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Shire of Serpentine Jarrahdale

Housing valuation

At June 2017, Shire of Serpentine Jarrahdale had a median house valuation of $443,266, $73,025 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 2013-2017, Housing Valuation System

Housing values
Shire of Serpentine Jarrahdale20172013Change
Housing value (at June)Shire of Serpentine JarrahdaleGreater PerthShire of Serpentine Jarrahdale relative to Greater PerthShire of Serpentine JarrahdaleGreater PerthShire of Serpentine Jarrahdale relative to Greater Perth2013 to 2017
House--------------
First Quartile$380,310$407,134-6.6%$409,862$417,169-1.8%-$29,552
Median$443,266$516,291-14.1%$543,989$526,786+3.3%-$100,723
Third Quartile$673,978$693,608-2.8%$772,707$700,058+10.4%-$98,729
Unit--------------
First Quartile$226,047$306,321-26.2%$255,871$326,428-21.6%-$29,824
Median$279,009$379,904-26.6%$336,136$403,098-16.6%-$57,127
Third Quartile$353,153$473,402-25.4%$337,272$508,863-33.7%+$15,881

Source: Hometrack 2013-2017, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Greater Perth: $473,402 Median, Greater Perth: $379,904 First Quartile, Greater Perth: $306,321 Third Quartile, Greater Perth: $693,608 Median, Greater Perth: $516,291 First Quartile, Greater Perth: $407,134 Third Quartile, Shire of Serpentine Jarrahdale: $353,153 Median, Shire of Serpentine Jarrahdale: $279,009 First Quartile, Shire of Serpentine Jarrahdale: $226,047 Third Quartile, Shire of Serpentine Jarrahdale: $673,978 Median, Shire of Serpentine Jarrahdale: $443,266 First Quartile, Shire of Serpentine Jarrahdale: $380,310
Source: Hometrack 2013-2017, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, Greater Perth: $-35,461 Median, Greater Perth: $-23,194 First Quartile, Greater Perth: $-20,107 Third Quartile, Greater Perth: $-6,450 Median, Greater Perth: $-10,495 First Quartile, Greater Perth: $-10,035 Third Quartile, Shire of Serpentine Jarrahdale: $15,881 Median, Shire of Serpentine Jarrahdale: $-57,127 First Quartile, Shire of Serpentine Jarrahdale: $-29,824 Third Quartile, Shire of Serpentine Jarrahdale: $-98,729 Median, Shire of Serpentine Jarrahdale: $-100,723 First Quartile, Shire of Serpentine Jarrahdale: $-29,552
Source: Hometrack 2013-2017, Housing Valuation System

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