Clarence Valley CouncilEconomic profile
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Clarence Valley Council area

Rental listings

At June 2018, Clarence Valley Council had a median house rental of $410, $55 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 2014-2018, Automated Valuation System

Rental listings
Clarence Valley Council area20182014Change
Housing value (at June)Clarence Valley Council areaNew South WalesClarence Valley Council area relative to New South WalesClarence Valley Council areaNew South WalesClarence Valley Council area relative to New South Wales2014 to 2018
House--------------
First Quartile$350$370-5.4%$260$330-21.2%+$90
Median$410$465-11.8%$300$410-26.8%+$110
Third Quartile$550$620-11.3%$340$560-39.3%+$210
Median Rental Yield5.6%3.5%--5.3%4.4%----
Unit--------------
First Quartile$286$390-26.7%$200$330-39.4%+$86
Median$375$490-23.5%$250$425-41.2%+$125
Third Quartile$500$620-19.4%$310$550-43.6%+$190
Median Rental Yield5.5%4.0%--5.1%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, Clarence Valley Council area: $500 Median, Clarence Valley Council area: $375 First Quartile, Clarence Valley Council area: $286 Third Quartile, Clarence Valley Council area: $550 Median, Clarence Valley Council area: $410 First Quartile, Clarence Valley Council area: $350
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, Clarence Valley Council area: $190 Median, Clarence Valley Council area: $125 First Quartile, Clarence Valley Council area: $86 Third Quartile, Clarence Valley Council area: $210 Median, Clarence Valley Council area: $110 First Quartile, Clarence Valley Council area: $90
Source: Hometrack 2014-2018, Automated Valuation System

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