Campbelltown City CouncilEconomic profile
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Campbelltown City

Housing valuation

At June 2016, Campbelltown City had a median house valuation of $559,032, $78,501 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 2011-2016, Housing Valuation System

Housing values
Campbelltown City20162013Change
Housing value (at June)Campbelltown CityNew South WalesCampbelltown City relative to New South WalesCampbelltown CityNew South WalesCampbelltown City relative to New South Wales2013 to 2016
House--------------
First Quartile$510,900$418,171+22.2%$318,450$331,720-4.0%+$192,450
Median$559,032$637,533-12.3%$344,682$457,239-24.6%+$214,350
Third Quartile$637,716$1,038,768-38.6%$388,211$701,375-44.7%+$249,505
Unit--------------
First Quartile$391,102$422,764-7.5%$241,889$305,938-20.9%+$149,213
Median$422,983$614,575-31.2%$263,980$430,178-38.6%+$159,003
Third Quartile$467,751$811,857-42.4%$286,612$570,847-49.8%+$181,139

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2016
Housing values, 2016 Third Quartile, New South Wales: $811,857 Median, New South Wales: $614,575 First Quartile, New South Wales: $422,764 Third Quartile, New South Wales: $1,038,768 Median, New South Wales: $637,533 First Quartile, New South Wales: $418,171 Third Quartile, Campbelltown City: $467,751 Median, Campbelltown City: $422,983 First Quartile, Campbelltown City: $391,102 Third Quartile, Campbelltown City: $637,716 Median, Campbelltown City: $559,032 First Quartile, Campbelltown City: $510,900
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2016
Change in housing values, 2013 to 2016 Third Quartile, New South Wales: $241,010 Median, New South Wales: $184,397 First Quartile, New South Wales: $116,826 Third Quartile, New South Wales: $337,393 Median, New South Wales: $180,294 First Quartile, New South Wales: $86,451 Third Quartile, Campbelltown City: $181,139 Median, Campbelltown City: $159,003 First Quartile, Campbelltown City: $149,213 Third Quartile, Campbelltown City: $249,505 Median, Campbelltown City: $214,350 First Quartile, Campbelltown City: $192,450
Source: Hometrack 2011-2016, Housing Valuation System

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