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Yass Valley Council area

Housing valuation

At June 2017, Yass Valley Council area had a median house valuation of $601,912, $149,611 higher 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 2013-2017, Housing Valuation System

Housing values
Yass Valley Council area20172013Change
Housing value (at June)Yass Valley Council areaRegional NSWYass Valley Council area relative to Regional NSWYass Valley Council areaRegional NSWYass Valley Council area relative to Regional NSW2013 to 2017
House--------------
First Quartile$411,299$307,281+33.9%$400,364$260,225+53.9%+$10,935
Median$601,912$452,301+33.1%$559,051$351,644+59.0%+$42,861
Third Quartile$803,740$629,231+27.7%$756,149$462,975+63.3%+$47,591
Unit--------------
First Quartile$298,472$270,880+10.2%$298,163$219,306+36.0%+$309
Median$328,617$365,414-10.1%$304,760$275,224+10.7%+$23,857
Third Quartile$356,415$481,353-26.0%$324,780$347,970-6.7%+$31,635

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Regional NSW: $481,353 Median, Regional NSW: $365,414 First Quartile, Regional NSW: $270,880 Third Quartile, Regional NSW: $629,231 Median, Regional NSW: $452,301 First Quartile, Regional NSW: $307,281 Third Quartile, Yass Valley Council area: $356,415 Median, Yass Valley Council area: $328,617 First Quartile, Yass Valley Council area: $298,472 Third Quartile, Yass Valley Council area: $803,740 Median, Yass Valley Council area: $601,912 First Quartile, Yass Valley Council area: $411,299
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, Regional NSW: $133,383 Median, Regional NSW: $90,190 First Quartile, Regional NSW: $51,574 Third Quartile, Regional NSW: $166,256 Median, Regional NSW: $100,657 First Quartile, Regional NSW: $47,056 Third Quartile, Yass Valley Council area: $31,635 Median, Yass Valley Council area: $23,857 First Quartile, Yass Valley Council area: $309 Third Quartile, Yass Valley Council area: $47,591 Median, Yass Valley Council area: $42,861 First Quartile, Yass Valley Council area: $10,935
Source: Hometrack 2011-2016, Housing Valuation System

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