Bega Valley ShireEconomic profile
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Bega Valley Shire

Housing valuation

At June 2018, Bega Valley Shire had a median house valuation of $498,019, $242,425 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 2014-2018, Housing Valuation System

Housing values
Bega Valley Shire20182014Change
Housing value (at June)Bega Valley ShireNew South WalesBega Valley Shire relative to New South WalesBega Valley ShireNew South WalesBega Valley Shire relative to New South Wales2014 to 2018
House--------------
First Quartile$392,598$498,085-21.2%$313,503$361,802-13.3%+$79,095
Median$498,019$740,444-32.7%$392,590$508,933-22.9%+$105,429
Third Quartile$606,435$1,171,986-48.3%$480,065$799,290-39.9%+$126,370
Unit--------------
First Quartile$259,310$485,261-46.6%$207,955$343,269-39.4%+$51,355
Median$315,411$676,368-53.4%$235,487$496,521-52.6%+$79,924
Third Quartile$356,388$890,202-60.0%$303,952$659,154-53.9%+$52,436

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, Bega Valley Shire: $356,388 Median, Bega Valley Shire: $315,411 First Quartile, Bega Valley Shire: $259,310 Third Quartile, Bega Valley Shire: $606,435 Median, Bega Valley Shire: $498,019 First Quartile, Bega Valley Shire: $392,598
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, Bega Valley Shire: $52,436 Median, Bega Valley Shire: $79,924 First Quartile, Bega Valley Shire: $51,355 Third Quartile, Bega Valley Shire: $126,370 Median, Bega Valley Shire: $105,429 First Quartile, Bega Valley Shire: $79,095
Source: Hometrack 2014-2018, Housing Valuation System

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