Cradle Coast RegionEconomic profile
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Cradle Coast Region

Housing prices

At June 2016, the median house valuation in Murchison Area was $568,705 higher 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: $295,998 Tasmania: $287,704 Tasmania: $291,516 Tasmania: $276,463 Tasmania: $288,809 Tasmania: $299,344 Greater Hobart: $370,101 Greater Hobart: $354,159 Greater Hobart: $347,446 Greater Hobart: $327,506 Greater Hobart: $349,395 Greater Hobart: $362,762 Murchison Area: $759,606 Murchison Area: $756,177 Murchison Area: $860,221 Murchison Area: $792,371 Murchison Area: $771,920 Murchison Area: $811,677
Source: Hometrack 2011-2016, Housing Valuation System
Value of units
Value of units Tasmania: $241,363 Tasmania: $227,981 Tasmania: $231,719 Tasmania: $220,481 Tasmania: $234,193 Tasmania: $236,024 Greater Hobart: $279,434 Greater Hobart: $254,268 Greater Hobart: $258,529 Greater Hobart: $243,745 Greater Hobart: $259,908 Greater Hobart: $275,022 Murchison Area: $1,086,177 Murchison Area: $1,316,065 Murchison Area: $434,345 Murchison Area: $417,301 Murchison Area: $462,839 Murchison Area: $348,887
Source: Hometrack 2011-2016, Housing Valuation System
Median housing value
HousesUnits
Year (at June)Murchison AreaGreater HobartTasmaniaMurchison AreaGreater HobartTasmania
2011$811,677$362,762$299,344$348,887$275,022$236,024
2012$771,920$349,395$288,809$462,839$259,908$234,193
2013$792,371$327,506$276,463$417,301$243,745$220,481
2014$860,221$347,446$291,516$434,345$258,529$231,719
2015$756,177$354,159$287,704$1,316,065$254,268$227,981
2016$759,606$370,101$295,998$1,086,177$279,434$241,363

Source: Hometrack 2011-2016, Housing Valuation System.

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