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

Rental listings

At June 2018, the Grow South East (South East Metropolitan Region) had a median house rental of $360, similar to 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 2014-2018, Automated Valuation System

Rental listings
City of Canning20182014Change
Housing value (at June)City of CanningGreater PerthCity of Canning relative to Greater PerthCity of CanningGreater PerthCity of Canning relative to Greater Perth2014 to 2018
House--------------
First Quartile$300$300+0.0%$360$370-2.7%-$60
Median$360$360+0.0%$440$430+2.3%-$80
Third Quartile$430$430+0.0%$500$520-3.8%-$70
Median Rental Yield3.7%4.2%--4.0%4.4%----
Unit--------------
First Quartile$290$265+9.4%$345$340+1.5%-$55
Median$320$320+0.0%$400$400+0.0%-$80
Third Quartile$360$395-8.9%$450$500-10.0%-$90
Median Rental Yield4.6%4.7%--4.7%4.8%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, Greater Perth: $395 Median, Greater Perth: $320 First Quartile, Greater Perth: $265 Third Quartile, Greater Perth: $430 Median, Greater Perth: $360 First Quartile, Greater Perth: $300 Third Quartile, City of Canning: $360 Median, City of Canning: $320 First Quartile, City of Canning: $290 Third Quartile, City of Canning: $430 Median, City of Canning: $360 First Quartile, City of Canning: $300
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, Greater Perth: $-105 Median, Greater Perth: $-80 First Quartile, Greater Perth: $-75 Third Quartile, Greater Perth: $-90 Median, Greater Perth: $-70 First Quartile, Greater Perth: $-70 Third Quartile, City of Canning: $-90 Median, City of Canning: $-80 First Quartile, City of Canning: $-55 Third Quartile, City of Canning: $-70 Median, City of Canning: $-80 First Quartile, City of Canning: $-60
Source: Hometrack 2014-2018, Automated Valuation System

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