Bellingen ShireEconomic profile
Skip to content

Bellingen Shire

Housing valuation

At June 2018, Bellingen Shire had a median house valuation of $527,998, $212,446 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
Bellingen Shire20182014Change
Housing value (at June)Bellingen ShireNew South WalesBellingen Shire relative to New South WalesBellingen ShireNew South WalesBellingen Shire relative to New South Wales2014 to 2018
House--------------
First Quartile$425,642$498,085-14.5%$374,387$361,802+3.5%+$51,255
Median$527,998$740,444-28.7%$462,482$508,933-9.1%+$65,516
Third Quartile$670,701$1,171,986-42.8%$583,499$799,290-27.0%+$87,202
Unit--------------
First Quartile$369,166$485,261-23.9%$229,327$343,269-33.2%+$139,839
Median$371,024$676,368-45.1%$234,806$496,521-52.7%+$136,218
Third Quartile$410,604$890,202-53.9%$258,851$659,154-60.7%+$151,753

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, Bellingen Shire: $410,604 Median, Bellingen Shire: $371,024 First Quartile, Bellingen Shire: $369,166 Third Quartile, Bellingen Shire: $670,701 Median, Bellingen Shire: $527,998 First Quartile, Bellingen Shire: $425,642
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, Bellingen Shire: $151,753 Median, Bellingen Shire: $136,218 First Quartile, Bellingen Shire: $139,839 Third Quartile, Bellingen Shire: $87,202 Median, Bellingen Shire: $65,516 First Quartile, Bellingen Shire: $51,255
Source: Hometrack 2014-2018, Housing Valuation System

To continue building your economic story go to...

v20.1.13-1.0.0