Murweh ShireEconomic profile
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Murweh Shire

Housing valuation

At June 2017, Murweh Shire had a median house valuation of $147,820, $228,506 lower than the median house valuation for Regional QLD.

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
Murweh Shire20172013Change
Housing value (at June)Murweh ShireRegional QLDMurweh Shire relative to Regional QLDMurweh ShireRegional QLDMurweh Shire relative to Regional QLD2013 to 2017
House--------------
First Quartile$110,485$264,936-58.3%$119,503$278,445-57.1%-$9,018
Median$147,820$376,326-60.7%$158,746$368,796-57.0%-$10,926
Third Quartile$188,490$545,825-65.5%$188,209$469,385-59.9%+$281
Unit--------------
First Quartile$359,479$242,232+48.4%$0$234,615-100.0%+$359,479
Median$360,246$334,669+7.6%$0$289,904-100.0%+$360,246
Third Quartile$728,736$445,242+63.7%$0$366,289-100.0%+$728,736

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Regional QLD: $445,242 Median, Regional QLD: $334,669 First Quartile, Regional QLD: $242,232 Third Quartile, Regional QLD: $545,825 Median, Regional QLD: $376,326 First Quartile, Regional QLD: $264,936 Third Quartile, Murweh Shire: $728,736 Median, Murweh Shire: $360,246 First Quartile, Murweh Shire: $359,479 Third Quartile, Murweh Shire: $188,490 Median, Murweh Shire: $147,820 First Quartile, Murweh Shire: $110,485
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, Regional QLD: $78,953 Median, Regional QLD: $44,765 First Quartile, Regional QLD: $7,617 Third Quartile, Regional QLD: $76,440 Median, Regional QLD: $7,530 First Quartile, Regional QLD: $-13,509 Third Quartile, Murweh Shire: $728,736 Median, Murweh Shire: $360,246 First Quartile, Murweh Shire: $359,479 Third Quartile, Murweh Shire: $281 Median, Murweh Shire: $-10,926 First Quartile, Murweh Shire: $-9,018
Source: Hometrack 2011-2016, Housing Valuation System

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