City of Canterbury BankstownEconomic profile
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City of Canterbury Bankstown

Housing valuation

At June 2018, City of Canterbury Bankstown had a median house valuation of $1,033,853, $293,409 higher 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
City of Canterbury Bankstown20182014Change
Housing value (at June)City of Canterbury BankstownNew South WalesCity of Canterbury Bankstown relative to New South WalesCity of Canterbury BankstownNew South WalesCity of Canterbury Bankstown relative to New South Wales2014 to 2018
House--------------
First Quartile$908,784$498,085+82.5%$632,960$361,802+74.9%+$275,824
Median$1,033,853$740,444+39.6%$698,377$508,933+37.2%+$335,476
Third Quartile$1,192,266$1,171,986+1.7%$802,363$799,290+0.4%+$389,903
Unit--------------
First Quartile$501,131$485,261+3.3%$377,314$343,269+9.9%+$123,817
Median$586,758$676,368-13.2%$439,746$496,521-11.4%+$147,012
Third Quartile$693,922$890,202-22.0%$520,100$659,154-21.1%+$173,822

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, City of Canterbury Bankstown: $693,922 Median, City of Canterbury Bankstown: $586,758 First Quartile, City of Canterbury Bankstown: $501,131 Third Quartile, City of Canterbury Bankstown: $1,192,266 Median, City of Canterbury Bankstown: $1,033,853 First Quartile, City of Canterbury Bankstown: $908,784
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, City of Canterbury Bankstown: $173,822 Median, City of Canterbury Bankstown: $147,012 First Quartile, City of Canterbury Bankstown: $123,817 Third Quartile, City of Canterbury Bankstown: $389,903 Median, City of Canterbury Bankstown: $335,476 First Quartile, City of Canterbury Bankstown: $275,824
Source: Hometrack 2014-2018, Housing Valuation System

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