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R and S Report 114
R and S Report 114
The Department of Family and Community Services is authorised as a Property Sales Information provider by Land and Property Information (LPI), Office
of Finance and Services, Department of The Treasury. This report contains property information provided under licence from LPI. The data from which the
sales statistics in this report were generated was supplied by LPI from 1 July 2015 to 31 December 2015.
DISCLAIMER
While every reasonable effort has been made to ensure that this document is correct at the time of release, the State of New South Wales, its agents and
employees, disclaim any and all liability to any person in respect of the consequences of anything done or omitted to be done in reliance upon the whole
or any part of this document.
Rent and Sales Summary
Rent: December Quarter 2015 median rent increased by $20 in the Inner Ring, and by
$10 in the Middle Ring and the rest of the GMR. The
Trends for new bonds at state and regional levels median rent remained unchanged in the Outer Ring.
Over the quarter, the median rent for all dwellings in
The median rent for two bedroom separate houses
Greater Sydney and Middle Ring remained unchanged
increased over the year by $30 (4.6%) in the Inner Ring
at $500. The median rent increased in the Inner
to $680, by $30 (6.7%) in the Middle Ring to $480,
Ring and the Outer Ring by $10 to $600 and $450
by $15 (4.3%) in the Outer Ring to $365 and by $15
respectively. Over the year, the median rent increased
by $5 in the Middle Ring, by $10 in the Inner Ring and (4.6%) to $340 in the rest of the GMR. Over the quarter,
in Greater Sydney, and by $20 in the Outer Ring. the median rent increased by $5 (1.4%) in the Outer
Ring, and remained unchanged in the Middle Ring.
The median rent for two bedroom flats/units increased The median rent decreased by $5 (-0.7%) in the Inner
in Greater Sydney by $20 (4%) to $520 per week over
Ring and by $10 (-2.9%) in the rest of the GMR.
the year but remained unchanged over the quarter. The
rent increased over the year by $10 (1.6%) to $650 Outside of the GMR, the median weekly rent for two
in the Inner Ring, $15 (3.2%) to $485 in the Middle bedroom flats/units increased by $10 (4.3%) to $240
Ring, and $10 (2.5%) to $410 in the Outer Ring. The over the year and remained unchanged over the
median rent increased by $10 (3.1%) to $330 in the rest quarter. The median rent for three bedroom separate
of the Greater Metropolitan Region (GMR). Over the houses increased by $10 (3.3%) to $310 over the
quarter, the median rent increased in the Middle Ring by year and remained unchanged over the quarter.
1.0% and the rest of the GMR by 1.5%, but remained
The number of new bonds lodged over the quarter
unchanged in the Inner Ring and the Outer Ring.
in Greater Sydney decreased by 1.1% to 51,866
The median rent for a three bedroom separate house in bonds. The number of new bonds lodged decreased
Greater Sydney increased by $10 (2.2%) to $460 over by 5.5% in the Inner Ring, by 0.8% in the Outer Ring
the year. The median rent remained unchanged over the and by 3.9% in the rest of the GMR. The number of
quarter. Over the year, the median rent increased by $28 new bonds lodged increased by 4.2% in the Middle
(3.3%) to $850 in the Inner Ring, by $20 (3.6%) to $570 in Ring. Over the year, the number of new bonds lodged
the Middle Ring, by $20 (4.8%) to $440 in the Outer Ring increased by 6.3% in Greater Sydney, 2.2% in the
and by $20 (5.4%) to $390 in the rest of the GMR. Over Inner Ring, 10.0% in the Middle Ring, 7.2% in the
the quarter, the median rent increased by $10 in the Middle Outer Ring, and by 3.5% in the rest of the GMR.
