City of Charles SturtEconomic profile
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City of Charles Sturt

Housing valuation

At June 2018, City of Charles Sturt had a median house valuation of $546,613, $144,903 higher than the median house valuation for South Australia.

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
City of Charles Sturt20182014Change
Housing value (at June)City of Charles SturtSouth AustraliaCity of Charles Sturt relative to South AustraliaCity of Charles SturtSouth AustraliaCity of Charles Sturt relative to South Australia2014 to 2018
House--------------
First Quartile$465,446$283,648+64.1%$402,230$262,337+53.3%+$63,216
Median$546,613$401,710+36.1%$458,681$355,667+29.0%+$87,932
Third Quartile$662,733$554,040+19.6%$555,339$469,248+18.3%+$107,394
Unit--------------
First Quartile$303,016$250,328+21.0%$277,406$240,075+15.5%+$25,610
Median$368,541$312,783+17.8%$325,495$290,932+11.9%+$43,046
Third Quartile$429,489$389,177+10.4%$383,704$354,587+8.2%+$45,785

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, South Australia: $389,177 Median, South Australia: $312,783 First Quartile, South Australia: $250,328 Third Quartile, South Australia: $554,040 Median, South Australia: $401,710 First Quartile, South Australia: $283,648 Third Quartile, City of Charles Sturt: $429,489 Median, City of Charles Sturt: $368,541 First Quartile, City of Charles Sturt: $303,016 Third Quartile, City of Charles Sturt: $662,733 Median, City of Charles Sturt: $546,613 First Quartile, City of Charles Sturt: $465,446
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, South Australia: $34,590 Median, South Australia: $21,851 First Quartile, South Australia: $10,253 Third Quartile, South Australia: $84,792 Median, South Australia: $46,043 First Quartile, South Australia: $21,311 Third Quartile, City of Charles Sturt: $45,785 Median, City of Charles Sturt: $43,046 First Quartile, City of Charles Sturt: $25,610 Third Quartile, City of Charles Sturt: $107,394 Median, City of Charles Sturt: $87,932 First Quartile, City of Charles Sturt: $63,216
Source: Hometrack 2014-2018, Housing Valuation System

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