Lismore CityEconomic profile
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Lismore City

Housing valuation

At June 2017, Lismore City had a median house valuation of $377,312, $333,694 lower than the median house valuation for New South Wales.

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
Lismore City20172013Change
Housing value (at June)Lismore CityNew South WalesLismore City relative to New South WalesLismore CityNew South WalesLismore City relative to New South Wales2013 to 2017
House--------------
First Quartile$311,742$459,213-32.1%$284,573$331,720-14.2%+$27,169
Median$377,312$711,006-46.9%$343,969$457,239-24.8%+$33,343
Third Quartile$508,715$1,184,666-57.1%$461,644$701,375-34.2%+$47,071
Unit--------------
First Quartile$211,523$461,371-54.2%$190,013$305,938-37.9%+$21,510
Median$240,198$671,543-64.2%$221,782$430,178-48.4%+$18,416
Third Quartile$282,662$903,371-68.7%$262,127$570,847-54.1%+$20,535

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, New South Wales: $903,371 Median, New South Wales: $671,543 First Quartile, New South Wales: $461,371 Third Quartile, New South Wales: $1,184,666 Median, New South Wales: $711,006 First Quartile, New South Wales: $459,213 Third Quartile, Lismore City: $282,662 Median, Lismore City: $240,198 First Quartile, Lismore City: $211,523 Third Quartile, Lismore City: $508,715 Median, Lismore City: $377,312 First Quartile, Lismore City: $311,742
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, New South Wales: $332,524 Median, New South Wales: $241,365 First Quartile, New South Wales: $155,433 Third Quartile, New South Wales: $483,291 Median, New South Wales: $253,767 First Quartile, New South Wales: $127,493 Third Quartile, Lismore City: $20,535 Median, Lismore City: $18,416 First Quartile, Lismore City: $21,510 Third Quartile, Lismore City: $47,071 Median, Lismore City: $33,343 First Quartile, Lismore City: $27,169
Source: Hometrack 2011-2016, Housing Valuation System

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