The Hills Shire CouncilEconomic profile
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The Hills Shire

Rental listings

At June 2018, The Hills Shire had a median house rental of $1,280, $815 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 Shire20182014Change
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 2018
House--------------
First Quartile$1,100$370+197.3%$995$330+201.5%+$105
Median$1,280$465+175.3%$1,180$410+187.8%+$100
Third Quartile$1,483$620+139.2%$1,390$560+148.2%+$93
Median Rental Yield5.4%3.5%--6.6%4.4%----
Unit--------------
First Quartile$960$390+146.2%$840$330+154.5%+$120
Median$1,080$490+120.4%$940$425+121.2%+$140
Third Quartile$1,230$620+98.4%$1,070$550+94.5%+$160
Median Rental Yield7.7%4.0%--8.3%4.6%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, New South Wales: $620 Median, New South Wales: $490 First Quartile, New South Wales: $390 Third Quartile, New South Wales: $620 Median, New South Wales: $465 First Quartile, New South Wales: $370 Third Quartile, The Hills Shire: $1,230 Median, The Hills Shire: $1,080 First Quartile, The Hills Shire: $960 Third Quartile, The Hills Shire: $1,483 Median, The Hills Shire: $1,280 First Quartile, The Hills Shire: $1,100
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, New South Wales: $70 Median, New South Wales: $65 First Quartile, New South Wales: $60 Third Quartile, New South Wales: $60 Median, New South Wales: $55 First Quartile, New South Wales: $40 Third Quartile, The Hills Shire: $160 Median, The Hills Shire: $140 First Quartile, The Hills Shire: $120 Third Quartile, The Hills Shire: $93 Median, The Hills Shire: $100 First Quartile, The Hills Shire: $105
Source: Hometrack 2014-2018, Automated Valuation System

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