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Queanbeyan-Palerang Regional Council area

Rental listings

At June 2017, the Canberra Region had a median house rental of $950, $570 higher than the median house rental for Regional NSW.

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 2013-2017, Automated Valuation System

Rental listings
Queanbeyan-Palerang Regional Council area20172013Change
Housing value (at June)Queanbeyan-Palerang Regional Council areaRegional NSWQueanbeyan-Palerang Regional Council area relative to Regional NSWQueanbeyan-Palerang Regional Council areaRegional NSWQueanbeyan-Palerang Regional Council area relative to Regional NSW2013 to 2017
House--------------
First Quartile$790$310+154.8%$720$290+148.3%+$70
Median$950$380+150.0%$850$350+142.9%+$100
Third Quartile$1,210$460+163.0%$1,050$425+147.1%+$160
Median Rental Yield9.2%4.9%--9.6%5.5%----
Unit--------------
First Quartile$600$250+140.0%$495$230+115.2%+$105
Median$690$315+119.0%$610$290+110.3%+$80
Third Quartile$814$400+103.5%$810$360+125.0%+$4
Median Rental Yield5.9%5.0%--12.2%5.7%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2017
Rental listings, 2017 Third Quartile, Regional NSW: $400 Median, Regional NSW: $315 First Quartile, Regional NSW: $250 Third Quartile, Regional NSW: $460 Median, Regional NSW: $380 First Quartile, Regional NSW: $310 Third Quartile, Queanbeyan-Palerang Regional Council area: $814 Median, Queanbeyan-Palerang Regional Council area: $690 First Quartile, Queanbeyan-Palerang Regional Council area: $600 Third Quartile, Queanbeyan-Palerang Regional Council area: $1,210 Median, Queanbeyan-Palerang Regional Council area: $950 First Quartile, Queanbeyan-Palerang Regional Council area: $790
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2017
Change in rental listings, 2013 to 2017 Third Quartile, Regional NSW: $40 Median, Regional NSW: $25 First Quartile, Regional NSW: $20 Third Quartile, Regional NSW: $35 Median, Regional NSW: $30 First Quartile, Regional NSW: $20 Third Quartile, Queanbeyan-Palerang Regional Council area: $4 Median, Queanbeyan-Palerang Regional Council area: $80 First Quartile, Queanbeyan-Palerang Regional Council area: $105 Third Quartile, Queanbeyan-Palerang Regional Council area: $160 Median, Queanbeyan-Palerang Regional Council area: $100 First Quartile, Queanbeyan-Palerang Regional Council area: $70
Source: Hometrack 2011-2016, Automated Valuation System

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