Ring (1.8%), the Outer Ring (2.3%) and the rest of the
GMR (2.6%), and remained unchanged in the Inner Ring. Notable rent movements for local government
areas (LGAs) (ignoring small samples)
The median rent for one bedroom flats/units increased
over the year in the Inner Ring by $20 (4.0%) to $520, For two bedroom flats/units, the largest annual increases
in the Middle Ring by $20 (4.5%) to $460, in the Outer in median rent in Greater Sydney were recorded in
Ring by $10 (2.9%) to $350 and in the rest of the Campbelltown (26.0%) and Lane Cove (12.2%), followed
GMR by $15 (6.3%) to $255. Over the quarter, the by Leichhardt (11.8%) and Botany Bay (11.7%).
$400
Dec Qtr 2015 $600 $500 $450 $500 $450
$350
$300 Qtly change 1.7% 0.0% 2.3% 0.0% 2.3%
$250
Ann. change 1.7% 1.0% 4.7% 2.0% 4.7%
$200
Sales ($’000s)
Dec-11
Mar-12
Jun-12
Sep-12
Dec-12
Mar-13
Jun-13
Sep-13
Dec-13
Mar-14
Jun-14
Sep-14
Dec-14
Mar-15
Jun-15
Sep-15
Dec-15
$850 1
$750
The largest increases over the year in median rent the Inner Ring, by 18.7% in the Middle Ring, by 19.6%
for three bedroom separate houses in Greater in the Outer Ring and, by 6.5% in the rest of the GMR.
Sydney were recorded in Wollondilly (13.5%) and
For non-strata dwellings in Greater Sydney, the median
Randwick (11.3%). Within the rest of the GMR, an sales price increased by 0.9% over the quarter and by
increase of 7.1% was observed in Wollongong. 20.0% over the year. Over the quarter, the sales price
For one bedroom flats/units, the largest annual decreased in the Inner Ring (-0.4%) and the rest of the
increases in median rent were observed in Liverpool GMR (-0.2%), but increased in the Middle Ring (1.5 %) and
(17.3%), Ryde (13.9%) and Leichardt (13.3%). A the Outer Ring (1.3%). The largest quarterly increase of
decrease of 7.1% was observed in Bankstown. 24.3% was recorded in Hunters Hill, followed by 11.5% in
Strathfield and 10.3% in Wollondilly. Lane Cove recorded
For two bedroom separate houses, the largest
a decrease of 15.3% in the median sales price. Over the
annual increase in Greater Sydney was recorded in
year, the sales price for non-strata dwellings increased in
Parramatta (10.1%). Within the rest of the GMR, an
the Inner Ring (15.6%), in the Middle Ring (24.5%), in the
increase of 10.0% was observed in Wollongong.
Outer Ring (18.8%), and in the rest of the GMR (8.5%). The
Amongst the 34 Rural Statistical Areas Level 3 (SA3), largest annual increase was 31.4% recorded in Rockdale,
Goulburn - Yass recorded the highest increase of 9.1% followed by 28.4% in Sutherland, 27.5% in Hornsby,
over the year in the median rent for a two bedroom 26.7% in Campbelltown and 26.4% in North Sydney.
dwelling, while Queanbeyan recorded the largest In the rest of GMR, Wollongong recorded the highest
decrease (3.6%). For three bedroom dwellings, Tumut increase (20.2%) over the year, followed by Port
- Tumbarumba recorded the highest annual increase Stephens (13.4%) and Shellharbour (12.4%).
in median rent of 10.6% while Broken Hill and Far
For strata dwellings in Greater Sydney, the median
West recorded the largest annual decrease (4.3%).
sales price increased by 0.7% for the quarter and by
Within Greater Sydney, 33 LGAs recorded a growth over 13.3% over the year. Over the quarter, the median
the year in the number of new bonds lodged and 10 LGAs sales price increased by 1.2% in the Inner Ring, 2.2%
recorded falls in the number of new bonds lodged. in the Middle Ring and 1.9% in the Outer Ring, but
Note: These results are based on the statistics decreased by 1.9% in the rest of the GMR. In Greater
of new bonds lodged
Chartsinforthe period.
