Murweh ShireEconomic profile
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Murweh Shire

Housing valuation

At June 2016, the Murweh Shire had a median house valuation of $144,944, $234,855 lower than the median house valuation for Regional QLD.

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
Murweh Shire20162013Change
Housing value (at June)Murweh ShireRegional QLDMurweh Shire relative to Regional QLDMurweh ShireRegional QLDMurweh Shire relative to Regional QLD2013 to 2016
House--------------
First Quartile$107,064$271,821-60.6%$119,503$278,445-57.1%-$12,439
Median$144,944$379,799-61.8%$158,746$368,796-57.0%-$13,802
Third Quartile$186,131$526,335-64.6%$188,209$469,385-59.9%-$2,078
Unit--------------
First Quartile$260,233$243,161+7.0%$0$234,615-100.0%+$260,233
Median$281,061$321,364-12.5%$0$289,904-100.0%+$281,061
Third Quartile$712,636$420,520+69.5%$0$366,289-100.0%+$712,636

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2016
Housing values, 2016 Third Quartile, Regional QLD: $420,520 Median, Regional QLD: $321,364 First Quartile, Regional QLD: $243,161 Third Quartile, Regional QLD: $526,335 Median, Regional QLD: $379,799 First Quartile, Regional QLD: $271,821 Third Quartile, Murweh Shire: $712,636 Median, Murweh Shire: $281,061 First Quartile, Murweh Shire: $260,233 Third Quartile, Murweh Shire: $186,131 Median, Murweh Shire: $144,944 First Quartile, Murweh Shire: $107,064
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2016
Change in housing values, 2013 to 2016 Third Quartile, Regional QLD: $54,231 Median, Regional QLD: $31,460 First Quartile, Regional QLD: $8,546 Third Quartile, Regional QLD: $56,950 Median, Regional QLD: $11,003 First Quartile, Regional QLD: $-6,624 Third Quartile, Murweh Shire: $712,636 Median, Murweh Shire: $281,061 First Quartile, Murweh Shire: $260,233 Third Quartile, Murweh Shire: $-2,078 Median, Murweh Shire: $-13,802 First Quartile, Murweh Shire: $-12,439
Source: Hometrack 2011-2016, Housing Valuation System

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