The Hills Shire CouncilEconomic profile
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The Hills Shire

Rental listings

At June 2017, The Hills Shire had a median house rental of $1,290, $840 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
The Hills Shire20172014Change
Housing value (at June)The Hills ShireNew South WalesThe Hills Shire relative to New South WalesThe Hills ShireNew South WalesThe Hills Shire relative to New South Wales2014 to 2017
House--------------
First Quartile$1,110$360+208.3%$995$330+201.5%+$115
Median$1,290$450+186.7%$1,180$410+187.8%+$110
Third Quartile$1,530$600+155.0%$1,390$560+148.2%+$140
Median Rental Yield5.4%3.6%--6.6%4.4%----
Unit--------------
First Quartile$950$370+156.8%$840$330+154.5%+$110
Median$1,070$480+122.9%$940$425+121.2%+$130
Third Quartile$1,230$610+101.6%$1,070$550+94.5%+$160
Median Rental Yield7.5%4.0%--8.3%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, The Hills Shire: $1,230 Median, The Hills Shire: $1,070 First Quartile, The Hills Shire: $950 Third Quartile, The Hills Shire: $1,530 Median, The Hills Shire: $1,290 First Quartile, The Hills Shire: $1,110
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, The Hills Shire: $160 Median, The Hills Shire: $130 First Quartile, The Hills Shire: $110 Third Quartile, The Hills Shire: $140 Median, The Hills Shire: $110 First Quartile, The Hills Shire: $115
Source: Hometrack 2014-2017, Automated Valuation System

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