

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