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Federation Council area

Housing valuation

At June 2018, Federation Council area had a median house valuation of $252,167, $488,277 lower than the median house valuation for NSW.

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
Federation Council area20182014Change
Housing value (at June)Federation Council areaNSWFederation Council area relative to NSWFederation Council areaNSWFederation Council area relative to NSW2014 to 2018
House--------------
First Quartile$199,466$498,085-60.0%$202,816$361,802-43.9%-$3,350
Median$252,167$740,444-65.9%$251,903$508,933-50.5%+$264
Third Quartile$331,148$1,171,986-71.7%$317,435$799,290-60.3%+$13,713
Unit--------------
First Quartile$157,356$485,261-67.6%$163,758$343,269-52.3%-$6,402
Median$193,079$676,368-71.5%$191,202$496,521-61.5%+$1,877
Third Quartile$257,957$890,202-71.0%$253,646$659,154-61.5%+$4,311

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, NSW: $890,202 Median, NSW: $676,368 First Quartile, NSW: $485,261 Third Quartile, NSW: $1,171,986 Median, NSW: $740,444 First Quartile, NSW: $498,085 Third Quartile, Federation Council area: $257,957 Median, Federation Council area: $193,079 First Quartile, Federation Council area: $157,356 Third Quartile, Federation Council area: $331,148 Median, Federation Council area: $252,167 First Quartile, Federation Council area: $199,466
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, NSW: $231,048 Median, NSW: $179,847 First Quartile, NSW: $141,992 Third Quartile, NSW: $372,696 Median, NSW: $231,511 First Quartile, NSW: $136,283 Third Quartile, Federation Council area: $4,311 Median, Federation Council area: $1,877 First Quartile, Federation Council area: $-6,402 Third Quartile, Federation Council area: $13,713 Median, Federation Council area: $264 First Quartile, Federation Council area: $-3,350
Source: Hometrack 2014-2018, Housing Valuation System

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