Maranoa Regional CouncilEconomic profile
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Maranoa Regional Council

Housing valuation

At June 2017, Maranoa Regional Council had a median house valuation of $225,391, $233,962 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 2013-2017, Housing Valuation System

Housing values
Maranoa Regional Council20172013Change
Housing value (at June)Maranoa Regional CouncilQueenslandMaranoa Regional Council relative to QueenslandMaranoa Regional CouncilQueenslandMaranoa Regional Council relative to Queensland2013 to 2017
House--------------
First Quartile$163,330$318,187-48.7%$210,070$303,498-30.8%-$46,740
Median$225,391$459,353-50.9%$309,557$398,530-22.3%-$84,166
Third Quartile$295,920$632,943-53.2%$400,332$512,407-21.9%-$104,412
Unit--------------
First Quartile$424,895$273,293+55.5%$198,763$253,719-21.7%+$226,132
Median$768,866$353,056+117.8%$206,521$315,561-34.6%+$562,345
Third Quartile$878,407$443,936+97.9%$213,973$390,486-45.2%+$664,434

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Queensland: $443,936 Median, Queensland: $353,056 First Quartile, Queensland: $273,293 Third Quartile, Queensland: $632,943 Median, Queensland: $459,353 First Quartile, Queensland: $318,187 Third Quartile, Maranoa Regional Council: $878,407 Median, Maranoa Regional Council: $768,866 First Quartile, Maranoa Regional Council: $424,895 Third Quartile, Maranoa Regional Council: $295,920 Median, Maranoa Regional Council: $225,391 First Quartile, Maranoa Regional Council: $163,330
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, Queensland: $53,450 Median, Queensland: $37,495 First Quartile, Queensland: $19,574 Third Quartile, Queensland: $120,536 Median, Queensland: $60,823 First Quartile, Queensland: $14,689 Third Quartile, Maranoa Regional Council: $664,434 Median, Maranoa Regional Council: $562,345 First Quartile, Maranoa Regional Council: $226,132 Third Quartile, Maranoa Regional Council: $-104,412 Median, Maranoa Regional Council: $-84,166 First Quartile, Maranoa Regional Council: $-46,740
Source: Hometrack 2011-2016, Housing Valuation System

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