Bathurst Regional CouncilEconomic profile
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Bathurst Regional Council area

Housing valuation

At June 2018, Bathurst Regional Council area had a median house valuation of $437,971, $302,473 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 area20182014Change
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 Wales2014 to 2018
House--------------
First Quartile$350,101$498,085-29.7%$286,955$361,802-20.7%+$63,146
Median$437,971$740,444-40.9%$352,219$508,933-30.8%+$85,752
Third Quartile$555,629$1,171,986-52.6%$449,901$799,290-43.7%+$105,728
Unit--------------
First Quartile$237,379$485,261-51.1%$196,704$343,269-42.7%+$40,675
Median$306,570$676,368-54.7%$236,604$496,521-52.3%+$69,966
Third Quartile$347,929$890,202-60.9%$275,884$659,154-58.1%+$72,045

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, New South Wales: $890,202 Median, New South Wales: $676,368 First Quartile, New South Wales: $485,261 Third Quartile, New South Wales: $1,171,986 Median, New South Wales: $740,444 First Quartile, New South Wales: $498,085 Third Quartile, Bathurst Regional Council area: $347,929 Median, Bathurst Regional Council area: $306,570 First Quartile, Bathurst Regional Council area: $237,379 Third Quartile, Bathurst Regional Council area: $555,629 Median, Bathurst Regional Council area: $437,971 First Quartile, Bathurst Regional Council area: $350,101
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, New South Wales: $231,048 Median, New South Wales: $179,847 First Quartile, New South Wales: $141,992 Third Quartile, New South Wales: $372,696 Median, New South Wales: $231,511 First Quartile, New South Wales: $136,283 Third Quartile, Bathurst Regional Council area: $72,045 Median, Bathurst Regional Council area: $69,966 First Quartile, Bathurst Regional Council area: $40,675 Third Quartile, Bathurst Regional Council area: $105,728 Median, Bathurst Regional Council area: $85,752 First Quartile, Bathurst Regional Council area: $63,146
Source: Hometrack 2014-2018, Housing Valuation System

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