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Canberra Region

Housing valuation

At June 2016, the Canberra Region had a median house valuation of $413,449, $224,084 lower than the median house valuation for NSW.

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
Canberra Region20162013Change
Housing value (at June)Canberra RegionNSWCanberra Region relative to NSWCanberra RegionNSWCanberra Region relative to NSW2013 to 2016
House--------------
First Quartile$306,676$418,171-26.7%$271,011$331,720-18.3%+$35,665
Median$413,449$637,533-35.1%$370,197$457,239-19.0%+$43,252
Third Quartile$552,464$1,038,768-46.8%$491,914$701,375-29.9%+$60,550
Unit--------------
First Quartile$216,937$422,764-48.7%$207,605$305,938-32.1%+$9,332
Median$272,254$614,575-55.7%$249,447$430,178-42.0%+$22,807
Third Quartile$344,189$811,857-57.6%$322,428$570,847-43.5%+$21,761

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2016
Housing values, 2016 Third Quartile, NSW: $811,857 Median, NSW: $614,575 First Quartile, NSW: $422,764 Third Quartile, NSW: $1,038,768 Median, NSW: $637,533 First Quartile, NSW: $418,171 Third Quartile, Canberra Region: $344,189 Median, Canberra Region: $272,254 First Quartile, Canberra Region: $216,937 Third Quartile, Canberra Region: $552,464 Median, Canberra Region: $413,449 First Quartile, Canberra Region: $306,676
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2016
Change in housing values, 2013 to 2016 Third Quartile, NSW: $241,010 Median, NSW: $184,397 First Quartile, NSW: $116,826 Third Quartile, NSW: $337,393 Median, NSW: $180,294 First Quartile, NSW: $86,451 Third Quartile, Canberra Region: $21,761 Median, Canberra Region: $22,807 First Quartile, Canberra Region: $9,332 Third Quartile, Canberra Region: $60,550 Median, Canberra Region: $43,252 First Quartile, Canberra Region: $35,665
Source: Hometrack 2011-2016, Housing Valuation System

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