Glenelg ShireEconomic profile
Skip to content

Glenelg Shire

Housing valuation

At June 2018, Glenelg Shire had a median house valuation of $233,584, $436,477 lower than the median house valuation for Victoria.

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
Glenelg Shire20182014Change
Housing value (at June)Glenelg ShireVictoriaGlenelg Shire relative to VictoriaGlenelg ShireVictoriaGlenelg Shire relative to Victoria2014 to 2018
House--------------
First Quartile$181,316$461,586-60.7%$180,474$339,363-46.8%+$842
Median$233,584$670,061-65.1%$233,541$451,630-48.3%+$43
Third Quartile$314,499$1,001,613-68.6%$303,677$675,298-55.0%+$10,822
Unit--------------
First Quartile$124,298$412,486-69.9%$157,185$315,318-50.2%-$32,887
Median$164,746$526,184-68.7%$184,360$423,673-56.5%-$19,614
Third Quartile$204,123$662,536-69.2%$230,748$543,876-57.6%-$26,625

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Victoria: $662,536 Median, Victoria: $526,184 First Quartile, Victoria: $412,486 Third Quartile, Victoria: $1,001,613 Median, Victoria: $670,061 First Quartile, Victoria: $461,586 Third Quartile, Glenelg Shire: $204,123 Median, Glenelg Shire: $164,746 First Quartile, Glenelg Shire: $124,298 Third Quartile, Glenelg Shire: $314,499 Median, Glenelg Shire: $233,584 First Quartile, Glenelg Shire: $181,316
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Victoria: $118,660 Median, Victoria: $102,511 First Quartile, Victoria: $97,168 Third Quartile, Victoria: $326,315 Median, Victoria: $218,431 First Quartile, Victoria: $122,223 Third Quartile, Glenelg Shire: $-26,625 Median, Glenelg Shire: $-19,614 First Quartile, Glenelg Shire: $-32,887 Third Quartile, Glenelg Shire: $10,822 Median, Glenelg Shire: $43 First Quartile, Glenelg Shire: $842
Source: Hometrack 2014-2018, Housing Valuation System

To continue building your economic story go to...

v19.07.15-1.0.1