City of WyndhamEconomic profile

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At June 2015, the City of Wyndham had a median house rental of $360, $10 lower than the median house rental for Victoria.

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 Wyndham20162013Change
Housing value (at June)City of WyndhamVictoriaCity of Wyndham relative to VictoriaCity of WyndhamVictoriaCity of Wyndham relative to Victoria2013 to 2016
House--------------
First Quartile$330$310+6.5%$285$290-1.7%+$45
Median$360$370-2.7%$310$340-8.8%+$50
Third Quartile$400$460-13.0%$350$420-16.7%+$50
Median Rental Yield4.4%4.1%--4.8%4.6%----
Unit--------------
First Quartile$276$295-6.4%$250$270-7.4%+$26
Median$300$350-14.3%$270$330-18.2%+$30
Third Quartile$320$430-25.6%$290$400-27.5%+$30
Median Rental Yield5.1%4.4%--5.3%4.7%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2016
Rental listings, 2016 Third Quartile, Victoria: $430 Median, Victoria: $350 First Quartile, Victoria: $295 Third Quartile, Victoria: $460 Median, Victoria: $370 First Quartile, Victoria: $310 Third Quartile, City of Wyndham: $320 Median, City of Wyndham: $300 First Quartile, City of Wyndham: $276 Third Quartile, City of Wyndham: $400 Median, City of Wyndham: $360 First Quartile, City of Wyndham: $330
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2016
Change in rental listings, 2013 to 2016 Third Quartile, Victoria: $30 Median, Victoria: $20 First Quartile, Victoria: $25 Third Quartile, Victoria: $40 Median, Victoria: $30 First Quartile, Victoria: $20 Third Quartile, City of Wyndham: $30 Median, City of Wyndham: $30 First Quartile, City of Wyndham: $26 Third Quartile, City of Wyndham: $50 Median, City of Wyndham: $50 First Quartile, City of Wyndham: $45
Source: Hometrack 2011-2016, Automated Valuation System

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