Hilltops Council areaEconomic profile
Skip to content

Hilltops Council area

Housing valuation

At June 2017, Hilltops Council area had a median house valuation of $737,586, $26,580 higher than the median house valuation for 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 2013-2017, Housing Valuation System

Housing values
Hilltops Council area20172013Change
Housing value (at June)Hilltops Council areaNSWHilltops Council area relative to NSWHilltops Council areaNSWHilltops Council area relative to NSW2013 to 2017
House--------------
First Quartile$545,991$459,213+18.9%$514,148$331,720+55.0%+$31,843
Median$737,586$711,006+3.7%$631,744$457,239+38.2%+$105,842
Third Quartile$1,076,271$1,184,666-9.1%$835,950$701,375+19.2%+$240,321
Unit--------------
First Quartile$619,506$461,371+34.3%$606,798$305,938+98.3%+$12,708
Median$648,498$671,543-3.4%$662,044$430,178+53.9%-$13,546
Third Quartile$674,600$903,371-25.3%$677,532$570,847+18.7%-$2,932

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, NSW: $903,371 Median, NSW: $671,543 First Quartile, NSW: $461,371 Third Quartile, NSW: $1,184,666 Median, NSW: $711,006 First Quartile, NSW: $459,213 Third Quartile, Hilltops Council area: $674,600 Median, Hilltops Council area: $648,498 First Quartile, Hilltops Council area: $619,506 Third Quartile, Hilltops Council area: $1,076,271 Median, Hilltops Council area: $737,586 First Quartile, Hilltops Council area: $545,991
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, NSW: $332,524 Median, NSW: $241,365 First Quartile, NSW: $155,433 Third Quartile, NSW: $483,291 Median, NSW: $253,767 First Quartile, NSW: $127,493 Third Quartile, Hilltops Council area: $-2,932 Median, Hilltops Council area: $-13,546 First Quartile, Hilltops Council area: $12,708 Third Quartile, Hilltops Council area: $240,321 Median, Hilltops Council area: $105,842 First Quartile, Hilltops Council area: $31,843
Source: Hometrack 2011-2016, Housing Valuation System

To continue building your economic story go to...

v18.09.24-1.0.0