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, $247,044 lower than the median house valuation for Greater Sydney.

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 areaGreater SydneyCamden Council area relative to Greater SydneyCamden Council areaGreater SydneyCamden Council area relative to Greater Sydney2013 to 2016
House--------------
First Quartile$607,555$669,558-9.3%$413,637$434,107-4.7%+$193,918
Median$702,107$949,151-26.0%$478,342$623,561-23.3%+$223,765
Third Quartile$826,184$1,402,097-41.1%$571,494$885,643-35.5%+$254,690
Unit--------------
First Quartile$423,337$547,903-22.7%$311,934$379,822-17.9%+$111,403
Median$464,712$699,292-33.5%$330,971$492,743-32.8%+$133,741
Third Quartile$544,278$872,649-37.6%$391,365$615,102-36.4%+$152,913

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2016
Housing values, 2016 Third Quartile, Greater Sydney: $872,649 Median, Greater Sydney: $699,292 First Quartile, Greater Sydney: $547,903 Third Quartile, Greater Sydney: $1,402,097 Median, Greater Sydney: $949,151 First Quartile, Greater Sydney: $669,558 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, Greater Sydney: $257,547 Median, Greater Sydney: $206,549 First Quartile, Greater Sydney: $168,081 Third Quartile, Greater Sydney: $516,454 Median, Greater Sydney: $325,590 First Quartile, Greater Sydney: $235,451 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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