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

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 Kalamunda20182014Change
Housing value (at June)City of KalamundaGreater PerthCity of Kalamunda relative to Greater PerthCity of KalamundaGreater PerthCity of Kalamunda relative to Greater Perth2014 to 2018
House--------------
First Quartile$320$300+6.7%$400$370+8.1%-$80
Median$360$360+0.0%$438$430+1.9%-$78
Third Quartile$400$430-7.0%$489$520-6.0%-$89
Median Rental Yield5.0%4.2%--5.0%4.4%----
Unit--------------
First Quartile$256$265-3.4%$275$340-19.1%-$19
Median$285$320-10.9%$310$400-22.5%-$25
Third Quartile$301$395-23.8%$315$500-37.0%-$14
Median Rental Yield4.6%4.7%--5.6%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 Kalamunda: $301 Median, City of Kalamunda: $285 First Quartile, City of Kalamunda: $256 Third Quartile, City of Kalamunda: $400 Median, City of Kalamunda: $360 First Quartile, City of Kalamunda: $320
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 Kalamunda: $-14 Median, City of Kalamunda: $-25 First Quartile, City of Kalamunda: $-19 Third Quartile, City of Kalamunda: $-89 Median, City of Kalamunda: $-78 First Quartile, City of Kalamunda: $-80
Source: Hometrack 2014-2018, Automated Valuation System

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