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West Coast Council area

Housing valuation

At June 2018, West Coast Council area had a median house valuation of $78,861, $394,783 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
West Coast Council area20182014Change
Housing value (at June)West Coast Council areaGreater HobartWest Coast Council area relative to Greater HobartWest Coast Council areaGreater HobartWest Coast Council area relative to Greater Hobart2014 to 2018
House--------------
First Quartile$66,525$350,650-81.0%$90,417$262,347-65.5%-$23,892
Median$78,861$473,644-83.4%$103,550$347,446-70.2%-$24,689
Third Quartile$95,614$636,810-85.0%$123,063$440,193-72.0%-$27,449
Unit--------------
First Quartile$0$268,188-100.0%$0$212,899-100.0%0
Median$0$336,308-100.0%$0$258,529-100.0%0
Third Quartile$0$420,954-100.0%$0$320,361-100.0%0

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, West Coast Council area: $0 Median, West Coast Council area: $0 First Quartile, West Coast Council area: $0 Third Quartile, West Coast Council area: $95,614 Median, West Coast Council area: $78,861 First Quartile, West Coast Council area: $66,525
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, West Coast Council area: $0 Median, West Coast Council area: $0 First Quartile, West Coast Council area: $0 Third Quartile, West Coast Council area: $-27,449 Median, West Coast Council area: $-24,689 First Quartile, West Coast Council area: $-23,892
Source: Hometrack 2014-2018, Housing Valuation System

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