Bayside CouncilEconomic profile
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Bayside Council area

Rental listings

At June 2018, the Bayside Council area had a median house rental of $650, $185 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 2014-2018, Automated Valuation System

Rental listings
Bayside Council area20182014Change
Housing value (at June)Bayside Council areaNew South WalesBayside Council area relative to New South WalesBayside Council areaNew South WalesBayside Council area relative to New South Wales2014 to 2018
House--------------
First Quartile$550$370+48.6%$495$330+50.0%+$55
Median$650$465+39.8%$580$410+41.5%+$70
Third Quartile$765$620+23.4%$690$560+23.2%+$75
Median Rental Yield2.6%3.5%--3.1%4.4%----
Unit--------------
First Quartile$460$390+17.9%$390$330+18.2%+$70
Median$540$490+10.2%$440$425+3.5%+$100
Third Quartile$650$620+4.8%$520$550-5.5%+$130
Median Rental Yield4.1%4.0%--4.2%4.6%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, New South Wales: $620 Median, New South Wales: $490 First Quartile, New South Wales: $390 Third Quartile, New South Wales: $620 Median, New South Wales: $465 First Quartile, New South Wales: $370 Third Quartile, Bayside Council area: $650 Median, Bayside Council area: $540 First Quartile, Bayside Council area: $460 Third Quartile, Bayside Council area: $765 Median, Bayside Council area: $650 First Quartile, Bayside Council area: $550
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, New South Wales: $70 Median, New South Wales: $65 First Quartile, New South Wales: $60 Third Quartile, New South Wales: $60 Median, New South Wales: $55 First Quartile, New South Wales: $40 Third Quartile, Bayside Council area: $130 Median, Bayside Council area: $100 First Quartile, Bayside Council area: $70 Third Quartile, Bayside Council area: $75 Median, Bayside Council area: $70 First Quartile, Bayside Council area: $55
Source: Hometrack 2014-2018, Automated Valuation System

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