City of MorelandEconomic profile
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City of Moreland

Rental listings

At June 2018, the City of Moreland had a median house rental of $490, $90 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 2014-2018, Automated Valuation System

Rental listings
City of Moreland20182014Change
Housing value (at June)City of MorelandVictoriaCity of Moreland relative to VictoriaCity of MorelandVictoriaCity of Moreland relative to Victoria2014 to 2018
House--------------
First Quartile$400$345+15.9%$350$295+18.6%+$50
Median$490$400+22.5%$420$350+20.0%+$70
Third Quartile$600$495+21.2%$500$425+17.6%+$100
Median Rental Yield2.9%3.4%--3.6%4.4%----
Unit--------------
First Quartile$350$330+6.1%$300$280+7.1%+$50
Median$390$399-2.3%$349$340+2.6%+$41
Third Quartile$450$495-9.1%$390$420-7.1%+$60
Median Rental Yield4.1%4.2%--4.4%4.5%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, Victoria: $495 Median, Victoria: $399 First Quartile, Victoria: $330 Third Quartile, Victoria: $495 Median, Victoria: $400 First Quartile, Victoria: $345 Third Quartile, City of Moreland: $450 Median, City of Moreland: $390 First Quartile, City of Moreland: $350 Third Quartile, City of Moreland: $600 Median, City of Moreland: $490 First Quartile, City of Moreland: $400
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, Victoria: $75 Median, Victoria: $59 First Quartile, Victoria: $50 Third Quartile, Victoria: $70 Median, Victoria: $50 First Quartile, Victoria: $50 Third Quartile, City of Moreland: $60 Median, City of Moreland: $41 First Quartile, City of Moreland: $50 Third Quartile, City of Moreland: $100 Median, City of Moreland: $70 First Quartile, City of Moreland: $50
Source: Hometrack 2014-2018, Automated Valuation System

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