Hilltops Council areaEconomic profile
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Hilltops Council area

Housing valuation

At June 2018, Hilltops Council area had a median house valuation of $282,910, $457,534 lower 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 area20182014Change
Housing value (at June)Hilltops Council areaNSWHilltops Council area relative to NSWHilltops Council areaNSWHilltops Council area relative to NSW2014 to 2018
House--------------
First Quartile$211,514$498,085-57.5%$761,539$361,802+110.5%-$550,025
Median$282,910$740,444-61.8%$974,497$508,933+91.5%-$691,587
Third Quartile$399,404$1,171,986-65.9%$1,298,993$799,290+62.5%-$899,589
Unit--------------
First Quartile$176,764$485,261-63.6%$820,814$343,269+139.1%-$644,050
Median$201,766$676,368-70.2%$898,739$496,521+81.0%-$696,973
Third Quartile$223,735$890,202-74.9%$937,186$659,154+42.2%-$713,451

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, NSW: $890,202 Median, NSW: $676,368 First Quartile, NSW: $485,261 Third Quartile, NSW: $1,171,986 Median, NSW: $740,444 First Quartile, NSW: $498,085 Third Quartile, Hilltops Council area: $223,735 Median, Hilltops Council area: $201,766 First Quartile, Hilltops Council area: $176,764 Third Quartile, Hilltops Council area: $399,404 Median, Hilltops Council area: $282,910 First Quartile, Hilltops Council area: $211,514
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, NSW: $231,048 Median, NSW: $179,847 First Quartile, NSW: $141,992 Third Quartile, NSW: $372,696 Median, NSW: $231,511 First Quartile, NSW: $136,283 Third Quartile, Hilltops Council area: $-713,451 Median, Hilltops Council area: $-696,973 First Quartile, Hilltops Council area: $-644,050 Third Quartile, Hilltops Council area: $-899,589 Median, Hilltops Council area: $-691,587 First Quartile, Hilltops Council area: $-550,025
Source: Hometrack 2014-2018, Housing Valuation System

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