City of BrimbankEconomic profile
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City of Brimbank

Rental listings

At June 2018, the City of Brimbank had a median house rental of $370, $30 lower than the median house rental for 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 Brimbank20182014Change
Housing value (at June)City of BrimbankAustraliaCity of Brimbank relative to AustraliaCity of BrimbankAustraliaCity of Brimbank relative to Australia2014 to 2018
House--------------
First Quartile$340$330+3.0%$300$310-3.2%+$40
Median$370$400-7.5%$330$380-13.2%+$40
Third Quartile$410$520-21.2%$360$480-25.0%+$50
Median Rental Yield3.2%4.1%--4.4%4.7%----
Unit--------------
First Quartile$290$320-9.4%$260$290-10.3%+$30
Median$340$400-15.0%$300$370-18.9%+$40
Third Quartile$370$525-29.5%$320$475-32.6%+$50
Median Rental Yield4.1%4.5%--5.2%4.8%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, Australia: $525 Median, Australia: $400 First Quartile, Australia: $320 Third Quartile, Australia: $520 Median, Australia: $400 First Quartile, Australia: $330 Third Quartile, City of Brimbank: $370 Median, City of Brimbank: $340 First Quartile, City of Brimbank: $290 Third Quartile, City of Brimbank: $410 Median, City of Brimbank: $370 First Quartile, City of Brimbank: $340
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, Australia: $50 Median, Australia: $30 First Quartile, Australia: $30 Third Quartile, Australia: $40 Median, Australia: $20 First Quartile, Australia: $20 Third Quartile, City of Brimbank: $50 Median, City of Brimbank: $40 First Quartile, City of Brimbank: $30 Third Quartile, City of Brimbank: $50 Median, City of Brimbank: $40 First Quartile, City of Brimbank: $40
Source: Hometrack 2014-2018, Automated Valuation System

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