Grow South East (South East Metropolitan Region)Economic profile
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City of Armadale

Rental listings

At June 2017, the Grow South East (South East Metropolitan Region) had a median house rental of $300, $60 lower than the median house rental for Greater Perth.

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
City of Armadale20172013Change
Housing value (at June)City of ArmadaleGreater PerthCity of Armadale relative to Greater PerthCity of ArmadaleGreater PerthCity of Armadale relative to Greater Perth2013 to 2017
House--------------
First Quartile$255$300-15.0%$350$420-16.7%-$95
Median$300$360-16.7%$380$480-20.8%-$80
Third Quartile$380$430-11.6%$485$595-18.5%-$105
Median Rental Yield4.5%4.1%--5.8%5.0%----
Unit--------------
First Quartile$230$275-16.4%$330$375-12.0%-$100
Median$253$320-20.9%$350$450-22.2%-$97
Third Quartile$275$395-30.4%$370$550-32.7%-$95
Median Rental Yield5.1%4.5%--6.5%5.3%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2017
Rental listings, 2017 Third Quartile, Greater Perth: $395 Median, Greater Perth: $320 First Quartile, Greater Perth: $275 Third Quartile, Greater Perth: $430 Median, Greater Perth: $360 First Quartile, Greater Perth: $300 Third Quartile, City of Armadale: $275 Median, City of Armadale: $253 First Quartile, City of Armadale: $230 Third Quartile, City of Armadale: $380 Median, City of Armadale: $300 First Quartile, City of Armadale: $255
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2017
Change in rental listings, 2013 to 2017 Third Quartile, Greater Perth: $-155 Median, Greater Perth: $-130 First Quartile, Greater Perth: $-100 Third Quartile, Greater Perth: $-165 Median, Greater Perth: $-120 First Quartile, Greater Perth: $-120 Third Quartile, City of Armadale: $-95 Median, City of Armadale: $-97 First Quartile, City of Armadale: $-100 Third Quartile, City of Armadale: $-105 Median, City of Armadale: $-80 First Quartile, City of Armadale: $-95
Source: Hometrack 2011-2016, Automated Valuation System

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