City of Tea Tree GullyEconomic profile
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City of Tea Tree Gully

Rental listings

At June 2016, the City of Tea Tree Gully had a median house rental of $343, $18 higher than the median house rental for South 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
City of Tea Tree Gully20162013Change
Housing value (at June)City of Tea Tree GullySouth AustraliaCity of Tea Tree Gully relative to South AustraliaCity of Tea Tree GullySouth AustraliaCity of Tea Tree Gully relative to South Australia2013 to 2016
House--------------
First Quartile$319$270+18.1%$300$265+13.2%+$19
Median$343$325+5.5%$330$320+3.1%+$13
Third Quartile$375$390-3.8%$360$385-6.5%+$15
Median Rental Yield4.9%4.9%--5.2%5.1%----
Unit--------------
First Quartile$280$250+12.0%$260$240+8.3%+$20
Median$300$290+3.4%$283$280+1.1%+$17
Third Quartile$360$350+2.9%$305$330-7.6%+$55
Median Rental Yield5.5%5.2%--5.5%5.3%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2016
Rental listings, 2016 Third Quartile, South Australia: $350 Median, South Australia: $290 First Quartile, South Australia: $250 Third Quartile, South Australia: $390 Median, South Australia: $325 First Quartile, South Australia: $270 Third Quartile, City of Tea Tree Gully: $360 Median, City of Tea Tree Gully: $300 First Quartile, City of Tea Tree Gully: $280 Third Quartile, City of Tea Tree Gully: $375 Median, City of Tea Tree Gully: $343 First Quartile, City of Tea Tree Gully: $319
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2016
Change in rental listings, 2013 to 2016 Third Quartile, South Australia: $20 Median, South Australia: $10 First Quartile, South Australia: $10 Third Quartile, South Australia: $5 Median, South Australia: $5 First Quartile, South Australia: $5 Third Quartile, City of Tea Tree Gully: $55 Median, City of Tea Tree Gully: $17 First Quartile, City of Tea Tree Gully: $20 Third Quartile, City of Tea Tree Gully: $15 Median, City of Tea Tree Gully: $13 First Quartile, City of Tea Tree Gully: $19
Source: Hometrack 2011-2016, Automated Valuation System

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