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City of Kalamunda

Housing valuation

At June 2018, City of Kalamunda had a median house valuation of $423,016, $79,403 lower than the median house valuation for Greater Perth.

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
City of Kalamunda20182014Change
Housing value (at June)City of KalamundaGreater PerthCity of Kalamunda relative to Greater PerthCity of KalamundaGreater PerthCity of Kalamunda relative to Greater Perth2014 to 2018
House--------------
First Quartile$360,865$391,783-7.9%$431,559$456,487-5.5%-$70,694
Median$423,016$502,419-15.8%$523,988$570,796-8.2%-$100,972
Third Quartile$642,227$686,696-6.5%$788,916$745,251+5.9%-$146,689
Unit--------------
First Quartile$179,257$289,477-38.1%$243,762$353,450-31.0%-$64,505
Median$268,700$364,574-26.3%$354,675$438,230-19.1%-$85,975
Third Quartile$301,619$459,195-34.3%$361,761$547,502-33.9%-$60,142

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Greater Perth: $459,195 Median, Greater Perth: $364,574 First Quartile, Greater Perth: $289,477 Third Quartile, Greater Perth: $686,696 Median, Greater Perth: $502,419 First Quartile, Greater Perth: $391,783 Third Quartile, City of Kalamunda: $301,619 Median, City of Kalamunda: $268,700 First Quartile, City of Kalamunda: $179,257 Third Quartile, City of Kalamunda: $642,227 Median, City of Kalamunda: $423,016 First Quartile, City of Kalamunda: $360,865
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Greater Perth: $-88,307 Median, Greater Perth: $-73,656 First Quartile, Greater Perth: $-63,973 Third Quartile, Greater Perth: $-58,555 Median, Greater Perth: $-68,377 First Quartile, Greater Perth: $-64,704 Third Quartile, City of Kalamunda: $-60,142 Median, City of Kalamunda: $-85,975 First Quartile, City of Kalamunda: $-64,505 Third Quartile, City of Kalamunda: $-146,689 Median, City of Kalamunda: $-100,972 First Quartile, City of Kalamunda: $-70,694
Source: Hometrack 2014-2018, Housing Valuation System

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