Kyogle CouncilEconomic profile
Skip to content

Kyogle Council area

Housing valuation

At June 2018, Kyogle Council area had a median house valuation of $341,720, $398,724 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 2014-2018, Housing Valuation System

Housing values
Kyogle Council area20182014Change
Housing value (at June)Kyogle Council areaNSWKyogle Council area relative to NSWKyogle Council areaNSWKyogle Council area relative to NSW2014 to 2018
House--------------
First Quartile$222,854$498,085-55.3%$225,136$361,802-37.8%-$2,282
Median$341,720$740,444-53.8%$318,160$508,933-37.5%+$23,560
Third Quartile$453,573$1,171,986-61.3%$441,025$799,290-44.8%+$12,548
Unit--------------
First Quartile$243,607$485,261-49.8%$171,048$343,269-50.2%+$72,559
Median$248,873$676,368-63.2%$184,874$496,521-62.8%+$63,999
Third Quartile$253,687$890,202-71.5%$191,083$659,154-71.0%+$62,604

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, Kyogle Council area: $253,687 Median, Kyogle Council area: $248,873 First Quartile, Kyogle Council area: $243,607 Third Quartile, Kyogle Council area: $453,573 Median, Kyogle Council area: $341,720 First Quartile, Kyogle Council area: $222,854
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, Kyogle Council area: $62,604 Median, Kyogle Council area: $63,999 First Quartile, Kyogle Council area: $72,559 Third Quartile, Kyogle Council area: $12,548 Median, Kyogle Council area: $23,560 First Quartile, Kyogle Council area: $-2,282
Source: Hometrack 2014-2018, Housing Valuation System

To continue building your economic story go to...

v20.11.10-1.0.0