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Queanbeyan-Palerang Regional Council area

Housing valuation

At June 2016, the Canberra Region had a median house valuation of $1,173,332, $757,966 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
Queanbeyan-Palerang Regional Council area20162013Change
Housing value (at June)Queanbeyan-Palerang Regional Council areaRegional NSWQueanbeyan-Palerang Regional Council area relative to Regional NSWQueanbeyan-Palerang Regional Council areaRegional NSWQueanbeyan-Palerang Regional Council area relative to Regional NSW2013 to 2016
House--------------
First Quartile$894,495$289,098+209.4%$844,963$260,225+224.7%+$49,532
Median$1,173,332$415,366+182.5%$1,086,775$351,644+209.1%+$86,557
Third Quartile$1,504,610$568,189+164.8%$1,396,274$462,975+201.6%+$108,336
Unit--------------
First Quartile$609,179$254,891+139.0%$445,291$219,306+103.0%+$163,888
Median$691,962$332,854+107.9%$523,660$275,224+90.3%+$168,302
Third Quartile$811,417$432,386+87.7%$615,166$347,970+76.8%+$196,251

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, Queanbeyan-Palerang Regional Council area: $811,417 Median, Queanbeyan-Palerang Regional Council area: $691,962 First Quartile, Queanbeyan-Palerang Regional Council area: $609,179 Third Quartile, Queanbeyan-Palerang Regional Council area: $1,504,610 Median, Queanbeyan-Palerang Regional Council area: $1,173,332 First Quartile, Queanbeyan-Palerang Regional Council area: $894,495
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, Queanbeyan-Palerang Regional Council area: $196,251 Median, Queanbeyan-Palerang Regional Council area: $168,302 First Quartile, Queanbeyan-Palerang Regional Council area: $163,888 Third Quartile, Queanbeyan-Palerang Regional Council area: $108,336 Median, Queanbeyan-Palerang Regional Council area: $86,557 First Quartile, Queanbeyan-Palerang Regional Council area: $49,532
Source: Hometrack 2011-2016, Housing Valuation System

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