Shire of Serpentine JarrahdaleEconomic profile
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Shire of Serpentine Jarrahdale

Rental listings

At June 2016, the Shire of Serpentine Jarrahdale had a median house rental of $380, similar to the median house rental for Western Australia.

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
Shire of Serpentine Jarrahdale20162013Change
Housing value (at June)Shire of Serpentine JarrahdaleWestern AustraliaShire of Serpentine Jarrahdale relative to Western AustraliaShire of Serpentine JarrahdaleWestern AustraliaShire of Serpentine Jarrahdale relative to Western Australia2013 to 2016
House--------------
First Quartile$350$325+7.7%$415$390+6.4%-$65
Median$380$380+0.0%$450$460-2.2%-$70
Third Quartile$420$450-6.7%$505$600-15.8%-$85
Median Rental Yield4.6%4.4%--5.4%5.2%----
Unit--------------
First Quartile$259$295-12.2%$278$360-22.8%-$19
Median$333$350-4.9%$293$430-31.9%+$40
Third Quartile$408$410-0.5%$308$550-44.0%+$100
Median Rental Yield5.2%4.7%--4.7%5.5%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2016
Rental listings, 2016 Third Quartile, Western Australia: $410 Median, Western Australia: $350 First Quartile, Western Australia: $295 Third Quartile, Western Australia: $450 Median, Western Australia: $380 First Quartile, Western Australia: $325 Third Quartile, Shire of Serpentine Jarrahdale: $408 Median, Shire of Serpentine Jarrahdale: $333 First Quartile, Shire of Serpentine Jarrahdale: $259 Third Quartile, Shire of Serpentine Jarrahdale: $420 Median, Shire of Serpentine Jarrahdale: $380 First Quartile, Shire of Serpentine Jarrahdale: $350
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2016
Change in rental listings, 2013 to 2016 Third Quartile, Western Australia: $-140 Median, Western Australia: $-80 First Quartile, Western Australia: $-65 Third Quartile, Western Australia: $-150 Median, Western Australia: $-80 First Quartile, Western Australia: $-65 Third Quartile, Shire of Serpentine Jarrahdale: $100 Median, Shire of Serpentine Jarrahdale: $40 First Quartile, Shire of Serpentine Jarrahdale: $-19 Third Quartile, Shire of Serpentine Jarrahdale: $-85 Median, Shire of Serpentine Jarrahdale: $-70 First Quartile, Shire of Serpentine Jarrahdale: $-65
Source: Hometrack 2011-2016, Automated Valuation System

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