Balonne ShireEconomic profile
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Balonne Shire

Housing valuation

At June 2016, the Balonne Shire had a median house valuation of $235,820, $208,039 lower than the median house valuation for Queensland.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2011-2016, Housing Valuation System

Housing values
Balonne Shire20162013Change
Housing value (at June)Balonne ShireQueenslandBalonne Shire relative to QueenslandBalonne ShireQueenslandBalonne Shire relative to Queensland2013 to 2016
House--------------
First Quartile$179,728$317,770-43.4%$99,174$303,498-67.3%+$80,554
Median$235,820$443,859-46.9%$203,563$398,530-48.9%+$32,257
Third Quartile$329,245$606,105-45.7%$308,861$512,407-39.7%+$20,384
Unit--------------
First Quartile$298,492$271,125+10.1%$0$253,719-100.0%+$298,492
Median$314,265$348,763-9.9%$0$315,561-100.0%+$314,265
Third Quartile$399,262$441,982-9.7%$0$390,486-100.0%+$399,262

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2016
Housing values, 2016 Third Quartile, Queensland: $441,982 Median, Queensland: $348,763 First Quartile, Queensland: $271,125 Third Quartile, Queensland: $606,105 Median, Queensland: $443,859 First Quartile, Queensland: $317,770 Third Quartile, Balonne Shire: $399,262 Median, Balonne Shire: $314,265 First Quartile, Balonne Shire: $298,492 Third Quartile, Balonne Shire: $329,245 Median, Balonne Shire: $235,820 First Quartile, Balonne Shire: $179,728
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2016
Change in housing values, 2013 to 2016 Third Quartile, Queensland: $51,496 Median, Queensland: $33,202 First Quartile, Queensland: $17,406 Third Quartile, Queensland: $93,698 Median, Queensland: $45,329 First Quartile, Queensland: $14,272 Third Quartile, Balonne Shire: $399,262 Median, Balonne Shire: $314,265 First Quartile, Balonne Shire: $298,492 Third Quartile, Balonne Shire: $20,384 Median, Balonne Shire: $32,257 First Quartile, Balonne Shire: $80,554
Source: Hometrack 2011-2016, Housing Valuation System

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