City of MorelandEconomic profile
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City of Moreland

Housing valuation

At June 2018, City of Moreland had a median house valuation of $949,011, $278,950 higher than the median house valuation for Victoria.

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 Moreland20182016Change
Housing value (at June)City of MorelandVictoriaCity of Moreland relative to VictoriaCity of MorelandVictoriaCity of Moreland relative to Victoria2016 to 2018
House--------------
First Quartile$800,270$461,586+73.4%$613,404$365,775+67.7%+$186,866
Median$949,011$670,061+41.6%$766,697$527,365+45.4%+$182,314
Third Quartile$1,092,546$1,001,613+9.1%$885,790$830,094+6.7%+$206,756
Unit--------------
First Quartile$451,016$412,486+9.3%$385,386$340,538+13.2%+$65,630
Median$519,200$526,184-1.3%$444,620$465,061-4.4%+$74,580
Third Quartile$598,983$662,536-9.6%$510,856$593,370-13.9%+$88,127

Source: Hometrack 2016-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Victoria: $662,536 Median, Victoria: $526,184 First Quartile, Victoria: $412,486 Third Quartile, Victoria: $1,001,613 Median, Victoria: $670,061 First Quartile, Victoria: $461,586 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 2016-2018, Housing Valuation System
Change in housing values, 2016 to 2018
Change in housing values, 2016 to 2018 Third Quartile, Victoria: $69,166 Median, Victoria: $61,123 First Quartile, Victoria: $71,948 Third Quartile, Victoria: $171,519 Median, Victoria: $142,696 First Quartile, Victoria: $95,811 Third Quartile, City of Moreland: $88,127 Median, City of Moreland: $74,580 First Quartile, City of Moreland: $65,630 Third Quartile, City of Moreland: $206,756 Median, City of Moreland: $182,314 First Quartile, City of Moreland: $186,866
Source: Hometrack 2016-2018, Housing Valuation System

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