City of MorelandEconomic profile
Skip to content

City of Moreland

Housing valuation

At June 2018, City of Moreland had a median house valuation of $949,011, $136,705 higher than the median house valuation for Greater Melbourne.

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
City of Moreland20182014Change
Housing value (at June)City of MorelandGreater MelbourneCity of Moreland relative to Greater MelbourneCity of MorelandGreater MelbourneCity of Moreland relative to Greater Melbourne2014 to 2018
House--------------
First Quartile$800,270$619,552+29.2%$506,984$402,050+26.1%+$293,286
Median$949,011$812,306+16.8%$638,085$539,700+18.2%+$310,926
Third Quartile$1,092,546$1,178,633-7.3%$720,851$769,917-6.4%+$371,695
Unit--------------
First Quartile$451,016$451,813-0.2%$357,942$352,986+1.4%+$93,074
Median$519,200$552,448-6.0%$413,472$449,745-8.1%+$105,728
Third Quartile$598,983$684,703-12.5%$466,412$560,465-16.8%+$132,571

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Greater Melbourne: $684,703 Median, Greater Melbourne: $552,448 First Quartile, Greater Melbourne: $451,813 Third Quartile, Greater Melbourne: $1,178,633 Median, Greater Melbourne: $812,306 First Quartile, Greater Melbourne: $619,552 Third Quartile, City of Moreland: $598,983 Median, City of Moreland: $519,200 First Quartile, City of Moreland: $451,016 Third Quartile, City of Moreland: $1,092,546 Median, City of Moreland: $949,011 First Quartile, City of Moreland: $800,270
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Greater Melbourne: $124,238 Median, Greater Melbourne: $102,703 First Quartile, Greater Melbourne: $98,827 Third Quartile, Greater Melbourne: $408,716 Median, Greater Melbourne: $272,606 First Quartile, Greater Melbourne: $217,502 Third Quartile, City of Moreland: $132,571 Median, City of Moreland: $105,728 First Quartile, City of Moreland: $93,074 Third Quartile, City of Moreland: $371,695 Median, City of Moreland: $310,926 First Quartile, City of Moreland: $293,286
Source: Hometrack 2014-2018, Housing Valuation System

To continue building your economic story go to...

v19.11.15-1.0.0