Shire of Serpentine JarrahdaleEconomic profile
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Shire of Serpentine Jarrahdale

Housing valuation

At June 2016, Shire of Serpentine Jarrahdale had a median house valuation of $504,913, $4,688 higher than the median house valuation for Western Australia.

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
Shire of Serpentine Jarrahdale20162013Change
Housing value (at June)Shire of Serpentine JarrahdaleWestern AustraliaShire of Serpentine Jarrahdale relative to Western AustraliaShire of Serpentine JarrahdaleWestern AustraliaShire of Serpentine Jarrahdale relative to Western Australia2013 to 2016
House--------------
First Quartile$422,686$392,026+7.8%$409,862$380,886+7.6%+$12,824
Median$504,913$500,225+0.9%$543,989$496,421+9.6%-$39,076
Third Quartile$749,990$666,749+12.5%$772,707$667,328+15.8%-$22,717
Unit--------------
First Quartile$246,411$311,574-20.9%$255,871$313,575-18.4%-$9,460
Median$359,092$392,052-8.4%$336,136$392,444-14.3%+$22,956
Third Quartile$387,177$489,269-20.9%$337,272$504,487-33.1%+$49,905

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2016
Housing values, 2016 Third Quartile, Western Australia: $489,269 Median, Western Australia: $392,052 First Quartile, Western Australia: $311,574 Third Quartile, Western Australia: $666,749 Median, Western Australia: $500,225 First Quartile, Western Australia: $392,026 Third Quartile, Shire of Serpentine Jarrahdale: $387,177 Median, Shire of Serpentine Jarrahdale: $359,092 First Quartile, Shire of Serpentine Jarrahdale: $246,411 Third Quartile, Shire of Serpentine Jarrahdale: $749,990 Median, Shire of Serpentine Jarrahdale: $504,913 First Quartile, Shire of Serpentine Jarrahdale: $422,686
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2016
Change in housing values, 2013 to 2016 Third Quartile, Western Australia: $-15,218 Median, Western Australia: $-392 First Quartile, Western Australia: $-2,001 Third Quartile, Western Australia: $-579 Median, Western Australia: $3,804 First Quartile, Western Australia: $11,140 Third Quartile, Shire of Serpentine Jarrahdale: $49,905 Median, Shire of Serpentine Jarrahdale: $22,956 First Quartile, Shire of Serpentine Jarrahdale: $-9,460 Third Quartile, Shire of Serpentine Jarrahdale: $-22,717 Median, Shire of Serpentine Jarrahdale: $-39,076 First Quartile, Shire of Serpentine Jarrahdale: $12,824
Source: Hometrack 2011-2016, Housing Valuation System

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