Cradle Coast RegionEconomic profile
Skip to content

Waratah-Wynyard Council area

Housing valuation

At June 2018, Waratah-Wynyard Council area had a median house valuation of $269,845, $203,799 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
Waratah-Wynyard Council area20182014Change
Housing value (at June)Waratah-Wynyard Council areaGreater HobartWaratah-Wynyard Council area relative to Greater HobartWaratah-Wynyard Council areaGreater HobartWaratah-Wynyard Council area relative to Greater Hobart2014 to 2018
House--------------
First Quartile$219,696$350,650-37.3%$221,099$262,347-15.7%-$1,403
Median$269,845$473,644-43.0%$264,655$347,446-23.8%+$5,190
Third Quartile$360,383$636,810-43.4%$336,453$440,193-23.6%+$23,930
Unit--------------
First Quartile$205,058$268,188-23.5%$205,043$212,899-3.7%+$15
Median$233,006$336,308-30.7%$225,050$258,529-12.9%+$7,956
Third Quartile$264,145$420,954-37.3%$248,244$320,361-22.5%+$15,901

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, Waratah-Wynyard Council area: $264,145 Median, Waratah-Wynyard Council area: $233,006 First Quartile, Waratah-Wynyard Council area: $205,058 Third Quartile, Waratah-Wynyard Council area: $360,383 Median, Waratah-Wynyard Council area: $269,845 First Quartile, Waratah-Wynyard Council area: $219,696
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, Waratah-Wynyard Council area: $15,901 Median, Waratah-Wynyard Council area: $7,956 First Quartile, Waratah-Wynyard Council area: $15 Third Quartile, Waratah-Wynyard Council area: $23,930 Median, Waratah-Wynyard Council area: $5,190 First Quartile, Waratah-Wynyard Council area: $-1,403
Source: Hometrack 2014-2018, Housing Valuation System

To continue building your economic story go to...

v20.2.24-1.0.0