Northern Beaches CouncilEconomic profile
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Northern Beaches Council area

Housing valuation

At June 2018, Northern Beaches Council area had a median house valuation of $1,730,862, $990,418 higher than the median house valuation for New South Wales.

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
Northern Beaches Council area20182014Change
Housing value (at June)Northern Beaches Council areaNew South WalesNorthern Beaches Council area relative to New South WalesNorthern Beaches Council areaNew South WalesNorthern Beaches Council area relative to New South Wales2014 to 2018
House--------------
First Quartile$1,535,545$498,085+208.3%$979,765$361,802+170.8%+$555,780
Median$1,730,862$740,444+133.8%$1,120,055$508,933+120.1%+$610,807
Third Quartile$2,194,279$1,171,986+87.2%$1,395,301$799,290+74.6%+$798,978
Unit--------------
First Quartile$788,146$485,261+62.4%$535,245$343,269+55.9%+$252,901
Median$945,899$676,368+39.8%$630,901$496,521+27.1%+$314,998
Third Quartile$1,192,878$890,202+34.0%$780,763$659,154+18.4%+$412,115

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, New South Wales: $890,202 Median, New South Wales: $676,368 First Quartile, New South Wales: $485,261 Third Quartile, New South Wales: $1,171,986 Median, New South Wales: $740,444 First Quartile, New South Wales: $498,085 Third Quartile, Northern Beaches Council area: $1,192,878 Median, Northern Beaches Council area: $945,899 First Quartile, Northern Beaches Council area: $788,146 Third Quartile, Northern Beaches Council area: $2,194,279 Median, Northern Beaches Council area: $1,730,862 First Quartile, Northern Beaches Council area: $1,535,545
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, New South Wales: $231,048 Median, New South Wales: $179,847 First Quartile, New South Wales: $141,992 Third Quartile, New South Wales: $372,696 Median, New South Wales: $231,511 First Quartile, New South Wales: $136,283 Third Quartile, Northern Beaches Council area: $412,115 Median, Northern Beaches Council area: $314,998 First Quartile, Northern Beaches Council area: $252,901 Third Quartile, Northern Beaches Council area: $798,978 Median, Northern Beaches Council area: $610,807 First Quartile, Northern Beaches Council area: $555,780
Source: Hometrack 2014-2018, Housing Valuation System

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