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 $735, $285 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 2013-2017, Automated Valuation System

Rental listings
Hilltops Council area20172013Change
Housing value (at June)Hilltops Council areaNSWHilltops Council area relative to NSWHilltops Council areaNSWHilltops Council area relative to NSW2013 to 2017
House--------------
First Quartile$606$360+68.3%$230$330-30.3%+$376
Median$735$450+63.3%$250$415-39.8%+$485
Third Quartile$818$600+36.3%$300$570-47.4%+$518
Median Rental Yield18.5%3.7%--6.6%5.1%----
Unit--------------
First Quartile$175$360-51.4%$170$320-46.9%+$5
Median$200$470-57.4%$193$420-54.0%+$7
Third Quartile$231$600-61.5%$220$550-60.0%+$11
Median Rental Yield5.3%4.0%--5.6%5.3%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2017
Rental listings, 2017 Third Quartile, NSW: $600 Median, NSW: $470 First Quartile, NSW: $360 Third Quartile, NSW: $600 Median, NSW: $450 First Quartile, NSW: $360 Third Quartile, Hilltops Council area: $231 Median, Hilltops Council area: $200 First Quartile, Hilltops Council area: $175 Third Quartile, Hilltops Council area: $818 Median, Hilltops Council area: $735 First Quartile, Hilltops Council area: $606
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2017
Change in rental listings, 2013 to 2017 Third Quartile, NSW: $50 Median, NSW: $50 First Quartile, NSW: $40 Third Quartile, NSW: $30 Median, NSW: $35 First Quartile, NSW: $30 Third Quartile, Hilltops Council area: $11 Median, Hilltops Council area: $7 First Quartile, Hilltops Council area: $5 Third Quartile, Hilltops Council area: $518 Median, Hilltops Council area: $485 First Quartile, Hilltops Council area: $376
Source: Hometrack 2011-2016, Automated Valuation System

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