City of Greater SheppartonEconomic profile
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City of Greater Shepparton

Rental listings

At June 2017, the City of Greater Shepparton had a median house rental of $295, $85 lower 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 2013-2017, Automated Valuation System

Rental listings
City of Greater Shepparton20172013Change
Housing value (at June)City of Greater SheppartonVictoriaCity of Greater Shepparton relative to VictoriaCity of Greater SheppartonVictoriaCity of Greater Shepparton relative to Victoria2013 to 2017
House--------------
First Quartile$250$330-24.2%$230$290-20.7%+$20
Median$295$380-22.4%$265$340-22.1%+$30
Third Quartile$340$475-28.4%$320$420-23.8%+$20
Median Rental Yield6.3%3.7%--6.1%4.6%----
Unit--------------
First Quartile$190$300-36.7%$180$270-33.3%+$10
Median$220$370-40.5%$200$330-39.4%+$20
Third Quartile$270$450-40.0%$250$400-37.5%+$20
Median Rental Yield6.2%4.3%--5.6%4.7%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2017
Rental listings, 2017 Third Quartile, Victoria: $450 Median, Victoria: $370 First Quartile, Victoria: $300 Third Quartile, Victoria: $475 Median, Victoria: $380 First Quartile, Victoria: $330 Third Quartile, City of Greater Shepparton: $270 Median, City of Greater Shepparton: $220 First Quartile, City of Greater Shepparton: $190 Third Quartile, City of Greater Shepparton: $340 Median, City of Greater Shepparton: $295 First Quartile, City of Greater Shepparton: $250
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2017
Change in rental listings, 2013 to 2017 Third Quartile, Victoria: $50 Median, Victoria: $40 First Quartile, Victoria: $30 Third Quartile, Victoria: $55 Median, Victoria: $40 First Quartile, Victoria: $40 Third Quartile, City of Greater Shepparton: $20 Median, City of Greater Shepparton: $20 First Quartile, City of Greater Shepparton: $10 Third Quartile, City of Greater Shepparton: $20 Median, City of Greater Shepparton: $30 First Quartile, City of Greater Shepparton: $20
Source: Hometrack 2011-2016, Automated Valuation System

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