Rent and Sales Report Sydney the largest quarterly increase was recorded in
Trends in Median Rents - Sydney & NSW
Wyong (14.2%), while the largest quarterly decrease
Sales: September Quarter 2015 was 4.6% in Marrickville. Over the year, the median sales
$600
The$550
median sales price for all dwellings across Greater price increased in the Inner Ring (11.4%), Middle Ring
Sydney
$500 increased by 17.2% over the year and, by 1.0% (14.2%) and the Outer Ring (15.7%), but decreased in
$450
over$400
the quarter. Over the quarter, the median sales price the rest of the GMR (-0.7%). Over the year, Hawkesbury
Dollars per week
decreased
$350 by 1.0% in the Inner Ring, whereas median recorded the largest increase of 28.9% followed by
sales$300
price increased by 0.6% in the Middle Ring, by 1.5% Manly (27.9%), Burwood (23.3%) and Wyong (21.6%).
$250
in the Outer Ring, and by 1.1% in the rest of GMR. Over
$200 In the rest of GMR, Wollongong recorded the highest
the year, the median sales price increased by 13.4% in
Dec-11
Mar-12
Jun-12
Sep-12
Dec-12
Mar-13
Jun-13
Sep-13
Dec-13
Mar-14
Jun-14
Sep-14
Dec-14
Mar-15
Jun-15
Sep-15
Dec-15
$850
$750
Sales price ('000s)
$650
$550
$450
$350
Jun-11
Sep-11
Dec-11
Mar-12
Jun-12
Sep-12
Dec-12
Mar-13
Jun-13
Sep-13
Dec-13
Mar-14
Jun-14
Sep-14
Dec-14
Mar-15
Jun-15
Sep-15
2
Table 2. Weekly Rents for New Bonds - Greater Metropolitan Region - All Dwellings - Dec Quarter 2015
3
Table 3. Weekly Rents for New Bonds - Greater Metropolitan Region - Separate Houses - Dec Quarter 2015
4
Table 4. Weekly Rents for New Bonds - Greater Metropolitan Region - Flats/Units - Dec Quarter 2015
5
Table 5. Median Weekly Rents for New Bonds - Rural Statistical Areas Level 3 - Dec Quarter 2015
6
Table 6. New and Total Bonds - Rural Statistical Areas Level 3 - Dec Quarter 2015
7
Table 7. New and Total Bonds - Greater Metropolitan Region - Dec Quarter 2015
8
Statistical Subdivisions (SSDs) in NSW
57
59 58
The numbers on map left refer to the
67 SSD indices in the left margin of
66 61
65 60 Tables 5, 6, 11 and 12. The numbers on
70 the insets refer to LGA indices in the
87 71 64 63 62 Greater Metropolitan Region Tables.
69 GMR
68 54 (See Inset 1)
75 74
73 72
86 82
81
85 80
77 55 Inset 1. Local Government Areas (LGA)
56
84 76 in the Greater Metropolitan Region
83 79 78
47 49
44 48
Newcastle SSD
46
43
Sydney SD 34 33
27 36
29 39
41
38 28
35
32
21
24 26
22 17 3 6
Wollongong SSD 7
50 12 16
4 11
45 25 14 10
1 9
5
13 15 Inner
2 8 Ring
18 23
19
Table 8. Sale Prices — Greater Metropolitan Region — All Dwellings — September Quarter 2015
10
Table 9. Sale Prices — Greater Metropolitan Region — Non Strata — September Quarter 2015
11
Table 10. Sale Prices — Greater Metropolitan Region — Strata — September Quarter 2015
12
Table 11. Sale Prices — Rural Statistical Areas Level 3 — All Dwellings — September Quarter 2015
13
Table 12. Sale Prices — Rural Statistical Areas Level 3 — September Quarter 2015
14
Explanatory notes
1. Statistics in this Report are based on two sources. Rental statistics 2. The sales data are reported three months after the end of the
are derived from information provided on the bond lodgement form reference quarter, when about 80% on average of the contracted
that is lodged with Rental Bonds (RB), NSW Fair Trading, Office of sales have been notified. Waiting a further three months i.e. six months
Finance and Services, Department of The Treasury. Sales statistics are after the end of the reference quarter increases the notifications
derived from information provided on the ‘Notice of Sale or Transfer to about 90%. However, statistical testing on sale price means
of Land’ form that is lodged with Land and Property Information and medians after three months and six months of notifications
(LPI), Office of Finance and Services, Department of The Treasury. do not show any significant difference for most of the LGAs.
