Murchison AreaEconomic profile
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Murchison Area

Housing prices

At June 2018, the median house valuation in King Island Council area was $130,388 lower compared to Tasmania.

This indicator shows the value of houses and units in the Murchison Area and wider region during the period 2014-2018. Housing values are an indicator of the level of demand for housing in the area, as well as the type of housing available. Housing demand may be related to the desirability of the area and proximity to major employment destinations.

Value of houses
Value of houses Tasmania: $291,516 Tasmania: $287,704 Tasmania: $295,527 Tasmania: $313,540 Tasmania: $344,437 Greater Hobart: $347,446 Greater Hobart: $354,159 Greater Hobart: $370,101 Greater Hobart: $402,638 Greater Hobart: $473,644 King Island Council area: $232,863 King Island Council area: $195,219 King Island Council area: $220,490 King Island Council area: $219,634 King Island Council area: $214,049
Source: Hometrack 2014-2018, Housing Valuation System
Value of units
Value of units Tasmania: $231,719 Tasmania: $227,981 Tasmania: $240,227 Tasmania: $253,832 Tasmania: $278,629 Greater Hobart: $258,529 Greater Hobart: $254,268 Greater Hobart: $279,434 Greater Hobart: $298,528 Greater Hobart: $336,308 King Island Council area: $0 King Island Council area: $0 King Island Council area: $302,539 King Island Council area: $0 King Island Council area: $0
Source: Hometrack 2014-2018, Housing Valuation System
Median housing value
HousesUnits
Year (at June)King Island Council areaGreater HobartTasmaniaKing Island Council areaGreater HobartTasmania
2018$214,049$473,644$344,437--$336,308$278,629
2017$219,634$402,638$313,540--$298,528$253,832
2016$220,490$370,101$295,527$302,539$279,434$240,227
2015$195,219$354,159$287,704--$254,268$227,981
2014$232,863$347,446$291,516--$258,529$231,719

Source: Hometrack 2014-2018, Housing Valuation System.

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