The Hills Shire CouncilEconomic profile

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At June 2016, The Hills Shire had a median house rental of $650, $210 higher than the median house rental for New South Wales.

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

PLEASE NOTE: The data presented on this page is based on the previous boundary and has not been adjusted to align with the new LGA boundary that came into effect on 12th May 2016. Work to align the data to the new boundary is currently underway.

Rental listings
The Hills Shire20162013Change
Housing value (at June)The Hills ShireNew South WalesThe Hills Shire relative to New South WalesThe Hills ShireNew South WalesThe Hills Shire relative to New South Wales2013 to 2016
House--------------
First Quartile$550$350+57.1%$500$330+51.5%+$50
Median$650$440+47.7%$580$415+39.8%+$70
Third Quartile$750$600+25.0%$681$570+19.5%+$69
Median Rental Yield3.0%4.1%--4.4%5.1%----
Unit--------------
First Quartile$500$350+42.9%$465$320+45.3%+$35
Median$550$450+22.2%$510$420+21.4%+$40
Third Quartile$595$590+0.8%$550$550+0.0%+$45
Median Rental Yield3.8%4.2%--5.1%5.3%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2016
Rental listings, 2016 Third Quartile, New South Wales: $590 Median, New South Wales: $450 First Quartile, New South Wales: $350 Third Quartile, New South Wales: $600 Median, New South Wales: $440 First Quartile, New South Wales: $350 Third Quartile, The Hills Shire: $595 Median, The Hills Shire: $550 First Quartile, The Hills Shire: $500 Third Quartile, The Hills Shire: $750 Median, The Hills Shire: $650 First Quartile, The Hills Shire: $550
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2016
Change in rental listings, 2013 to 2016 Third Quartile, New South Wales: $40 Median, New South Wales: $30 First Quartile, New South Wales: $30 Third Quartile, New South Wales: $30 Median, New South Wales: $25 First Quartile, New South Wales: $20 Third Quartile, The Hills Shire: $45 Median, The Hills Shire: $40 First Quartile, The Hills Shire: $35 Third Quartile, The Hills Shire: $69 Median, The Hills Shire: $70 First Quartile, The Hills Shire: $50
Source: Hometrack 2011-2016, Automated Valuation System

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