Bayside CouncilEconomic profile
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Bayside Council area

Housing valuation

At June 2018, Bayside Council area had a median house valuation of $1,338,614, $598,170 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 2013-2017, Housing Valuation System

Housing values
Bayside Council area20182017Change
Housing value (at June)Bayside Council areaNew South WalesBayside Council area relative to New South WalesBayside Council areaNew South WalesBayside Council area relative to New South Wales2017 to 2018
House--------------
First Quartile$1,200,707$498,085+141.1%$1,283,437$461,301+178.2%-$82,730
Median$1,338,614$740,444+80.8%$1,421,501$712,545+99.5%-$82,887
Third Quartile$1,525,515$1,171,986+30.2%$1,628,268$1,184,705+37.4%-$102,753
Unit--------------
First Quartile$642,630$485,261+32.4%$634,048$460,449+37.7%+$8,582
Median$721,952$676,368+6.7%$718,910$671,373+7.1%+$3,042
Third Quartile$823,946$890,202-7.4%$821,749$903,359-9.0%+$2,197

Source: Hometrack 2017-2018, 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, Bayside Council area: $823,946 Median, Bayside Council area: $721,952 First Quartile, Bayside Council area: $642,630 Third Quartile, Bayside Council area: $1,525,515 Median, Bayside Council area: $1,338,614 First Quartile, Bayside Council area: $1,200,707
Source: Hometrack 2017-2018, Housing Valuation System
Change in housing values, 2017 to 2018
Change in housing values, 2017 to 2018 Third Quartile, New South Wales: $-13,157 Median, New South Wales: $4,995 First Quartile, New South Wales: $24,812 Third Quartile, New South Wales: $-12,719 Median, New South Wales: $27,899 First Quartile, New South Wales: $36,784 Third Quartile, Bayside Council area: $2,197 Median, Bayside Council area: $3,042 First Quartile, Bayside Council area: $8,582 Third Quartile, Bayside Council area: $-102,753 Median, Bayside Council area: $-82,887 First Quartile, Bayside Council area: $-82,730
Source: Hometrack 2017-2018, Housing Valuation System

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