Hilltops Council areaEconomic profile
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Hilltops Council area

Rental listings

At June 2017, the Hilltops Council area had a median house rental of $1,000, $550 higher than the median house rental for NSW.

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
Hilltops Council area20172014Change
Housing value (at June)Hilltops Council areaNSWHilltops Council area relative to NSWHilltops Council areaNSWHilltops Council area relative to NSW2014 to 2017
House--------------
First Quartile$836$360+132.2%$715$330+116.7%+$121
Median$1,000$450+122.2%$780$410+90.2%+$220
Third Quartile$1,118$600+86.3%$845$560+50.9%+$273
Median Rental Yield24.4%3.6%--14.7%4.4%----
Unit--------------
First Quartile$350$370-5.4%$339$330+2.7%+$11
Median$420$480-12.5%$403$425-5.2%+$17
Third Quartile$479$610-21.5%$461$550-16.2%+$18
Median Rental Yield10.8%4.0%--11.0%4.6%----

Source: Hometrack 2014-2017, Automated Valuation System.

Rental listings, 2017
Rental listings, 2017 Third Quartile, NSW: $610 Median, NSW: $480 First Quartile, NSW: $370 Third Quartile, NSW: $600 Median, NSW: $450 First Quartile, NSW: $360 Third Quartile, Hilltops Council area: $479 Median, Hilltops Council area: $420 First Quartile, Hilltops Council area: $350 Third Quartile, Hilltops Council area: $1,118 Median, Hilltops Council area: $1,000 First Quartile, Hilltops Council area: $836
Source: Hometrack 2014-2017, Automated Valuation System
Change in rental listings, 2014 to 2017
Change in rental listings, 2014 to 2017 Third Quartile, NSW: $60 Median, NSW: $55 First Quartile, NSW: $40 Third Quartile, NSW: $40 Median, NSW: $40 First Quartile, NSW: $30 Third Quartile, Hilltops Council area: $18 Median, Hilltops Council area: $17 First Quartile, Hilltops Council area: $11 Third Quartile, Hilltops Council area: $273 Median, Hilltops Council area: $220 First Quartile, Hilltops Council area: $121
Source: Hometrack 2014-2017, Automated Valuation System

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