Woollahra Municipal CouncilEconomic profile
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Woollahra Municipal Council area

Rental listings

At June 2018, Woollahra Municipal Council area had a median house rental of $1,300, $835 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
Woollahra Municipal Council area20182014Change
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 Wales2014 to 2018
House--------------
First Quartile$950$370+156.8%$850$330+157.6%+$100
Median$1,300$465+179.6%$1,155$410+181.7%+$145
Third Quartile$1,850$620+198.4%$1,673$560+198.8%+$177
Median Rental Yield2.6%3.5%--3.3%4.4%----
Unit--------------
First Quartile$580$390+48.7%$530$330+60.6%+$50
Median$700$490+42.9%$650$425+52.9%+$50
Third Quartile$900$620+45.2%$850$550+54.5%+$50
Median Rental Yield3.4%4.0%--4.1%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, Woollahra Municipal Council area: $900 Median, Woollahra Municipal Council area: $700 First Quartile, Woollahra Municipal Council area: $580 Third Quartile, Woollahra Municipal Council area: $1,850 Median, Woollahra Municipal Council area: $1,300 First Quartile, Woollahra Municipal Council area: $950
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, Woollahra Municipal Council area: $50 Median, Woollahra Municipal Council area: $50 First Quartile, Woollahra Municipal Council area: $50 Third Quartile, Woollahra Municipal Council area: $177 Median, Woollahra Municipal Council area: $145 First Quartile, Woollahra Municipal Council area: $100
Source: Hometrack 2014-2018, Automated Valuation System

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