Eurobodalla Shire CouncilEconomic profile
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Eurobodalla Shire

Housing valuation

At June 2018, Eurobodalla Shire had a median house valuation of $494,905, $245,539 lower than the median house valuation for New South Wales.

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 2013-2017, Housing Valuation System

Housing values
Eurobodalla Shire20182014Change
Housing value (at June)Eurobodalla ShireNew South WalesEurobodalla Shire relative to New South WalesEurobodalla ShireNew South WalesEurobodalla Shire relative to New South Wales2014 to 2018
House--------------
First Quartile$416,305$498,085-16.4%$329,205$361,802-9.0%+$87,100
Median$494,905$740,444-33.2%$385,945$508,933-24.2%+$108,960
Third Quartile$606,897$1,171,986-48.2%$467,258$799,290-41.5%+$139,639
Unit--------------
First Quartile$278,160$485,261-42.7%$219,569$343,269-36.0%+$58,591
Median$324,072$676,368-52.1%$258,743$496,521-47.9%+$65,329
Third Quartile$406,373$890,202-54.4%$323,187$659,154-51.0%+$83,186

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, New South Wales: $890,202 Median, New South Wales: $676,368 First Quartile, New South Wales: $485,261 Third Quartile, New South Wales: $1,171,986 Median, New South Wales: $740,444 First Quartile, New South Wales: $498,085 Third Quartile, Eurobodalla Shire: $406,373 Median, Eurobodalla Shire: $324,072 First Quartile, Eurobodalla Shire: $278,160 Third Quartile, Eurobodalla Shire: $606,897 Median, Eurobodalla Shire: $494,905 First Quartile, Eurobodalla Shire: $416,305
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, New South Wales: $231,048 Median, New South Wales: $179,847 First Quartile, New South Wales: $141,992 Third Quartile, New South Wales: $372,696 Median, New South Wales: $231,511 First Quartile, New South Wales: $136,283 Third Quartile, Eurobodalla Shire: $83,186 Median, Eurobodalla Shire: $65,329 First Quartile, Eurobodalla Shire: $58,591 Third Quartile, Eurobodalla Shire: $139,639 Median, Eurobodalla Shire: $108,960 First Quartile, Eurobodalla Shire: $87,100
Source: Hometrack 2014-2018, Housing Valuation System

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