Gladstone Regional CouncilEconomic profile
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Gladstone Regional Council area

Housing valuation

At June 2017, Gladstone Regional Council area had a median house valuation of $303,708, $155,645 lower than the median house valuation for Queensland.

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
Gladstone Regional Council area20172013Change
Housing value (at June)Gladstone Regional Council areaQueenslandGladstone Regional Council area relative to QueenslandGladstone Regional Council areaQueenslandGladstone Regional Council area relative to Queensland2013 to 2017
House--------------
First Quartile$245,998$318,187-22.7%$367,667$303,498+21.1%-$121,669
Median$303,708$459,353-33.9%$432,744$398,530+8.6%-$129,036
Third Quartile$374,693$632,943-40.8%$508,671$512,407-0.7%-$133,978
Unit--------------
First Quartile$105,963$273,293-61.2%$294,883$253,719+16.2%-$188,920
Median$135,617$353,056-61.6%$337,708$315,561+7.0%-$202,091
Third Quartile$231,685$443,936-47.8%$390,508$390,486+0.0%-$158,823

Source: Hometrack 2013-2017, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Queensland: $443,936 Median, Queensland: $353,056 First Quartile, Queensland: $273,293 Third Quartile, Queensland: $632,943 Median, Queensland: $459,353 First Quartile, Queensland: $318,187 Third Quartile, Gladstone Regional Council area: $231,685 Median, Gladstone Regional Council area: $135,617 First Quartile, Gladstone Regional Council area: $105,963 Third Quartile, Gladstone Regional Council area: $374,693 Median, Gladstone Regional Council area: $303,708 First Quartile, Gladstone Regional Council area: $245,998
Source: Hometrack 2013-2017, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, Queensland: $53,450 Median, Queensland: $37,495 First Quartile, Queensland: $19,574 Third Quartile, Queensland: $120,536 Median, Queensland: $60,823 First Quartile, Queensland: $14,689 Third Quartile, Gladstone Regional Council area: $-158,823 Median, Gladstone Regional Council area: $-202,091 First Quartile, Gladstone Regional Council area: $-188,920 Third Quartile, Gladstone Regional Council area: $-133,978 Median, Gladstone Regional Council area: $-129,036 First Quartile, Gladstone Regional Council area: $-121,669
Source: Hometrack 2013-2017, Housing Valuation System

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