Shore Regional Organisation of CouncilsEconomic profile
Skip to content

SHOROC Region

Rental listings

At June 2016, the SHOROC Region had a median house rental of $925, $405 higher than the median house rental for Greater Sydney.

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
SHOROC Region20162013Change
Housing value (at June)SHOROC RegionGreater SydneySHOROC Region relative to Greater SydneySHOROC RegionGreater SydneySHOROC Region relative to Greater Sydney2013 to 2016
House--------------
First Quartile$720$420+71.4%$690$395+74.7%+$30
Median$925$520+77.9%$850$500+70.0%+$75
Third Quartile$1,300$700+85.7%$1,200$690+73.9%+$100
Median Rental Yield3.1%3.4%--4.2%4.7%----
Unit--------------
First Quartile$500$410+22.0%$445$380+17.1%+$55
Median$595$500+19.0%$520$460+13.0%+$75
Third Quartile$725$630+15.1%$650$580+12.1%+$75
Median Rental Yield4.0%4.1%--5.0%5.1%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2016
Rental listings, 2016 Third Quartile, Greater Sydney: $630 Median, Greater Sydney: $500 First Quartile, Greater Sydney: $410 Third Quartile, Greater Sydney: $700 Median, Greater Sydney: $520 First Quartile, Greater Sydney: $420 Third Quartile, SHOROC Region: $725 Median, SHOROC Region: $595 First Quartile, SHOROC Region: $500 Third Quartile, SHOROC Region: $1,300 Median, SHOROC Region: $925 First Quartile, SHOROC Region: $720
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2016
Change in rental listings, 2013 to 2016 Third Quartile, Greater Sydney: $50 Median, Greater Sydney: $40 First Quartile, Greater Sydney: $30 Third Quartile, Greater Sydney: $10 Median, Greater Sydney: $20 First Quartile, Greater Sydney: $25 Third Quartile, SHOROC Region: $75 Median, SHOROC Region: $75 First Quartile, SHOROC Region: $55 Third Quartile, SHOROC Region: $100 Median, SHOROC Region: $75 First Quartile, SHOROC Region: $30
Source: Hometrack 2011-2016, Automated Valuation System

To continue building your economic story go to...

v17.08.15-1.0.0