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Snowy Monaro Regional Council area

Rental listings

At June 2016, the Canberra Region had a median house rental of $915, $555 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
Snowy Monaro Regional Council area20162013Change
Housing value (at June)Snowy Monaro Regional Council areaRegional NSWSnowy Monaro Regional Council area relative to Regional NSWSnowy Monaro Regional Council areaRegional NSWSnowy Monaro Regional Council area relative to Regional NSW2013 to 2016
House--------------
First Quartile$488$300+62.7%$638$290+120.0%-$150
Median$915$360+154.2%$813$350+132.3%+$102
Third Quartile$1,180$450+162.2%$1,309$425+208.0%-$129
Median Rental Yield13.9%5.1%--18.8%5.5%----
Unit--------------
First Quartile$799$240+232.9%$405$230+76.1%+$394
Median$916$300+205.3%$688$290+137.2%+$228
Third Quartile$1,471$380+287.1%$838$360+132.8%+$633
Median Rental Yield16.0%5.2%--17.8%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, Snowy Monaro Regional Council area: $1,471 Median, Snowy Monaro Regional Council area: $916 First Quartile, Snowy Monaro Regional Council area: $799 Third Quartile, Snowy Monaro Regional Council area: $1,180 Median, Snowy Monaro Regional Council area: $915 First Quartile, Snowy Monaro Regional Council area: $488
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, Snowy Monaro Regional Council area: $633 Median, Snowy Monaro Regional Council area: $228 First Quartile, Snowy Monaro Regional Council area: $394 Third Quartile, Snowy Monaro Regional Council area: $-129 Median, Snowy Monaro Regional Council area: $102 First Quartile, Snowy Monaro Regional Council area: $-150
Source: Hometrack 2011-2016, Automated Valuation System

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