Queanbeyan-Palerang Regional CouncilEconomic profile
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Queanbeyan-Palerang Regional Council area

Rental listings

At June 2017, the Queanbeyan-Palerang Regional Council area had a median house rental of $480, $100 higher than the median house rental for Regional 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 2013-2017, Automated Valuation System

Rental listings
Queanbeyan-Palerang Regional Council area20172013Change
Housing value (at June)Queanbeyan-Palerang Regional Council areaRegional NSWQueanbeyan-Palerang Regional Council area relative to Regional NSWQueanbeyan-Palerang Regional Council areaRegional NSWQueanbeyan-Palerang Regional Council area relative to Regional NSW2013 to 2017
House--------------
First Quartile$410$310+32.3%$370$290+27.6%+$40
Median$480$380+26.3%$450$350+28.6%+$30
Third Quartile$595$460+29.3%$528$425+24.2%+$67
Median Rental Yield4.7%4.9%--4.9%5.5%----
Unit--------------
First Quartile$230$250-8.0%$250$230+8.7%-$20
Median$285$315-9.5%$300$290+3.4%-$15
Third Quartile$365$400-8.8%$380$360+5.6%-$15
Median Rental Yield6.0%5.0%--5.9%5.7%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2017
Rental listings, 2017 Third Quartile, Regional NSW: $400 Median, Regional NSW: $315 First Quartile, Regional NSW: $250 Third Quartile, Regional NSW: $460 Median, Regional NSW: $380 First Quartile, Regional NSW: $310 Third Quartile, Queanbeyan-Palerang Regional Council area: $365 Median, Queanbeyan-Palerang Regional Council area: $285 First Quartile, Queanbeyan-Palerang Regional Council area: $230 Third Quartile, Queanbeyan-Palerang Regional Council area: $595 Median, Queanbeyan-Palerang Regional Council area: $480 First Quartile, Queanbeyan-Palerang Regional Council area: $410
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2017
Change in rental listings, 2013 to 2017 Third Quartile, Regional NSW: $40 Median, Regional NSW: $25 First Quartile, Regional NSW: $20 Third Quartile, Regional NSW: $35 Median, Regional NSW: $30 First Quartile, Regional NSW: $20 Third Quartile, Queanbeyan-Palerang Regional Council area: $-15 Median, Queanbeyan-Palerang Regional Council area: $-15 First Quartile, Queanbeyan-Palerang Regional Council area: $-20 Third Quartile, Queanbeyan-Palerang Regional Council area: $67 Median, Queanbeyan-Palerang Regional Council area: $30 First Quartile, Queanbeyan-Palerang Regional Council area: $40
Source: Hometrack 2011-2016, Automated Valuation System

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