Queanbeyan-Palerang Regional CouncilEconomic profile
Skip to content

Queanbeyan-Palerang Regional Council area

Rental listings

At June 2018, the Queanbeyan-Palerang Regional Council area had a median house rental of $498, $33 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 2014-2018, Automated Valuation System

Rental listings
Queanbeyan-Palerang Regional Council area20182014Change
Housing value (at June)Queanbeyan-Palerang Regional Council areaNSWQueanbeyan-Palerang Regional Council area relative to NSWQueanbeyan-Palerang Regional Council areaNSWQueanbeyan-Palerang Regional Council area relative to NSW2014 to 2018
House--------------
First Quartile$421$370+13.8%$350$330+6.1%+$71
Median$498$465+7.1%$438$410+6.8%+$60
Third Quartile$624$620+0.6%$529$560-5.5%+$95
Median Rental Yield4.6%3.5%--4.8%4.4%----
Unit--------------
First Quartile$250$390-35.9%$230$330-30.3%+$20
Median$320$490-34.7%$290$425-31.8%+$30
Third Quartile$400$620-35.5%$360$550-34.5%+$40
Median Rental Yield5.9%4.0%--5.6%4.6%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, NSW: $620 Median, NSW: $490 First Quartile, NSW: $390 Third Quartile, NSW: $620 Median, NSW: $465 First Quartile, NSW: $370 Third Quartile, Queanbeyan-Palerang Regional Council area: $400 Median, Queanbeyan-Palerang Regional Council area: $320 First Quartile, Queanbeyan-Palerang Regional Council area: $250 Third Quartile, Queanbeyan-Palerang Regional Council area: $624 Median, Queanbeyan-Palerang Regional Council area: $498 First Quartile, Queanbeyan-Palerang Regional Council area: $421
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, NSW: $70 Median, NSW: $65 First Quartile, NSW: $60 Third Quartile, NSW: $60 Median, NSW: $55 First Quartile, NSW: $40 Third Quartile, Queanbeyan-Palerang Regional Council area: $40 Median, Queanbeyan-Palerang Regional Council area: $30 First Quartile, Queanbeyan-Palerang Regional Council area: $20 Third Quartile, Queanbeyan-Palerang Regional Council area: $95 Median, Queanbeyan-Palerang Regional Council area: $60 First Quartile, Queanbeyan-Palerang Regional Council area: $71
Source: Hometrack 2014-2018, Automated Valuation System

To continue building your economic story go to...

v19.10.22-1.0.0