Cradle Coast RegionEconomic profile
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Cradle Coast Region

Housing prices

At June 2016, the median house valuation in King Island Council area was $58,520 lower compared to Tasmania.

This indicator shows the value of houses and units in the Cradle Coast Region and wider region during the period 2011-2016. Housing values are an indicator of the level of demand for housing in the area, as well as the type of housing available. Housing demand may be related to the desirability of the area and proximity to major employment destinations.

Value of houses
Value of houses Tasmania: $314,014 Tasmania: $295,998 Tasmania: $287,704 Tasmania: $291,516 Tasmania: $276,463 Tasmania: $288,809 Tasmania: $299,344 Greater Hobart: $403,443 Greater Hobart: $370,101 Greater Hobart: $354,159 Greater Hobart: $347,446 Greater Hobart: $327,506 Greater Hobart: $349,395 Greater Hobart: $362,762 King Island Council area: $229,811 King Island Council area: $220,490 King Island Council area: $194,222 King Island Council area: $232,996 King Island Council area: $206,768 King Island Council area: $205,553 King Island Council area: $189,090
Source: Hometrack 2011-2016, Housing Valuation System
Value of units
Value of units Tasmania: $255,066 Tasmania: $241,363 Tasmania: $227,981 Tasmania: $231,719 Tasmania: $220,481 Tasmania: $234,193 Tasmania: $236,024 Greater Hobart: $300,437 Greater Hobart: $279,434 Greater Hobart: $254,268 Greater Hobart: $258,529 Greater Hobart: $243,745 Greater Hobart: $259,908 Greater Hobart: $275,022 King Island Council area: $360,015 King Island Council area: $302,539 King Island Council area: $623,432 King Island Council area: $0 King Island Council area: $0 King Island Council area: $0 King Island Council area: $0
Source: Hometrack 2011-2016, Housing Valuation System
Median housing value
HousesUnits
Year (at June)King Island Council areaGreater HobartTasmaniaKing Island Council areaGreater HobartTasmania
2011$189,090$362,762$299,344--$275,022$236,024
2012$205,553$349,395$288,809--$259,908$234,193
2013$206,768$327,506$276,463--$243,745$220,481
2014$232,996$347,446$291,516--$258,529$231,719
2015$194,222$354,159$287,704$623,432$254,268$227,981
2016$220,490$370,101$295,998$302,539$279,434$241,363
2017$229,811$403,443$314,014$360,015$300,437$255,066

Source: Hometrack 2011-2016, Housing Valuation System.

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