Bayside CouncilEconomic profile
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Bayside Council area

Housing valuation

At June 2017, Bayside Council area had a median house valuation of $1,416,624, $346,030 higher than the median house valuation for Greater Sydney.

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
Bayside Council area20172013Change
Housing value (at June)Bayside Council areaGreater SydneyBayside Council area relative to Greater SydneyBayside Council areaGreater SydneyBayside Council area relative to Greater Sydney2013 to 2017
House--------------
First Quartile$1,276,938$747,532+70.8%$700,257$434,107+61.3%+$576,681
Median$1,416,624$1,070,594+32.3%$775,461$623,561+24.4%+$641,163
Third Quartile$1,624,010$1,633,900-0.6%$871,638$885,643-1.6%+$752,372
Unit--------------
First Quartile$629,845$593,223+6.2%$408,712$379,822+7.6%+$221,133
Median$716,587$763,475-6.1%$463,726$492,743-5.9%+$252,861
Third Quartile$823,345$982,344-16.2%$537,344$615,102-12.6%+$286,001

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Greater Sydney: $982,344 Median, Greater Sydney: $763,475 First Quartile, Greater Sydney: $593,223 Third Quartile, Greater Sydney: $1,633,900 Median, Greater Sydney: $1,070,594 First Quartile, Greater Sydney: $747,532 Third Quartile, Bayside Council area: $823,345 Median, Bayside Council area: $716,587 First Quartile, Bayside Council area: $629,845 Third Quartile, Bayside Council area: $1,624,010 Median, Bayside Council area: $1,416,624 First Quartile, Bayside Council area: $1,276,938
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, Greater Sydney: $367,242 Median, Greater Sydney: $270,732 First Quartile, Greater Sydney: $213,401 Third Quartile, Greater Sydney: $748,257 Median, Greater Sydney: $447,033 First Quartile, Greater Sydney: $313,425 Third Quartile, Bayside Council area: $286,001 Median, Bayside Council area: $252,861 First Quartile, Bayside Council area: $221,133 Third Quartile, Bayside Council area: $752,372 Median, Bayside Council area: $641,163 First Quartile, Bayside Council area: $576,681
Source: Hometrack 2011-2016, Housing Valuation System

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