Goulburn MulwareeEconomic profile
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Goulburn Mulwaree Council area

Housing valuation

At June 2017, Goulburn Mulwaree Council area had a median house valuation of $414,863, $296,143 lower than the median house valuation for New South Wales.

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
Goulburn Mulwaree Council area20172013Change
Housing value (at June)Goulburn Mulwaree Council areaNew South WalesGoulburn Mulwaree Council area relative to New South WalesGoulburn Mulwaree Council areaNew South WalesGoulburn Mulwaree Council area relative to New South Wales2013 to 2017
House--------------
First Quartile$335,236$459,213-27.0%$248,186$331,720-25.2%+$87,050
Median$414,863$711,006-41.7%$297,392$457,239-35.0%+$117,471
Third Quartile$543,832$1,184,666-54.1%$394,654$701,375-43.7%+$149,178
Unit--------------
First Quartile$245,988$461,371-46.7%$165,845$305,938-45.8%+$80,143
Median$290,841$671,543-56.7%$195,288$430,178-54.6%+$95,553
Third Quartile$364,524$903,371-59.6%$227,664$570,847-60.1%+$136,860

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, New South Wales: $903,371 Median, New South Wales: $671,543 First Quartile, New South Wales: $461,371 Third Quartile, New South Wales: $1,184,666 Median, New South Wales: $711,006 First Quartile, New South Wales: $459,213 Third Quartile, Goulburn Mulwaree Council area: $364,524 Median, Goulburn Mulwaree Council area: $290,841 First Quartile, Goulburn Mulwaree Council area: $245,988 Third Quartile, Goulburn Mulwaree Council area: $543,832 Median, Goulburn Mulwaree Council area: $414,863 First Quartile, Goulburn Mulwaree Council area: $335,236
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, New South Wales: $332,524 Median, New South Wales: $241,365 First Quartile, New South Wales: $155,433 Third Quartile, New South Wales: $483,291 Median, New South Wales: $253,767 First Quartile, New South Wales: $127,493 Third Quartile, Goulburn Mulwaree Council area: $136,860 Median, Goulburn Mulwaree Council area: $95,553 First Quartile, Goulburn Mulwaree Council area: $80,143 Third Quartile, Goulburn Mulwaree Council area: $149,178 Median, Goulburn Mulwaree Council area: $117,471 First Quartile, Goulburn Mulwaree Council area: $87,050
Source: Hometrack 2011-2016, Housing Valuation System

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