Broken Hill CityEconomic profile
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Broken Hill City

Housing valuation

At June 2017, Broken Hill City had a median house valuation of $105,480, $605,526 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 2013-2017, Housing Valuation System

Housing values
Broken Hill City20172013Change
Housing value (at June)Broken Hill CityNew South WalesBroken Hill City relative to New South WalesBroken Hill CityNew South WalesBroken Hill City relative to New South Wales2013 to 2017
House--------------
First Quartile$77,487$459,213-83.1%$122,637$331,720-63.0%-$45,150
Median$105,480$711,006-85.2%$148,853$457,239-67.4%-$43,373
Third Quartile$151,634$1,184,666-87.2%$185,021$701,375-73.6%-$33,387
Unit--------------
First Quartile$661,039$461,371+43.3%$0$305,938-100.0%+$661,039
Median$790,949$671,543+17.8%$0$430,178-100.0%+$790,949
Third Quartile$878,407$903,371-2.8%$0$570,847-100.0%+$878,407

Source: Hometrack 2011-2016, 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, Broken Hill City: $878,407 Median, Broken Hill City: $790,949 First Quartile, Broken Hill City: $661,039 Third Quartile, Broken Hill City: $151,634 Median, Broken Hill City: $105,480 First Quartile, Broken Hill City: $77,487
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, New South Wales: $332,524 Median, New South Wales: $241,365 First Quartile, New South Wales: $155,433 Third Quartile, New South Wales: $483,291 Median, New South Wales: $253,767 First Quartile, New South Wales: $127,493 Third Quartile, Broken Hill City: $878,407 Median, Broken Hill City: $790,949 First Quartile, Broken Hill City: $661,039 Third Quartile, Broken Hill City: $-33,387 Median, Broken Hill City: $-43,373 First Quartile, Broken Hill City: $-45,150
Source: Hometrack 2011-2016, Housing Valuation System

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