City of WannerooEconomic profile
Skip to content

City of Wanneroo

Rental listings

At June 2018, the City of Wanneroo had a median house rental of $350, similar to the median house rental for Western Australia.

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
City of Wanneroo20182014Change
Housing value (at June)City of WannerooWestern AustraliaCity of Wanneroo relative to Western AustraliaCity of WannerooWestern AustraliaCity of Wanneroo relative to Western Australia2014 to 2018
House--------------
First Quartile$300$300+0.0%$375$350+7.1%-$75
Median$350$350+0.0%$420$420+0.0%-$70
Third Quartile$400$430-7.0%$480$510-5.9%-$80
Median Rental Yield4.5%4.4%--4.9%4.5%----
Unit--------------
First Quartile$275$260+5.8%$353$320+10.3%-$78
Median$300$320-6.3%$400$400+0.0%-$100
Third Quartile$340$395-13.9%$445$500-11.0%-$105
Median Rental Yield5.0%4.8%--5.4%4.9%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, Western Australia: $395 Median, Western Australia: $320 First Quartile, Western Australia: $260 Third Quartile, Western Australia: $430 Median, Western Australia: $350 First Quartile, Western Australia: $300 Third Quartile, City of Wanneroo: $340 Median, City of Wanneroo: $300 First Quartile, City of Wanneroo: $275 Third Quartile, City of Wanneroo: $400 Median, City of Wanneroo: $350 First Quartile, City of Wanneroo: $300
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, Western Australia: $-105 Median, Western Australia: $-80 First Quartile, Western Australia: $-60 Third Quartile, Western Australia: $-80 Median, Western Australia: $-70 First Quartile, Western Australia: $-50 Third Quartile, City of Wanneroo: $-105 Median, City of Wanneroo: $-100 First Quartile, City of Wanneroo: $-78 Third Quartile, City of Wanneroo: $-80 Median, City of Wanneroo: $-70 First Quartile, City of Wanneroo: $-75
Source: Hometrack 2014-2018, Automated Valuation System

To continue building your economic story go to...

v20.11.10-1.0.0