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, $705,618 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 area20172015Change
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 Wales2015 to 2017
House--------------
First Quartile$1,276,938$459,213+178.1%$979,884$385,203+154.4%+$297,054
Median$1,416,624$711,006+99.2%$1,090,426$569,226+91.6%+$326,198
Third Quartile$1,624,010$1,184,666+37.1%$1,228,217$934,175+31.5%+$395,793
Unit--------------
First Quartile$629,845$461,371+36.5%$532,044$380,962+39.7%+$97,801
Median$716,587$671,543+6.7%$614,983$559,521+9.9%+$101,604
Third Quartile$823,345$903,371-8.9%$703,084$740,745-5.1%+$120,261

Source: Hometrack 2015-2017, 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, 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 2015-2017, Housing Valuation System
Change in housing values, 2015 to 2017
Change in housing values, 2015 to 2017 Third Quartile, New South Wales: $162,626 Median, New South Wales: $112,022 First Quartile, New South Wales: $80,409 Third Quartile, New South Wales: $250,491 Median, New South Wales: $141,780 First Quartile, New South Wales: $74,010 Third Quartile, Bayside Council area: $120,261 Median, Bayside Council area: $101,604 First Quartile, Bayside Council area: $97,801 Third Quartile, Bayside Council area: $395,793 Median, Bayside Council area: $326,198 First Quartile, Bayside Council area: $297,054
Source: Hometrack 2015-2017, Housing Valuation System

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