Maranoa Regional CouncilEconomic profile
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Maranoa Regional Council

Housing valuation

At June 2016, the Maranoa Regional Council had a median house valuation of $313,034, $130,825 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
Maranoa Regional Council20162013Change
Housing value (at June)Maranoa Regional CouncilQueenslandMaranoa Regional Council relative to QueenslandMaranoa Regional CouncilQueenslandMaranoa Regional Council relative to Queensland2013 to 2016
House--------------
First Quartile$256,144$317,770-19.4%$210,070$303,498-30.8%+$46,074
Median$313,034$443,859-29.5%$309,557$398,530-22.3%+$3,477
Third Quartile$432,773$606,105-28.6%$400,332$512,407-21.9%+$32,441
Unit--------------
First Quartile$439,890$271,125+62.2%$198,763$253,719-21.7%+$241,127
Median$711,772$348,763+104.1%$206,521$315,561-34.6%+$505,251
Third Quartile$793,159$441,982+79.5%$213,973$390,486-45.2%+$579,186

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, Maranoa Regional Council: $793,159 Median, Maranoa Regional Council: $711,772 First Quartile, Maranoa Regional Council: $439,890 Third Quartile, Maranoa Regional Council: $432,773 Median, Maranoa Regional Council: $313,034 First Quartile, Maranoa Regional Council: $256,144
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, Maranoa Regional Council: $579,186 Median, Maranoa Regional Council: $505,251 First Quartile, Maranoa Regional Council: $241,127 Third Quartile, Maranoa Regional Council: $32,441 Median, Maranoa Regional Council: $3,477 First Quartile, Maranoa Regional Council: $46,074
Source: Hometrack 2011-2016, Housing Valuation System

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