Cradle Coast RegionEconomic profile
Skip to content

Circular Head Council area

Housing valuation

At June 2018, Circular Head Council area had a median house valuation of $241,610, $232,034 lower than the median house valuation for Greater Hobart.

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
Circular Head Council area20182014Change
Housing value (at June)Circular Head Council areaGreater HobartCircular Head Council area relative to Greater HobartCircular Head Council areaGreater HobartCircular Head Council area relative to Greater Hobart2014 to 2018
House--------------
First Quartile$185,951$350,650-47.0%$209,718$262,347-20.1%-$23,767
Median$241,610$473,644-49.0%$258,970$347,446-25.5%-$17,360
Third Quartile$325,160$636,810-48.9%$330,030$440,193-25.0%-$4,870
Unit--------------
First Quartile$193,810$268,188-27.7%$203,666$212,899-4.3%-$9,856
Median$196,664$336,308-41.5%$210,465$258,529-18.6%-$13,801
Third Quartile$209,267$420,954-50.3%$214,054$320,361-33.2%-$4,787

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Greater Hobart: $420,954 Median, Greater Hobart: $336,308 First Quartile, Greater Hobart: $268,188 Third Quartile, Greater Hobart: $636,810 Median, Greater Hobart: $473,644 First Quartile, Greater Hobart: $350,650 Third Quartile, Circular Head Council area: $209,267 Median, Circular Head Council area: $196,664 First Quartile, Circular Head Council area: $193,810 Third Quartile, Circular Head Council area: $325,160 Median, Circular Head Council area: $241,610 First Quartile, Circular Head Council area: $185,951
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Greater Hobart: $100,593 Median, Greater Hobart: $77,779 First Quartile, Greater Hobart: $55,289 Third Quartile, Greater Hobart: $196,617 Median, Greater Hobart: $126,198 First Quartile, Greater Hobart: $88,303 Third Quartile, Circular Head Council area: $-4,787 Median, Circular Head Council area: $-13,801 First Quartile, Circular Head Council area: $-9,856 Third Quartile, Circular Head Council area: $-4,870 Median, Circular Head Council area: $-17,360 First Quartile, Circular Head Council area: $-23,767
Source: Hometrack 2014-2018, Housing Valuation System

To continue building your economic story go to...

v19.09.08-1.0.0