Grow South East (South East Metropolitan Region)Economic profile
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Grow South East (South East Metropolitan Region)

Rental listings

At June 2017, the Grow South East (South East Metropolitan Region) had a median house rental of $350, similar to the median house rental for Western 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 2013-2017, Automated Valuation System

Rental listings
Grow South East (South East Metropolitan Region)20172013Change
Housing value (at June)Grow South East (South East Metropolitan Region)Western AustraliaGrow South East (South East Metropolitan Region) relative to Western AustraliaGrow South East (South East Metropolitan Region)Western AustraliaGrow South East (South East Metropolitan Region) relative to Western Australia2013 to 2017
House--------------
First Quartile$295$300-1.7%$395$390+1.3%-$100
Median$350$350+0.0%$460$460+0.0%-$110
Third Quartile$400$425-5.9%$550$600-8.3%-$150
Median Rental Yield4.1%4.3%--5.1%5.2%----
Unit--------------
First Quartile$275$270+1.9%$375$360+4.2%-$100
Median$320$320+0.0%$430$430+0.0%-$110
Third Quartile$375$390-3.8%$500$550-9.1%-$125
Median Rental Yield4.5%4.6%--5.2%5.5%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2017
Rental listings, 2017 Third Quartile, Western Australia: $390 Median, Western Australia: $320 First Quartile, Western Australia: $270 Third Quartile, Western Australia: $425 Median, Western Australia: $350 First Quartile, Western Australia: $300 Third Quartile, Grow South East (South East Metropolitan Region): $375 Median, Grow South East (South East Metropolitan Region): $320 First Quartile, Grow South East (South East Metropolitan Region): $275 Third Quartile, Grow South East (South East Metropolitan Region): $400 Median, Grow South East (South East Metropolitan Region): $350 First Quartile, Grow South East (South East Metropolitan Region): $295
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2017
Change in rental listings, 2013 to 2017 Third Quartile, Western Australia: $-160 Median, Western Australia: $-110 First Quartile, Western Australia: $-90 Third Quartile, Western Australia: $-175 Median, Western Australia: $-110 First Quartile, Western Australia: $-90 Third Quartile, Grow South East (South East Metropolitan Region): $-125 Median, Grow South East (South East Metropolitan Region): $-110 First Quartile, Grow South East (South East Metropolitan Region): $-100 Third Quartile, Grow South East (South East Metropolitan Region): $-150 Median, Grow South East (South East Metropolitan Region): $-110 First Quartile, Grow South East (South East Metropolitan Region): $-100
Source: Hometrack 2011-2016, Automated Valuation System

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