Housing Rent and Sales Dataset
Rent and Sales statistics for Greater Sydney and Regional NSW by local government area delivered on a quarterly basis.
The Rent and Sales report contains median weekly rent and median sales price statistics by local government area (LGA) since 2011. The report is ongoing and is updated on a quarterly basis by the department of justice.
Median weekly rent can be filtered by dwellings type (for example, house or flat) and/or the number of bedrooms. Median sales price can be filtered by strata or non-strata. For confidentiality:
- rents in any geographical area where the number of new bonds is 10 or less are not reported
- sale prices in any geographical area where the number of sales is 10 or less are not reported
Statistics calculated from sample sizes between 10 and 30 are shown by an ‘s’ in the relevant table. This data should be treated with caution as the data is granular, particularly when assessing quarterly and annual changes.
The total number of rental bonds held does not equal the total number of rental properties. This is because at any given time some rental properties are vacant and rental cases where bonds are not required by a landlord from their tenant (for example, informal lettings).
Individual sales are allocated into time periods according to their contract date, rather than transfer date. Generally, the vendor and purchaser agree on the sale price on or before the contract date. In many instances there is a considerable time lapse between the contract and transfer dates so contract date is more relevant for market price analysis.
The sales data is reported three months after the end of the reference quarter when around 80% of the contracted sales have been notified.
Certain factors create anomalies in the sale price attributed to properties. To ensure that the statistics reflect the market price of a typical residential dwelling the lower and upper 5% of sale prices for each LGA are excluded.
New procedures were introduced in the production of Rent and Sales tables from September 2017. This has produced a break in the rent series and comparisons with tables from old procedures (any reports prior to September 2017) may not be valid.
Key terms
Total Bonds: live bonds held at the last date of the quarter.
Strata title properties: usually include town houses, terraces/villas, flats/units (multi-unit dwellings).
Non-strata title properties: usually refer to a separate house.