Macarthur Regional Organisation of CouncilsEconomic profile
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Wollondilly Shire

Housing valuation

At June 2016, the Macarthur Region had a median house valuation of $693,005, $256,146 lower than the median house valuation for Greater Sydney.

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
Wollondilly Shire20162013Change
Housing value (at June)Wollondilly ShireGreater SydneyWollondilly Shire relative to Greater SydneyWollondilly ShireGreater SydneyWollondilly Shire relative to Greater Sydney2013 to 2016
House--------------
First Quartile$530,002$669,558-20.8%$376,151$434,107-13.4%+$153,851
Median$693,005$949,151-27.0%$487,608$623,561-21.8%+$205,397
Third Quartile$965,184$1,402,097-31.2%$673,756$885,643-23.9%+$291,428
Unit--------------
First Quartile$336,882$547,903-38.5%$267,304$379,822-29.6%+$69,578
Median$375,746$699,292-46.3%$280,543$492,743-43.1%+$95,203
Third Quartile$452,223$872,649-48.2%$298,427$615,102-51.5%+$153,796

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2016
Housing values, 2016 Third Quartile, Greater Sydney: $872,649 Median, Greater Sydney: $699,292 First Quartile, Greater Sydney: $547,903 Third Quartile, Greater Sydney: $1,402,097 Median, Greater Sydney: $949,151 First Quartile, Greater Sydney: $669,558 Third Quartile, Wollondilly Shire: $452,223 Median, Wollondilly Shire: $375,746 First Quartile, Wollondilly Shire: $336,882 Third Quartile, Wollondilly Shire: $965,184 Median, Wollondilly Shire: $693,005 First Quartile, Wollondilly Shire: $530,002
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2016
Change in housing values, 2013 to 2016 Third Quartile, Greater Sydney: $257,547 Median, Greater Sydney: $206,549 First Quartile, Greater Sydney: $168,081 Third Quartile, Greater Sydney: $516,454 Median, Greater Sydney: $325,590 First Quartile, Greater Sydney: $235,451 Third Quartile, Wollondilly Shire: $153,796 Median, Wollondilly Shire: $95,203 First Quartile, Wollondilly Shire: $69,578 Third Quartile, Wollondilly Shire: $291,428 Median, Wollondilly Shire: $205,397 First Quartile, Wollondilly Shire: $153,851
Source: Hometrack 2011-2016, Housing Valuation System

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