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Goulburn Mulwaree Council area

Housing valuation

At June 2016, the Canberra Region had a median house valuation of $372,937, $42,429 lower than the median house valuation for Regional 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
Goulburn Mulwaree Council area20162013Change
Housing value (at June)Goulburn Mulwaree Council areaRegional NSWGoulburn Mulwaree Council area relative to Regional NSWGoulburn Mulwaree Council areaRegional NSWGoulburn Mulwaree Council area relative to Regional NSW2013 to 2016
House--------------
First Quartile$297,517$289,098+2.9%$248,186$260,225-4.6%+$49,331
Median$372,937$415,366-10.2%$297,392$351,644-15.4%+$75,545
Third Quartile$496,679$568,189-12.6%$394,654$462,975-14.8%+$102,025
Unit--------------
First Quartile$229,217$254,891-10.1%$165,845$219,306-24.4%+$63,372
Median$272,885$332,854-18.0%$195,288$275,224-29.0%+$77,597
Third Quartile$335,898$432,386-22.3%$227,664$347,970-34.6%+$108,234

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2016
Housing values, 2016 Third Quartile, Regional NSW: $432,386 Median, Regional NSW: $332,854 First Quartile, Regional NSW: $254,891 Third Quartile, Regional NSW: $568,189 Median, Regional NSW: $415,366 First Quartile, Regional NSW: $289,098 Third Quartile, Goulburn Mulwaree Council area: $335,898 Median, Goulburn Mulwaree Council area: $272,885 First Quartile, Goulburn Mulwaree Council area: $229,217 Third Quartile, Goulburn Mulwaree Council area: $496,679 Median, Goulburn Mulwaree Council area: $372,937 First Quartile, Goulburn Mulwaree Council area: $297,517
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2016
Change in housing values, 2013 to 2016 Third Quartile, Regional NSW: $84,416 Median, Regional NSW: $57,630 First Quartile, Regional NSW: $35,585 Third Quartile, Regional NSW: $105,214 Median, Regional NSW: $63,722 First Quartile, Regional NSW: $28,873 Third Quartile, Goulburn Mulwaree Council area: $108,234 Median, Goulburn Mulwaree Council area: $77,597 First Quartile, Goulburn Mulwaree Council area: $63,372 Third Quartile, Goulburn Mulwaree Council area: $102,025 Median, Goulburn Mulwaree Council area: $75,545 First Quartile, Goulburn Mulwaree Council area: $49,331
Source: Hometrack 2011-2016, Housing Valuation System

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