Livingstone ShireEconomic profile
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Livingstone Shire Council area

Housing valuation

At June 2018, Livingstone Shire Council area had a median house valuation of $389,142, $69,218 lower than the median house valuation for Queensland.

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
Livingstone Shire Council area20182016Change
Housing value (at June)Livingstone Shire Council areaQueenslandLivingstone Shire Council area relative to QueenslandLivingstone Shire Council areaQueenslandLivingstone Shire Council area relative to Queensland2016 to 2018
House--------------
First Quartile$314,501$316,285-0.6%$334,498$314,610+6.3%-$19,997
Median$389,142$458,360-15.1%$414,098$436,708-5.2%-$24,956
Third Quartile$475,085$639,156-25.7%$503,972$595,909-15.4%-$28,887
Unit--------------
First Quartile$214,268$273,559-21.7%$233,281$270,287-13.7%-$19,013
Median$246,218$356,880-31.0%$278,669$347,111-19.7%-$32,451
Third Quartile$354,834$444,896-20.2%$387,969$436,350-11.1%-$33,135

Source: Hometrack 2016-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Queensland: $444,896 Median, Queensland: $356,880 First Quartile, Queensland: $273,559 Third Quartile, Queensland: $639,156 Median, Queensland: $458,360 First Quartile, Queensland: $316,285 Third Quartile, Livingstone Shire Council area: $354,834 Median, Livingstone Shire Council area: $246,218 First Quartile, Livingstone Shire Council area: $214,268 Third Quartile, Livingstone Shire Council area: $475,085 Median, Livingstone Shire Council area: $389,142 First Quartile, Livingstone Shire Council area: $314,501
Source: Hometrack 2016-2018, Housing Valuation System
Change in housing values, 2016 to 2018
Change in housing values, 2016 to 2018 Third Quartile, Queensland: $8,546 Median, Queensland: $9,769 First Quartile, Queensland: $3,272 Third Quartile, Queensland: $43,247 Median, Queensland: $21,652 First Quartile, Queensland: $1,675 Third Quartile, Livingstone Shire Council area: $-33,135 Median, Livingstone Shire Council area: $-32,451 First Quartile, Livingstone Shire Council area: $-19,013 Third Quartile, Livingstone Shire Council area: $-28,887 Median, Livingstone Shire Council area: $-24,956 First Quartile, Livingstone Shire Council area: $-19,997
Source: Hometrack 2016-2018, Housing Valuation System

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