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Upper Lachlan Shire

Rental listings

At June 2016, the Canberra Region had a median house rental of $318, $42 lower 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
Upper Lachlan Shire20162013Change
Housing value (at June)Upper Lachlan ShireRegional NSWUpper Lachlan Shire relative to Regional NSWUpper Lachlan ShireRegional NSWUpper Lachlan Shire relative to Regional NSW2013 to 2016
House--------------
First Quartile$268$300-10.7%$258$290-11.0%+$10
Median$318$360-11.7%$305$350-12.9%+$13
Third Quartile$420$450-6.7%$418$425-1.6%+$2
Median Rental Yield5.5%5.1%--5.1%5.5%----
Unit--------------
First Quartile$315$240+31.3%$0$230-100.0%+$315
Median$360$300+20.0%$0$290-100.0%+$360
Third Quartile$400$380+5.3%$0$360-100.0%+$400
Median Rental Yield4.4%5.2%--0.0%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, Upper Lachlan Shire: $400 Median, Upper Lachlan Shire: $360 First Quartile, Upper Lachlan Shire: $315 Third Quartile, Upper Lachlan Shire: $420 Median, Upper Lachlan Shire: $318 First Quartile, Upper Lachlan Shire: $268
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, Upper Lachlan Shire: $400 Median, Upper Lachlan Shire: $360 First Quartile, Upper Lachlan Shire: $315 Third Quartile, Upper Lachlan Shire: $2 Median, Upper Lachlan Shire: $13 First Quartile, Upper Lachlan Shire: $10
Source: Hometrack 2011-2016, Automated Valuation System

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