City of AdelaideEconomic profile
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City of Adelaide

Rental listings

At June 2017, the City of Adelaide had a median house rental of $460, $125 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 2014-2018, Automated Valuation System

Rental listings
City of Adelaide20172014Change
Housing value (at June)City of AdelaideSouth AustraliaCity of Adelaide relative to South AustraliaCity of AdelaideSouth AustraliaCity of Adelaide relative to South Australia2014 to 2017
House--------------
First Quartile$400$280+42.9%$410$270+51.9%-$10
Median$460$335+37.3%$475$320+48.4%-$15
Third Quartile$555$400+38.8%$550$380+44.7%+$5
Median Rental Yield3.8%4.8%--4.2%4.9%----
Unit--------------
First Quartile$330$250+32.0%$330$245+34.7%0
Median$400$290+37.9%$380$280+35.7%+$20
Third Quartile$475$345+37.7%$450$330+36.4%+$25
Median Rental Yield5.3%5.2%--5.3%5.2%----

Source: Hometrack 2014-2017, Automated Valuation System.

Rental listings, 2017
Rental listings, 2017 Third Quartile, South Australia: $345 Median, South Australia: $290 First Quartile, South Australia: $250 Third Quartile, South Australia: $400 Median, South Australia: $335 First Quartile, South Australia: $280 Third Quartile, City of Adelaide: $475 Median, City of Adelaide: $400 First Quartile, City of Adelaide: $330 Third Quartile, City of Adelaide: $555 Median, City of Adelaide: $460 First Quartile, City of Adelaide: $400
Source: Hometrack 2014-2017, Automated Valuation System
Change in rental listings, 2014 to 2017
Change in rental listings, 2014 to 2017 Third Quartile, South Australia: $15 Median, South Australia: $10 First Quartile, South Australia: $5 Third Quartile, South Australia: $20 Median, South Australia: $15 First Quartile, South Australia: $10 Third Quartile, City of Adelaide: $25 Median, City of Adelaide: $20 First Quartile, City of Adelaide: $0 Third Quartile, City of Adelaide: $5 Median, City of Adelaide: $-15 First Quartile, City of Adelaide: $-10
Source: Hometrack 2014-2017, Automated Valuation System

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