Cradle Coast RegionEconomic profile
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Cradle Coast Region

Housing prices

At June 2018, the median house valuation in Murchison - Burnie Economic Region was $697,341 higher compared to Tasmania.

This indicator shows the value of houses and units in the Cradle Coast Region and wider region during the period 2014-2018. Housing values are an indicator of the level of demand for housing in the area, as well as the type of housing available. Housing demand may be related to the desirability of the area and proximity to major employment destinations.

Value of houses
Value of houses Tasmania: $291,516 Tasmania: $287,704 Tasmania: $295,527 Tasmania: $313,540 Tasmania: $344,437 Greater Hobart: $347,446 Greater Hobart: $354,159 Greater Hobart: $370,101 Greater Hobart: $402,638 Greater Hobart: $473,644 Murchison - Burnie Economic Region: $1,089,228 Murchison - Burnie Economic Region: $979,224 Murchison - Burnie Economic Region: $982,436 Murchison - Burnie Economic Region: $1,029,784 Murchison - Burnie Economic Region: $1,041,778
Source: Hometrack 2014-2018, Housing Valuation System
Value of units
Value of units Tasmania: $231,719 Tasmania: $227,981 Tasmania: $240,227 Tasmania: $253,832 Tasmania: $278,629 Greater Hobart: $258,529 Greater Hobart: $254,268 Greater Hobart: $279,434 Greater Hobart: $298,528 Greater Hobart: $336,308 Murchison - Burnie Economic Region: $606,653 Murchison - Burnie Economic Region: $585,167 Murchison - Burnie Economic Region: $1,256,563 Murchison - Burnie Economic Region: $656,106 Murchison - Burnie Economic Region: $617,854
Source: Hometrack 2014-2018, Housing Valuation System
Median housing value
HousesUnits
Year (at June)Murchison - Burnie Economic RegionGreater HobartTasmaniaMurchison - Burnie Economic RegionGreater HobartTasmania
2018$1,041,778$473,644$344,437$617,854$336,308$278,629
2017$1,029,784$402,638$313,540$656,106$298,528$253,832
2016$982,436$370,101$295,527$1,256,563$279,434$240,227
2015$979,224$354,159$287,704$585,167$254,268$227,981
2014$1,089,228$347,446$291,516$606,653$258,529$231,719

Source: Hometrack 2014-2018, Housing Valuation System.

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