Macarthur Regional Organisation of CouncilsEconomic profile
Skip to content

Macarthur Region

Housing valuation

At June 2016, Macarthur Region had a median house valuation of $605,487, $32,046 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
Macarthur Region20162013Change
Housing value (at June)Macarthur RegionNew South WalesMacarthur Region relative to New South WalesMacarthur RegionNew South WalesMacarthur Region relative to New South Wales2013 to 2016
House--------------
First Quartile$527,266$418,171+26.1%$333,250$331,720+0.5%+$194,016
Median$605,487$637,533-5.0%$382,860$457,239-16.3%+$222,627
Third Quartile$741,184$1,038,768-28.6%$489,418$701,375-30.2%+$251,766
Unit--------------
First Quartile$387,951$422,764-8.2%$245,145$305,938-19.9%+$142,806
Median$426,783$614,575-30.6%$270,514$430,178-37.1%+$156,269
Third Quartile$473,104$811,857-41.7%$297,912$570,847-47.8%+$175,192

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, Macarthur Region: $473,104 Median, Macarthur Region: $426,783 First Quartile, Macarthur Region: $387,951 Third Quartile, Macarthur Region: $741,184 Median, Macarthur Region: $605,487 First Quartile, Macarthur Region: $527,266
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, Macarthur Region: $175,192 Median, Macarthur Region: $156,269 First Quartile, Macarthur Region: $142,806 Third Quartile, Macarthur Region: $251,766 Median, Macarthur Region: $222,627 First Quartile, Macarthur Region: $194,016
Source: Hometrack 2011-2016, Housing Valuation System

To continue building your economic story go to...

v17.12.12-1.0.0