Yass ValleyEconomic profile
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Yass Valley

Rental listings

At June 2016, the Yass Valley had a median house rental of $380, $60 lower 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

Rental listings
Yass Valley20162013Change
Housing value (at June)Yass ValleyNew South WalesYass Valley relative to New South WalesYass ValleyNew South WalesYass Valley relative to New South Wales2013 to 2016
House--------------
First Quartile$320$350-8.6%$340$330+3.0%-$20
Median$380$440-13.6%$380$415-8.4%0
Third Quartile$460$600-23.3%$480$570-15.8%-$20
Median Rental Yield4.8%4.0%--4.7%5.1%----
Unit--------------
First Quartile$283$350-19.1%$295$320-7.8%-$12
Median$315$450-30.0%$340$420-19.0%-$25
Third Quartile$340$590-42.4%$358$550-34.9%-$18
Median Rental Yield5.0%4.2%--5.5%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, Yass Valley: $340 Median, Yass Valley: $315 First Quartile, Yass Valley: $283 Third Quartile, Yass Valley: $460 Median, Yass Valley: $380 First Quartile, Yass Valley: $320
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, Yass Valley: $-18 Median, Yass Valley: $-25 First Quartile, Yass Valley: $-12 Third Quartile, Yass Valley: $-20 Median, Yass Valley: $0 First Quartile, Yass Valley: $-20
Source: Hometrack 2011-2016, Automated Valuation System

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