Woollahra Municipal CouncilEconomic profile
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Woollahra Municipal Council area

Rental listings

At June 2017, Woollahra Municipal Council area had a median house rental of $1,250, $800 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 2013-2017, Automated Valuation System

Rental listings
Woollahra Municipal Council area20172013Change
Housing value (at June)Woollahra Municipal Council areaNew South WalesWoollahra Municipal Council area relative to New South WalesWoollahra Municipal Council areaNew South WalesWoollahra Municipal Council area relative to New South Wales2013 to 2017
House--------------
First Quartile$970$360+169.4%$890$330+169.7%+$80
Median$1,250$450+177.8%$1,195$415+188.0%+$55
Third Quartile$1,800$600+200.0%$1,673$570+193.5%+$127
Median Rental Yield2.7%3.7%--3.8%5.1%----
Unit--------------
First Quartile$595$360+65.3%$510$320+59.4%+$85
Median$700$470+48.9%$620$420+47.6%+$80
Third Quartile$875$600+45.8%$800$550+45.5%+$75
Median Rental Yield3.3%4.0%--4.7%5.3%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2017
Rental listings, 2017 Third Quartile, New South Wales: $600 Median, New South Wales: $470 First Quartile, New South Wales: $360 Third Quartile, New South Wales: $600 Median, New South Wales: $450 First Quartile, New South Wales: $360 Third Quartile, Woollahra Municipal Council area: $875 Median, Woollahra Municipal Council area: $700 First Quartile, Woollahra Municipal Council area: $595 Third Quartile, Woollahra Municipal Council area: $1,800 Median, Woollahra Municipal Council area: $1,250 First Quartile, Woollahra Municipal Council area: $970
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2017
Change in rental listings, 2013 to 2017 Third Quartile, New South Wales: $50 Median, New South Wales: $50 First Quartile, New South Wales: $40 Third Quartile, New South Wales: $30 Median, New South Wales: $35 First Quartile, New South Wales: $30 Third Quartile, Woollahra Municipal Council area: $75 Median, Woollahra Municipal Council area: $80 First Quartile, Woollahra Municipal Council area: $85 Third Quartile, Woollahra Municipal Council area: $127 Median, Woollahra Municipal Council area: $55 First Quartile, Woollahra Municipal Council area: $80
Source: Hometrack 2011-2016, Automated Valuation System

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