Goulburn MulwareeEconomic profile
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Goulburn Mulwaree Council area

Housing valuation

At June 2016, Goulburn Mulwaree Council area had a median house valuation of $372,937, $264,596 lower than the median house valuation for New South Wales.

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
Goulburn Mulwaree Council area20162013Change
Housing value (at June)Goulburn Mulwaree Council areaNew South WalesGoulburn Mulwaree Council area relative to New South WalesGoulburn Mulwaree Council areaNew South WalesGoulburn Mulwaree Council area relative to New South Wales2013 to 2016
House--------------
First Quartile$297,517$418,171-28.9%$248,186$331,720-25.2%+$49,331
Median$372,937$637,533-41.5%$297,392$457,239-35.0%+$75,545
Third Quartile$496,679$1,038,768-52.2%$394,654$701,375-43.7%+$102,025
Unit--------------
First Quartile$229,217$422,764-45.8%$165,845$305,938-45.8%+$63,372
Median$272,885$614,575-55.6%$195,288$430,178-54.6%+$77,597
Third Quartile$335,898$811,857-58.6%$227,664$570,847-60.1%+$108,234

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2016
Housing values, 2016 Third Quartile, New South Wales: $811,857 Median, New South Wales: $614,575 First Quartile, New South Wales: $422,764 Third Quartile, New South Wales: $1,038,768 Median, New South Wales: $637,533 First Quartile, New South Wales: $418,171 Third Quartile, Goulburn Mulwaree Council area: $335,898 Median, Goulburn Mulwaree Council area: $272,885 First Quartile, Goulburn Mulwaree Council area: $229,217 Third Quartile, Goulburn Mulwaree Council area: $496,679 Median, Goulburn Mulwaree Council area: $372,937 First Quartile, Goulburn Mulwaree Council area: $297,517
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2016
Change in housing values, 2013 to 2016 Third Quartile, New South Wales: $241,010 Median, New South Wales: $184,397 First Quartile, New South Wales: $116,826 Third Quartile, New South Wales: $337,393 Median, New South Wales: $180,294 First Quartile, New South Wales: $86,451 Third Quartile, Goulburn Mulwaree Council area: $108,234 Median, Goulburn Mulwaree Council area: $77,597 First Quartile, Goulburn Mulwaree Council area: $63,372 Third Quartile, Goulburn Mulwaree Council area: $102,025 Median, Goulburn Mulwaree Council area: $75,545 First Quartile, Goulburn Mulwaree Council area: $49,331
Source: Hometrack 2011-2016, Housing Valuation System

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