Broken Hill CityEconomic profile
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Broken Hill City

Housing valuation

At June 2018, Broken Hill City had a median house valuation of $111,837, $379,741 lower than the median house valuation for Regional NSW.

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
Broken Hill City20182014Change
Housing value (at June)Broken Hill CityRegional NSWBroken Hill City relative to Regional NSWBroken Hill CityRegional NSWBroken Hill City relative to Regional NSW2014 to 2018
House--------------
First Quartile$82,812$332,220-75.1%$126,287$275,061-54.1%-$43,475
Median$111,837$491,578-77.2%$153,066$374,611-59.1%-$41,229
Third Quartile$154,473$680,932-77.3%$190,042$495,445-61.6%-$35,569
Unit--------------
First Quartile$0$288,810-100.0%$0$230,263-100.0%0
Median$0$393,185-100.0%$0$293,646-100.0%0
Third Quartile$0$515,481-100.0%$0$369,673-100.0%0

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Regional NSW: $515,481 Median, Regional NSW: $393,185 First Quartile, Regional NSW: $288,810 Third Quartile, Regional NSW: $680,932 Median, Regional NSW: $491,578 First Quartile, Regional NSW: $332,220 Third Quartile, Broken Hill City: $0 Median, Broken Hill City: $0 First Quartile, Broken Hill City: $0 Third Quartile, Broken Hill City: $154,473 Median, Broken Hill City: $111,837 First Quartile, Broken Hill City: $82,812
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Regional NSW: $145,808 Median, Regional NSW: $99,539 First Quartile, Regional NSW: $58,547 Third Quartile, Regional NSW: $185,487 Median, Regional NSW: $116,967 First Quartile, Regional NSW: $57,159 Third Quartile, Broken Hill City: $0 Median, Broken Hill City: $0 First Quartile, Broken Hill City: $0 Third Quartile, Broken Hill City: $-35,569 Median, Broken Hill City: $-41,229 First Quartile, Broken Hill City: $-43,475
Source: Hometrack 2014-2018, Housing Valuation System

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