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City of Gosnells

Housing valuation

At June 2018, City of Gosnells had a median house valuation of $392,503, $109,916 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 Gosnells20182014Change
Housing value (at June)City of GosnellsGreater PerthCity of Gosnells relative to Greater PerthCity of GosnellsGreater PerthCity of Gosnells relative to Greater Perth2014 to 2018
House--------------
First Quartile$333,371$391,783-14.9%$393,594$456,487-13.8%-$60,223
Median$392,503$502,419-21.9%$454,339$570,796-20.4%-$61,836
Third Quartile$492,847$686,696-28.2%$564,164$745,251-24.3%-$71,317
Unit--------------
First Quartile$242,379$289,477-16.3%$321,281$353,450-9.1%-$78,902
Median$271,392$364,574-25.6%$341,632$438,230-22.0%-$70,240
Third Quartile$334,130$459,195-27.2%$379,291$547,502-30.7%-$45,161

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 Gosnells: $334,130 Median, City of Gosnells: $271,392 First Quartile, City of Gosnells: $242,379 Third Quartile, City of Gosnells: $492,847 Median, City of Gosnells: $392,503 First Quartile, City of Gosnells: $333,371
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 Gosnells: $-45,161 Median, City of Gosnells: $-70,240 First Quartile, City of Gosnells: $-78,902 Third Quartile, City of Gosnells: $-71,317 Median, City of Gosnells: $-61,836 First Quartile, City of Gosnells: $-60,223
Source: Hometrack 2014-2018, Housing Valuation System

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