The Hills Shire CouncilEconomic profile

Have you noticed that pages have moved around? We've updated the structure of economic profile to make it easier to find what you need. Read the full list of changes

Skip to content

The Hills Shire

Housing valuation

At June 2016, The Hills Shire had a median house valuation of $1,195,865, $558,332 higher than the median house valuation for New South Wales.

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

PLEASE NOTE: The data presented on this page is based on the previous boundary and has not been adjusted to align with the new LGA boundary that came into effect on 12th May 2016. Work to align the data to the new boundary is currently underway.

Housing values
The Hills Shire20162013Change
Housing value (at June)The Hills ShireNew South WalesThe Hills Shire relative to New South WalesThe Hills ShireNew South WalesThe Hills Shire relative to New South Wales2013 to 2016
House--------------
First Quartile$1,030,170$418,171+146.4%$653,979$331,720+97.1%+$376,191
Median$1,195,865$637,533+87.6%$736,534$457,239+61.1%+$459,331
Third Quartile$1,460,492$1,038,768+40.6%$872,068$701,375+24.3%+$588,424
Unit--------------
First Quartile$697,043$422,764+64.9%$481,493$305,938+57.4%+$215,550
Median$775,546$614,575+26.2%$521,210$430,178+21.2%+$254,336
Third Quartile$837,073$811,857+3.1%$556,997$570,847-2.4%+$280,076

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2016
Housing values, 2016 Third Quartile, New South Wales: $811,857 Median, New South Wales: $614,575 First Quartile, New South Wales: $422,764 Third Quartile, New South Wales: $1,038,768 Median, New South Wales: $637,533 First Quartile, New South Wales: $418,171 Third Quartile, The Hills Shire: $837,073 Median, The Hills Shire: $775,546 First Quartile, The Hills Shire: $697,043 Third Quartile, The Hills Shire: $1,460,492 Median, The Hills Shire: $1,195,865 First Quartile, The Hills Shire: $1,030,170
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2016
Change in housing values, 2013 to 2016 Third Quartile, New South Wales: $241,010 Median, New South Wales: $184,397 First Quartile, New South Wales: $116,826 Third Quartile, New South Wales: $337,393 Median, New South Wales: $180,294 First Quartile, New South Wales: $86,451 Third Quartile, The Hills Shire: $280,076 Median, The Hills Shire: $254,336 First Quartile, The Hills Shire: $215,550 Third Quartile, The Hills Shire: $588,424 Median, The Hills Shire: $459,331 First Quartile, The Hills Shire: $376,191
Source: Hometrack 2011-2016, Housing Valuation System

To continue building your economic story go to...

v16.07.05-1.0.8