Tablelands Regional CouncilEconomic profile
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Tablelands

Housing valuation

At June 2016, Tablelands had a median house valuation of $327,890, $51,909 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
Tablelands20162013Change
Housing value (at June)TablelandsRegional QLDTablelands relative to Regional QLDTablelandsRegional QLDTablelands relative to Regional QLD2013 to 2016
House--------------
First Quartile$257,304$271,821-5.3%$244,753$278,445-12.1%+$12,551
Median$327,890$379,799-13.7%$308,964$368,796-16.2%+$18,926
Third Quartile$431,099$526,335-18.1%$400,073$469,385-14.8%+$31,026
Unit--------------
First Quartile$170,989$243,161-29.7%$190,438$234,615-18.8%-$19,449
Median$184,999$321,364-42.4%$210,355$289,904-27.4%-$25,356
Third Quartile$250,059$420,520-40.5%$254,656$366,289-30.5%-$4,597

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, Tablelands: $250,059 Median, Tablelands: $184,999 First Quartile, Tablelands: $170,989 Third Quartile, Tablelands: $431,099 Median, Tablelands: $327,890 First Quartile, Tablelands: $257,304
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, Tablelands: $-4,597 Median, Tablelands: $-25,356 First Quartile, Tablelands: $-19,449 Third Quartile, Tablelands: $31,026 Median, Tablelands: $18,926 First Quartile, Tablelands: $12,551
Source: Hometrack 2011-2016, Housing Valuation System

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