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Shire of Serpentine Jarrahdale

Housing valuation

At June 2018, Shire of Serpentine Jarrahdale had a median house valuation of $903,926, $401,507 higher 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
Shire of Serpentine Jarrahdale20182014Change
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 Perth2014 to 2018
House--------------
First Quartile$773,687$391,783+97.5%$818,363$456,487+79.3%-$44,676
Median$903,926$502,419+79.9%$949,475$570,796+66.3%-$45,549
Third Quartile$1,148,372$686,696+67.2%$1,197,145$745,251+60.6%-$48,773
Unit--------------
First Quartile$402,124$289,477+38.9%$488,344$353,450+38.2%-$86,220
Median$502,152$364,574+37.7%$583,429$438,230+33.1%-$81,277
Third Quartile$622,738$459,195+35.6%$710,415$547,502+29.8%-$87,677

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, Shire of Serpentine Jarrahdale: $622,738 Median, Shire of Serpentine Jarrahdale: $502,152 First Quartile, Shire of Serpentine Jarrahdale: $402,124 Third Quartile, Shire of Serpentine Jarrahdale: $1,148,372 Median, Shire of Serpentine Jarrahdale: $903,926 First Quartile, Shire of Serpentine Jarrahdale: $773,687
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, Shire of Serpentine Jarrahdale: $-87,677 Median, Shire of Serpentine Jarrahdale: $-81,277 First Quartile, Shire of Serpentine Jarrahdale: $-86,220 Third Quartile, Shire of Serpentine Jarrahdale: $-48,773 Median, Shire of Serpentine Jarrahdale: $-45,549 First Quartile, Shire of Serpentine Jarrahdale: $-44,676
Source: Hometrack 2014-2018, Housing Valuation System

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