Balonne ShireEconomic profile
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Balonne Shire

Housing valuation

At June 2018, Balonne Shire had a median house valuation of $225,028, $233,332 lower than the median house valuation for Queensland.

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 2014-2018, Housing Valuation System

Housing values
Balonne Shire20182014Change
Housing value (at June)Balonne ShireQueenslandBalonne Shire relative to QueenslandBalonne ShireQueenslandBalonne Shire relative to Queensland2014 to 2018
House--------------
First Quartile$166,833$316,285-47.3%$114,165$316,236-63.9%+$52,668
Median$225,028$458,360-50.9%$209,302$418,290-50.0%+$15,726
Third Quartile$319,507$639,156-50.0%$292,840$543,256-46.1%+$26,667
Unit--------------
First Quartile$0$273,559-100.0%$0$262,692-100.0%0
Median$0$356,880-100.0%$0$328,583-100.0%0
Third Quartile$0$444,896-100.0%$0$408,410-100.0%0

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Queensland: $444,896 Median, Queensland: $356,880 First Quartile, Queensland: $273,559 Third Quartile, Queensland: $639,156 Median, Queensland: $458,360 First Quartile, Queensland: $316,285 Third Quartile, Balonne Shire: $0 Median, Balonne Shire: $0 First Quartile, Balonne Shire: $0 Third Quartile, Balonne Shire: $319,507 Median, Balonne Shire: $225,028 First Quartile, Balonne Shire: $166,833
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Queensland: $36,486 Median, Queensland: $28,297 First Quartile, Queensland: $10,867 Third Quartile, Queensland: $95,900 Median, Queensland: $40,070 First Quartile, Queensland: $49 Third Quartile, Balonne Shire: $0 Median, Balonne Shire: $0 First Quartile, Balonne Shire: $0 Third Quartile, Balonne Shire: $26,667 Median, Balonne Shire: $15,726 First Quartile, Balonne Shire: $52,668
Source: Hometrack 2014-2018, Housing Valuation System

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