Northern Beaches CouncilEconomic profile
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Northern Beaches Council area

Rental listings

At June 2017, the Northern Beaches Council area had a median house rental of $900, $450 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
Northern Beaches Council area20172014Change
Housing value (at June)Northern Beaches Council areaNew South WalesNorthern Beaches Council area relative to New South WalesNorthern Beaches Council areaNew South WalesNorthern Beaches Council area relative to New South Wales2014 to 2017
House--------------
First Quartile$690$360+91.7%$650$330+97.0%+$40
Median$900$450+100.0%$800$410+95.1%+$100
Third Quartile$1,200$600+100.0%$1,100$560+96.4%+$100
Median Rental Yield2.7%3.6%--3.5%4.4%----
Unit--------------
First Quartile$520$370+40.5%$450$330+36.4%+$70
Median$620$480+29.2%$530$425+24.7%+$90
Third Quartile$750$610+23.0%$650$550+18.2%+$100
Median Rental Yield3.6%4.0%--4.3%4.6%----

Source: Hometrack 2014-2017, Automated Valuation System.

Rental listings, 2017
Rental listings, 2017 Third Quartile, New South Wales: $610 Median, New South Wales: $480 First Quartile, New South Wales: $370 Third Quartile, New South Wales: $600 Median, New South Wales: $450 First Quartile, New South Wales: $360 Third Quartile, Northern Beaches Council area: $750 Median, Northern Beaches Council area: $620 First Quartile, Northern Beaches Council area: $520 Third Quartile, Northern Beaches Council area: $1,200 Median, Northern Beaches Council area: $900 First Quartile, Northern Beaches Council area: $690
Source: Hometrack 2014-2017, Automated Valuation System
Change in rental listings, 2014 to 2017
Change in rental listings, 2014 to 2017 Third Quartile, New South Wales: $60 Median, New South Wales: $55 First Quartile, New South Wales: $40 Third Quartile, New South Wales: $40 Median, New South Wales: $40 First Quartile, New South Wales: $30 Third Quartile, Northern Beaches Council area: $100 Median, Northern Beaches Council area: $90 First Quartile, Northern Beaches Council area: $70 Third Quartile, Northern Beaches Council area: $100 Median, Northern Beaches Council area: $100 First Quartile, Northern Beaches Council area: $40
Source: Hometrack 2014-2017, Automated Valuation System

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