Gladstone Regional CouncilEconomic profile
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Gladstone Regional Council area

Housing valuation

At June 2018, Gladstone Regional Council area had a median house valuation of $279,197, $290,493 lower than the median house valuation for Australia.

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
Gladstone Regional Council area20182014Change
Housing value (at June)Gladstone Regional Council areaAustraliaGladstone Regional Council area relative to AustraliaGladstone Regional Council areaAustraliaGladstone Regional Council area relative to Australia2014 to 2018
House--------------
First Quartile$223,989$374,663-40.2%$349,681$333,867+4.7%-$125,692
Median$279,197$569,690-51.0%$413,563$453,304-8.8%-$134,366
Third Quartile$354,657$849,406-58.2%$486,219$646,253-24.8%-$131,562
Unit--------------
First Quartile$115,163$344,647-66.6%$273,604$299,346-8.6%-$158,441
Median$151,889$485,921-68.7%$322,658$403,672-20.1%-$170,769
Third Quartile$220,318$696,893-68.4%$404,220$555,745-27.3%-$183,902

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Australia: $696,893 Median, Australia: $485,921 First Quartile, Australia: $344,647 Third Quartile, Australia: $849,406 Median, Australia: $569,690 First Quartile, Australia: $374,663 Third Quartile, Gladstone Regional Council area: $220,318 Median, Gladstone Regional Council area: $151,889 First Quartile, Gladstone Regional Council area: $115,163 Third Quartile, Gladstone Regional Council area: $354,657 Median, Gladstone Regional Council area: $279,197 First Quartile, Gladstone Regional Council area: $223,989
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Australia: $141,148 Median, Australia: $82,249 First Quartile, Australia: $45,301 Third Quartile, Australia: $203,153 Median, Australia: $116,386 First Quartile, Australia: $40,796 Third Quartile, Gladstone Regional Council area: $-183,902 Median, Gladstone Regional Council area: $-170,769 First Quartile, Gladstone Regional Council area: $-158,441 Third Quartile, Gladstone Regional Council area: $-131,562 Median, Gladstone Regional Council area: $-134,366 First Quartile, Gladstone Regional Council area: $-125,692
Source: Hometrack 2014-2018, Housing Valuation System

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