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, $179,163 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 2014-2018, Housing Valuation System

Housing values
Gladstone Regional Council area20182017Change
Housing value (at June)Gladstone Regional Council areaQueenslandGladstone Regional Council area relative to QueenslandGladstone Regional Council areaQueenslandGladstone Regional Council area relative to Queensland2017 to 2018
House--------------
First Quartile$223,989$316,285-29.2%$246,216$314,558-21.7%-$22,227
Median$279,197$458,360-39.1%$303,503$450,485-32.6%-$24,306
Third Quartile$354,657$639,156-44.5%$375,149$621,546-39.6%-$20,492
Unit--------------
First Quartile$115,163$273,559-57.9%$106,080$271,888-61.0%+$9,083
Median$151,889$356,880-57.4%$135,545$351,231-61.4%+$16,344
Third Quartile$220,318$444,896-50.5%$229,461$437,812-47.6%-$9,143

Source: Hometrack 2017-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Queensland: $444,896 Median, Queensland: $356,880 First Quartile, Queensland: $273,559 Third Quartile, Queensland: $639,156 Median, Queensland: $458,360 First Quartile, Queensland: $316,285 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 2017-2018, Housing Valuation System
Change in housing values, 2017 to 2018
Change in housing values, 2017 to 2018 Third Quartile, Queensland: $7,084 Median, Queensland: $5,649 First Quartile, Queensland: $1,671 Third Quartile, Queensland: $17,610 Median, Queensland: $7,875 First Quartile, Queensland: $1,727 Third Quartile, Gladstone Regional Council area: $-9,143 Median, Gladstone Regional Council area: $16,344 First Quartile, Gladstone Regional Council area: $9,083 Third Quartile, Gladstone Regional Council area: $-20,492 Median, Gladstone Regional Council area: $-24,306 First Quartile, Gladstone Regional Council area: $-22,227
Source: Hometrack 2017-2018, Housing Valuation System

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