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North Sydney Council area

Rental listings

At June 2018, North Sydney had a median house rental of $1,088, $623 higher than the median house rental for New South Wales.

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
North Sydney Council area20182014Change
Housing value (at June)North Sydney Council areaNew South WalesNorth Sydney Council area relative to New South WalesNorth Sydney Council areaNew South WalesNorth Sydney Council area relative to New South Wales2014 to 2018
House--------------
First Quartile$829$370+124.1%$700$330+112.1%+$129
Median$1,088$465+134.0%$900$410+119.5%+$188
Third Quartile$1,400$620+125.8%$1,250$560+123.2%+$150
Median Rental Yield2.6%3.5%--3.0%4.4%----
Unit--------------
First Quartile$525$390+34.6%$460$330+39.4%+$65
Median$640$490+30.6%$570$425+34.1%+$70
Third Quartile$800$620+29.0%$700$550+27.3%+$100
Median Rental Yield3.3%4.0%--4.0%4.6%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, New South Wales: $620 Median, New South Wales: $490 First Quartile, New South Wales: $390 Third Quartile, New South Wales: $620 Median, New South Wales: $465 First Quartile, New South Wales: $370 Third Quartile, North Sydney Council area: $800 Median, North Sydney Council area: $640 First Quartile, North Sydney Council area: $525 Third Quartile, North Sydney Council area: $1,400 Median, North Sydney Council area: $1,088 First Quartile, North Sydney Council area: $829
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, New South Wales: $70 Median, New South Wales: $65 First Quartile, New South Wales: $60 Third Quartile, New South Wales: $60 Median, New South Wales: $55 First Quartile, New South Wales: $40 Third Quartile, North Sydney Council area: $100 Median, North Sydney Council area: $70 First Quartile, North Sydney Council area: $65 Third Quartile, North Sydney Council area: $150 Median, North Sydney Council area: $188 First Quartile, North Sydney Council area: $129
Source: Hometrack 2014-2018, Automated Valuation System

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