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Upper Lachlan Shire

Housing valuation

At June 2016, the Canberra Region had a median house valuation of $355,217, $60,149 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
Upper Lachlan Shire20162013Change
Housing value (at June)Upper Lachlan ShireRegional NSWUpper Lachlan Shire relative to Regional NSWUpper Lachlan ShireRegional NSWUpper Lachlan Shire relative to Regional NSW2013 to 2016
House--------------
First Quartile$258,889$289,098-10.4%$228,681$260,225-12.1%+$30,208
Median$355,217$415,366-14.5%$296,579$351,644-15.7%+$58,638
Third Quartile$509,414$568,189-10.3%$415,393$462,975-10.3%+$94,021
Unit--------------
First Quartile$372,072$254,891+46.0%$213,596$219,306-2.6%+$158,476
Median$423,988$332,854+27.4%$213,607$275,224-22.4%+$210,381
Third Quartile$680,548$432,386+57.4%$272,487$347,970-21.7%+$408,061

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, Upper Lachlan Shire: $680,548 Median, Upper Lachlan Shire: $423,988 First Quartile, Upper Lachlan Shire: $372,072 Third Quartile, Upper Lachlan Shire: $509,414 Median, Upper Lachlan Shire: $355,217 First Quartile, Upper Lachlan Shire: $258,889
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, Upper Lachlan Shire: $408,061 Median, Upper Lachlan Shire: $210,381 First Quartile, Upper Lachlan Shire: $158,476 Third Quartile, Upper Lachlan Shire: $94,021 Median, Upper Lachlan Shire: $58,638 First Quartile, Upper Lachlan Shire: $30,208
Source: Hometrack 2011-2016, Housing Valuation System

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