Macarthur Regional Organisation of CouncilsEconomic profile
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Macarthur Region

Housing valuation

At June 2016, the Macarthur Region had a median house valuation of $605,483, $343,668 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
Macarthur Region20162013Change
Housing value (at June)Macarthur RegionGreater SydneyMacarthur Region relative to Greater SydneyMacarthur RegionGreater SydneyMacarthur Region relative to Greater Sydney2013 to 2016
House--------------
First Quartile$527,266$669,558-21.3%$333,250$434,107-23.2%+$194,016
Median$605,483$949,151-36.2%$382,859$623,561-38.6%+$222,624
Third Quartile$741,183$1,402,097-47.1%$489,416$885,643-44.7%+$251,767
Unit--------------
First Quartile$387,945$547,903-29.2%$245,144$379,822-35.5%+$142,801
Median$426,778$699,292-39.0%$270,513$492,743-45.1%+$156,265
Third Quartile$473,031$872,649-45.8%$297,889$615,102-51.6%+$175,142

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, Macarthur Region: $473,031 Median, Macarthur Region: $426,778 First Quartile, Macarthur Region: $387,945 Third Quartile, Macarthur Region: $741,183 Median, Macarthur Region: $605,483 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, 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, Macarthur Region: $175,142 Median, Macarthur Region: $156,265 First Quartile, Macarthur Region: $142,801 Third Quartile, Macarthur Region: $251,767 Median, Macarthur Region: $222,624 First Quartile, Macarthur Region: $194,016
Source: Hometrack 2011-2016, Housing Valuation System

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