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Hilltops Council area

Housing valuation

At June 2016, the Canberra Region had a median house valuation of $716,757, $301,391 higher 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
Hilltops Council area20162013Change
Housing value (at June)Hilltops Council areaRegional NSWHilltops Council area relative to Regional NSWHilltops Council areaRegional NSWHilltops Council area relative to Regional NSW2013 to 2016
House--------------
First Quartile$517,191$289,098+78.9%$514,148$260,225+97.6%+$3,043
Median$716,757$415,366+72.6%$631,744$351,644+79.7%+$85,013
Third Quartile$976,475$568,189+71.9%$835,950$462,975+80.6%+$140,525
Unit--------------
First Quartile$625,297$254,891+145.3%$606,798$219,306+176.7%+$18,499
Median$698,916$332,854+110.0%$662,044$275,224+140.5%+$36,872
Third Quartile$741,535$432,386+71.5%$677,532$347,970+94.7%+$64,003

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, Hilltops Council area: $741,535 Median, Hilltops Council area: $698,916 First Quartile, Hilltops Council area: $625,297 Third Quartile, Hilltops Council area: $976,475 Median, Hilltops Council area: $716,757 First Quartile, Hilltops Council area: $517,191
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, Hilltops Council area: $64,003 Median, Hilltops Council area: $36,872 First Quartile, Hilltops Council area: $18,499 Third Quartile, Hilltops Council area: $140,525 Median, Hilltops Council area: $85,013 First Quartile, Hilltops Council area: $3,043
Source: Hometrack 2011-2016, Housing Valuation System

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