Camden CouncilEconomic profile
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Camden Council area

Housing valuation

At June 2016, Camden Council area had a median house valuation of $702,107, $64,574 higher than the median house valuation for New South Wales.

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
Camden Council area20162013Change
Housing value (at June)Camden Council areaNew South WalesCamden Council area relative to New South WalesCamden Council areaNew South WalesCamden Council area relative to New South Wales2013 to 2016
House--------------
First Quartile$607,555$418,171+45.3%$413,637$331,720+24.7%+$193,918
Median$702,107$637,533+10.1%$478,342$457,239+4.6%+$223,765
Third Quartile$826,184$1,038,768-20.5%$571,494$701,375-18.5%+$254,690
Unit--------------
First Quartile$423,337$422,764+0.1%$311,934$305,938+2.0%+$111,403
Median$464,712$614,575-24.4%$330,971$430,178-23.1%+$133,741
Third Quartile$544,278$811,857-33.0%$391,365$570,847-31.4%+$152,913

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2016
Housing values, 2016 Third Quartile, New South Wales: $811,857 Median, New South Wales: $614,575 First Quartile, New South Wales: $422,764 Third Quartile, New South Wales: $1,038,768 Median, New South Wales: $637,533 First Quartile, New South Wales: $418,171 Third Quartile, Camden Council area: $544,278 Median, Camden Council area: $464,712 First Quartile, Camden Council area: $423,337 Third Quartile, Camden Council area: $826,184 Median, Camden Council area: $702,107 First Quartile, Camden Council area: $607,555
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2016
Change in housing values, 2013 to 2016 Third Quartile, New South Wales: $241,010 Median, New South Wales: $184,397 First Quartile, New South Wales: $116,826 Third Quartile, New South Wales: $337,393 Median, New South Wales: $180,294 First Quartile, New South Wales: $86,451 Third Quartile, Camden Council area: $152,913 Median, Camden Council area: $133,741 First Quartile, Camden Council area: $111,403 Third Quartile, Camden Council area: $254,690 Median, Camden Council area: $223,765 First Quartile, Camden Council area: $193,918
Source: Hometrack 2011-2016, Housing Valuation System

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