Gympie Regional CouncilEconomic profile
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Gympie Regional Council

Housing valuation

At June 2016, the Gympie Regional Council had a median house valuation of $304,982, $138,877 lower than the median house valuation for Queensland.

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
Gympie Regional Council20162013Change
Housing value (at June)Gympie Regional CouncilQueenslandGympie Regional Council relative to QueenslandGympie Regional CouncilQueenslandGympie Regional Council relative to Queensland2013 to 2016
House--------------
First Quartile$238,762$317,770-24.9%$234,996$303,498-22.6%+$3,766
Median$304,982$443,859-31.3%$291,046$398,530-27.0%+$13,936
Third Quartile$381,238$606,105-37.1%$362,125$512,407-29.3%+$19,113
Unit--------------
First Quartile$183,101$271,125-32.5%$192,898$253,719-24.0%-$9,797
Median$204,408$348,763-41.4%$207,771$315,561-34.2%-$3,363
Third Quartile$236,846$441,982-46.4%$258,961$390,486-33.7%-$22,115

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2016
Housing values, 2016 Third Quartile, Queensland: $441,982 Median, Queensland: $348,763 First Quartile, Queensland: $271,125 Third Quartile, Queensland: $606,105 Median, Queensland: $443,859 First Quartile, Queensland: $317,770 Third Quartile, Gympie Regional Council: $236,846 Median, Gympie Regional Council: $204,408 First Quartile, Gympie Regional Council: $183,101 Third Quartile, Gympie Regional Council: $381,238 Median, Gympie Regional Council: $304,982 First Quartile, Gympie Regional Council: $238,762
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2016
Change in housing values, 2013 to 2016 Third Quartile, Queensland: $51,496 Median, Queensland: $33,202 First Quartile, Queensland: $17,406 Third Quartile, Queensland: $93,698 Median, Queensland: $45,329 First Quartile, Queensland: $14,272 Third Quartile, Gympie Regional Council: $-22,115 Median, Gympie Regional Council: $-3,363 First Quartile, Gympie Regional Council: $-9,797 Third Quartile, Gympie Regional Council: $19,113 Median, Gympie Regional Council: $13,936 First Quartile, Gympie Regional Council: $3,766
Source: Hometrack 2011-2016, Housing Valuation System

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