2. The geographic areas for reporting data are based on the Australian 3. The quarterly and annual changes are based on revised figures for
Statistical Geography Standard (ASGS) of the Australian Bureau of the previous quarters. Due to the time lapse between the contract
Statistics (ABS) (2011) and on the Australian Standard Geographical date and when the sale is notified, the previous quarters’ figures
Classification (ASGC) of the ABS (2011). For both the rent and sales will usually change each quarter as more sales are reported.
data sets, the address of each dwelling is coded to the Statistical
4. A variety of factors contribute to anomalies in the sale price attributed
Local Area (SLA) under the ASGC (2011) and then aggregated to
to particular properties. To ensure that the statistics reflect the market
the Local Government Area (LGA). The address of each dwelling
price of a typical residential dwelling the lower and upper 5% of sale
is also coded to the Statistical Area Level 2 (SA2) under the ASGS
prices for each LGA have been excluded. At LGA level, this does
(2011) and then aggregated to Statistical Areas Level 3 and Level
not affect the median but does remove outliers in the calculation of
4 (SA3, SA4). Of the 28 SA4 in NSW, 15 aggregate to Greater
the mean and moves the first and third quartiles slightly towards the
Sydney and 13 aggregate to Rest of NSW. The combined area
median. The impact at higher levels of aggregation is less predictable
of Greater Sydney and the LGAs of Newcastle, Cessnock,
but is likely to provide a more reliable indication of sale prices.
Maitland, Port Stephens, Lake Macquarie, Wollongong,
Shellharbour and Kiama is defined as the “Greater Metropolitan 5. Strata title properties usually include town houses, terraces/villas,
Region (GMR)”. The LGAs in Greater Sydney are also grouped flats/units (multi-unit dwellings) whereas non-strata title properties
into Inner, Middle and Outer rings. “Rest of NSW” as used in refer to separate houses. However, any multi-unit dwelling with
this publication is that part of the state not in the GMR. a Torrens title would be counted as a non-strata property.
3. For confidentiality, we do not report rents and sale prices in any Changes to the geography
geographical area where the number of new bonds or sales is 10
Changes were introduced into the September 2012 issue of
or less. Statistics calculated from samples of sizes between 10 and
the Rent and Sales Report to reflect the adoption by the ABS
30 are shown with an ‘s’ to indicate small sample in the relevant
of a new Statistical Geographic Framework described in the
table. We suggest data based on small samples are treated with
Australian Statistical Geography Standard (ASGS) (2011).
caution, particularly when assessing quarterly and annual changes.
Details of the new ASGS are available at www.abs.gov.au, cat.
4. The median is the value that divides a set of ordered numbers no.1270.0.55.001. The changes incorporated into the report are:
equally into a bottom half and top half. Unlike means, medians 1. The Sydney region is now referred to as “Greater Sydney and is
are not significantly affected by unusually high or low values. defined as the aggregation of 15 Statistical Areas Level 4 (SA4)
Therefore median values are better measures of central tendency. of the ASGS (2011). Greater Sydney approximates the Sydney
In addition, some tables provide first and third quartiles. These Statistical Division (SD) under the former ASGC (2006) although the
are the 25 and 75 percentiles in the set of ordered numbers. boundaries are not exactly coincident (the differences are marginal).