Gunnedah Shire CouncilEconomic profile
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Gunnedah Shire

Housing valuation

At June 2018, Gunnedah Shire had a median house valuation of $346,045, $145,533 lower than the median house valuation for Regional NSW.

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
Gunnedah Shire20182016Change
Housing value (at June)Gunnedah ShireRegional NSWGunnedah Shire relative to Regional NSWGunnedah ShireRegional NSWGunnedah Shire relative to Regional NSW2016 to 2018
House--------------
First Quartile$249,365$332,220-24.9%$255,737$289,098-11.5%-$6,372
Median$346,045$491,578-29.6%$356,463$415,366-14.2%-$10,418
Third Quartile$511,855$680,932-24.8%$522,388$568,189-8.1%-$10,533
Unit--------------
First Quartile$225,598$288,810-21.9%$132,628$254,891-48.0%+$92,970
Median$265,735$393,185-32.4%$174,320$332,854-47.6%+$91,415
Third Quartile$317,982$515,481-38.3%$230,530$432,386-46.7%+$87,452

Source: Hometrack 2016-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Regional NSW: $515,481 Median, Regional NSW: $393,185 First Quartile, Regional NSW: $288,810 Third Quartile, Regional NSW: $680,932 Median, Regional NSW: $491,578 First Quartile, Regional NSW: $332,220 Third Quartile, Gunnedah Shire: $317,982 Median, Gunnedah Shire: $265,735 First Quartile, Gunnedah Shire: $225,598 Third Quartile, Gunnedah Shire: $511,855 Median, Gunnedah Shire: $346,045 First Quartile, Gunnedah Shire: $249,365
Source: Hometrack 2016-2018, Housing Valuation System
Change in housing values, 2016 to 2018
Change in housing values, 2016 to 2018 Third Quartile, Regional NSW: $83,095 Median, Regional NSW: $60,331 First Quartile, Regional NSW: $33,919 Third Quartile, Regional NSW: $112,743 Median, Regional NSW: $76,212 First Quartile, Regional NSW: $43,122 Third Quartile, Gunnedah Shire: $87,452 Median, Gunnedah Shire: $91,415 First Quartile, Gunnedah Shire: $92,970 Third Quartile, Gunnedah Shire: $-10,533 Median, Gunnedah Shire: $-10,418 First Quartile, Gunnedah Shire: $-6,372
Source: Hometrack 2016-2018, Housing Valuation System

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