Canberra Region Joint Organisation areaEconomic profile
Skip to content

Canberra Region

Housing valuation

At June 2016, the Canberra Region had a median house valuation of $413,441, $1,925 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
Canberra Region20162013Change
Housing value (at June)Canberra RegionRegional NSWCanberra Region relative to Regional NSWCanberra RegionRegional NSWCanberra Region relative to Regional NSW2013 to 2016
House--------------
First Quartile$306,667$289,098+6.1%$271,007$260,225+4.1%+$35,660
Median$413,441$415,366-0.5%$370,196$351,644+5.3%+$43,245
Third Quartile$552,462$568,189-2.8%$491,905$462,975+6.2%+$60,557
Unit--------------
First Quartile$216,937$254,891-14.9%$207,605$219,306-5.3%+$9,332
Median$272,254$332,854-18.2%$249,447$275,224-9.4%+$22,807
Third Quartile$344,142$432,386-20.4%$322,428$347,970-7.3%+$21,714

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, Canberra Region: $344,142 Median, Canberra Region: $272,254 First Quartile, Canberra Region: $216,937 Third Quartile, Canberra Region: $552,462 Median, Canberra Region: $413,441 First Quartile, Canberra Region: $306,667
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, Canberra Region: $21,714 Median, Canberra Region: $22,807 First Quartile, Canberra Region: $9,332 Third Quartile, Canberra Region: $60,557 Median, Canberra Region: $43,245 First Quartile, Canberra Region: $35,660
Source: Hometrack 2011-2016, Housing Valuation System

To continue building your economic story go to...

v17.08.15-1.0.0