Wollondilly Shire CouncilEconomic profile

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Wollondilly Shire

Housing valuation

At June 2016, Wollondilly Shire had a median house valuation of $693,005, $55,472 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

Housing values
Wollondilly Shire20162013Change
Housing value (at June)Wollondilly ShireNew South WalesWollondilly Shire relative to New South WalesWollondilly ShireNew South WalesWollondilly Shire relative to New South Wales2013 to 2016
House--------------
First Quartile$530,002$418,171+26.7%$376,151$331,720+13.4%+$153,851
Median$693,005$637,533+8.7%$487,608$457,239+6.6%+$205,397
Third Quartile$965,184$1,038,768-7.1%$673,756$701,375-3.9%+$291,428
Unit--------------
First Quartile$336,882$422,764-20.3%$267,304$305,938-12.6%+$69,578
Median$375,746$614,575-38.9%$280,543$430,178-34.8%+$95,203
Third Quartile$452,223$811,857-44.3%$298,427$570,847-47.7%+$153,796

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, Wollondilly Shire: $452,223 Median, Wollondilly Shire: $375,746 First Quartile, Wollondilly Shire: $336,882 Third Quartile, Wollondilly Shire: $965,184 Median, Wollondilly Shire: $693,005 First Quartile, Wollondilly Shire: $530,002
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, Wollondilly Shire: $153,796 Median, Wollondilly Shire: $95,203 First Quartile, Wollondilly Shire: $69,578 Third Quartile, Wollondilly Shire: $291,428 Median, Wollondilly Shire: $205,397 First Quartile, Wollondilly Shire: $153,851
Source: Hometrack 2011-2016, Housing Valuation System

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