City of KalamundaEconomic profile
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City of Kalamunda

Housing valuation

At June 2018, City of Kalamunda had a median house valuation of $494,844, $29,532 higher than the median house valuation for Western Australia.

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 Kalamunda20182014Change
Housing value (at June)City of KalamundaWestern AustraliaCity of Kalamunda relative to Western AustraliaCity of KalamundaWestern AustraliaCity of Kalamunda relative to Western Australia2014 to 2018
House--------------
First Quartile$415,970$354,996+17.2%$466,062$413,814+12.6%-$50,092
Median$494,844$465,312+6.3%$543,974$537,452+1.2%-$49,130
Third Quartile$645,113$636,804+1.3%$677,295$706,574-4.1%-$32,182
Unit--------------
First Quartile$322,039$272,568+18.2%$331,775$334,690-0.9%-$9,736
Median$347,042$352,615-1.6%$376,034$427,041-11.9%-$28,992
Third Quartile$410,440$446,927-8.2%$430,132$540,710-20.5%-$19,692

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Western Australia: $446,927 Median, Western Australia: $352,615 First Quartile, Western Australia: $272,568 Third Quartile, Western Australia: $636,804 Median, Western Australia: $465,312 First Quartile, Western Australia: $354,996 Third Quartile, City of Kalamunda: $410,440 Median, City of Kalamunda: $347,042 First Quartile, City of Kalamunda: $322,039 Third Quartile, City of Kalamunda: $645,113 Median, City of Kalamunda: $494,844 First Quartile, City of Kalamunda: $415,970
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Western Australia: $-93,783 Median, Western Australia: $-74,426 First Quartile, Western Australia: $-62,122 Third Quartile, Western Australia: $-69,770 Median, Western Australia: $-72,140 First Quartile, Western Australia: $-58,818 Third Quartile, City of Kalamunda: $-19,692 Median, City of Kalamunda: $-28,992 First Quartile, City of Kalamunda: $-9,736 Third Quartile, City of Kalamunda: $-32,182 Median, City of Kalamunda: $-49,130 First Quartile, City of Kalamunda: $-50,092
Source: Hometrack 2014-2018, Housing Valuation System

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