Bathurst Regional CouncilEconomic profile
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Bathurst Regional Council area

Housing valuation

At June 2017, Bathurst Regional Council area had a median house valuation of $404,439, $306,567 lower 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 2013-2017, Housing Valuation System

Housing values
Bathurst Regional Council area20172013Change
Housing value (at June)Bathurst Regional Council areaNew South WalesBathurst Regional Council area relative to New South WalesBathurst Regional Council areaNew South WalesBathurst Regional Council area relative to New South Wales2013 to 2017
House--------------
First Quartile$323,409$459,213-29.6%$270,007$331,720-18.6%+$53,402
Median$404,439$711,006-43.1%$332,242$457,239-27.3%+$72,197
Third Quartile$518,766$1,184,666-56.2%$424,971$701,375-39.4%+$93,795
Unit--------------
First Quartile$223,506$461,371-51.6%$183,162$305,938-40.1%+$40,344
Median$274,029$671,543-59.2%$222,918$430,178-48.2%+$51,111
Third Quartile$321,940$903,371-64.4%$256,842$570,847-55.0%+$65,098

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, New South Wales: $903,371 Median, New South Wales: $671,543 First Quartile, New South Wales: $461,371 Third Quartile, New South Wales: $1,184,666 Median, New South Wales: $711,006 First Quartile, New South Wales: $459,213 Third Quartile, Bathurst Regional Council area: $321,940 Median, Bathurst Regional Council area: $274,029 First Quartile, Bathurst Regional Council area: $223,506 Third Quartile, Bathurst Regional Council area: $518,766 Median, Bathurst Regional Council area: $404,439 First Quartile, Bathurst Regional Council area: $323,409
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, New South Wales: $332,524 Median, New South Wales: $241,365 First Quartile, New South Wales: $155,433 Third Quartile, New South Wales: $483,291 Median, New South Wales: $253,767 First Quartile, New South Wales: $127,493 Third Quartile, Bathurst Regional Council area: $65,098 Median, Bathurst Regional Council area: $51,111 First Quartile, Bathurst Regional Council area: $40,344 Third Quartile, Bathurst Regional Council area: $93,795 Median, Bathurst Regional Council area: $72,197 First Quartile, Bathurst Regional Council area: $53,402
Source: Hometrack 2011-2016, Housing Valuation System

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