Lismore CityEconomic profile
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Lismore City

Housing valuation

At June 2018, Lismore City had a median house valuation of $417,178, $323,266 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 2014-2018, Housing Valuation System

Housing values
Lismore City20182014Change
Housing value (at June)Lismore CityNew South WalesLismore City relative to New South WalesLismore CityNew South WalesLismore City relative to New South Wales2014 to 2018
House--------------
First Quartile$342,069$498,085-31.3%$299,996$361,802-17.1%+$42,073
Median$417,178$740,444-43.7%$358,889$508,933-29.5%+$58,289
Third Quartile$557,666$1,171,986-52.4%$473,409$799,290-40.8%+$84,257
Unit--------------
First Quartile$230,194$485,261-52.6%$196,062$343,269-42.9%+$34,132
Median$271,813$676,368-59.8%$227,614$496,521-54.2%+$44,199
Third Quartile$320,019$890,202-64.1%$262,813$659,154-60.1%+$57,206

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, New South Wales: $890,202 Median, New South Wales: $676,368 First Quartile, New South Wales: $485,261 Third Quartile, New South Wales: $1,171,986 Median, New South Wales: $740,444 First Quartile, New South Wales: $498,085 Third Quartile, Lismore City: $320,019 Median, Lismore City: $271,813 First Quartile, Lismore City: $230,194 Third Quartile, Lismore City: $557,666 Median, Lismore City: $417,178 First Quartile, Lismore City: $342,069
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, New South Wales: $231,048 Median, New South Wales: $179,847 First Quartile, New South Wales: $141,992 Third Quartile, New South Wales: $372,696 Median, New South Wales: $231,511 First Quartile, New South Wales: $136,283 Third Quartile, Lismore City: $57,206 Median, Lismore City: $44,199 First Quartile, Lismore City: $34,132 Third Quartile, Lismore City: $84,257 Median, Lismore City: $58,289 First Quartile, Lismore City: $42,073
Source: Hometrack 2014-2018, Housing Valuation System

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