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Snowy Monaro Regional Council area

Housing valuation

At June 2016, the Canberra Region had a median house valuation of $820,306, $404,940 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
Snowy Monaro Regional Council area20162013Change
Housing value (at June)Snowy Monaro Regional Council areaRegional NSWSnowy Monaro Regional Council area relative to Regional NSWSnowy Monaro Regional Council areaRegional NSWSnowy Monaro Regional Council area relative to Regional NSW2013 to 2016
House--------------
First Quartile$568,178$289,098+96.5%$604,147$260,225+132.2%-$35,969
Median$820,306$415,366+97.5%$812,063$351,644+130.9%+$8,243
Third Quartile$1,153,183$568,189+103.0%$1,057,991$462,975+128.5%+$95,192
Unit--------------
First Quartile$632,287$254,891+148.1%$380,086$219,306+73.3%+$252,201
Median$913,253$332,854+174.4%$480,228$275,224+74.5%+$433,025
Third Quartile$1,399,185$432,386+223.6%$626,978$347,970+80.2%+$772,207

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, Snowy Monaro Regional Council area: $1,399,185 Median, Snowy Monaro Regional Council area: $913,253 First Quartile, Snowy Monaro Regional Council area: $632,287 Third Quartile, Snowy Monaro Regional Council area: $1,153,183 Median, Snowy Monaro Regional Council area: $820,306 First Quartile, Snowy Monaro Regional Council area: $568,178
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, Snowy Monaro Regional Council area: $772,207 Median, Snowy Monaro Regional Council area: $433,025 First Quartile, Snowy Monaro Regional Council area: $252,201 Third Quartile, Snowy Monaro Regional Council area: $95,192 Median, Snowy Monaro Regional Council area: $8,243 First Quartile, Snowy Monaro Regional Council area: $-35,969
Source: Hometrack 2011-2016, Housing Valuation System

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