City of MaribyrnongEconomic profile
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Maribyrnong City

Rental listings

At June 2017, Maribyrnong City had a median house rental of $451, $71 higher than the median house rental for Victoria.

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
Maribyrnong City20172013Change
Housing value (at June)Maribyrnong CityVictoriaMaribyrnong City relative to VictoriaMaribyrnong CityVictoriaMaribyrnong City relative to Victoria2013 to 2017
House--------------
First Quartile$398$330+20.6%$340$290+17.2%+$58
Median$451$380+18.7%$390$340+14.7%+$61
Third Quartile$550$475+15.8%$450$420+7.1%+$100
Median Rental Yield2.8%3.7%--3.8%4.6%----
Unit--------------
First Quartile$310$300+3.3%$260$270-3.7%+$50
Median$360$370-2.7%$320$330-3.0%+$40
Third Quartile$420$450-6.7%$375$400-6.3%+$45
Median Rental Yield4.6%4.3%--4.7%4.7%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2017
Rental listings, 2017 Third Quartile, Victoria: $450 Median, Victoria: $370 First Quartile, Victoria: $300 Third Quartile, Victoria: $475 Median, Victoria: $380 First Quartile, Victoria: $330 Third Quartile, Maribyrnong City: $420 Median, Maribyrnong City: $360 First Quartile, Maribyrnong City: $310 Third Quartile, Maribyrnong City: $550 Median, Maribyrnong City: $451 First Quartile, Maribyrnong City: $398
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2017
Change in rental listings, 2013 to 2017 Third Quartile, Victoria: $50 Median, Victoria: $40 First Quartile, Victoria: $30 Third Quartile, Victoria: $55 Median, Victoria: $40 First Quartile, Victoria: $40 Third Quartile, Maribyrnong City: $45 Median, Maribyrnong City: $40 First Quartile, Maribyrnong City: $50 Third Quartile, Maribyrnong City: $100 Median, Maribyrnong City: $61 First Quartile, Maribyrnong City: $58
Source: Hometrack 2011-2016, Automated Valuation System

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