Northern Beaches CouncilEconomic profile
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Northern Beaches Council area

Housing valuation

At June 2017, Northern Beaches Council area had a median house valuation of $649,899, $61,107 lower 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 area20172013Change
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 Wales2013 to 2017
House--------------
First Quartile$398,949$459,213-13.1%$333,220$331,720+0.5%+$65,729
Median$649,899$711,006-8.6%$553,082$457,239+21.0%+$96,817
Third Quartile$1,659,935$1,184,666+40.1%$913,977$701,375+30.3%+$745,958
Unit--------------
First Quartile$355,933$461,371-22.9%$305,633$305,938-0.1%+$50,300
Median$799,517$671,543+19.1%$461,863$430,178+7.4%+$337,654
Third Quartile$1,079,780$903,371+19.5%$601,013$570,847+5.3%+$478,767

Source: Hometrack 2013-2017, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, New South Wales: $903,371 Median, New South Wales: $671,543 First Quartile, New South Wales: $461,371 Third Quartile, New South Wales: $1,184,666 Median, New South Wales: $711,006 First Quartile, New South Wales: $459,213 Third Quartile, Northern Beaches Council area: $1,079,780 Median, Northern Beaches Council area: $799,517 First Quartile, Northern Beaches Council area: $355,933 Third Quartile, Northern Beaches Council area: $1,659,935 Median, Northern Beaches Council area: $649,899 First Quartile, Northern Beaches Council area: $398,949
Source: Hometrack 2013-2017, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, New South Wales: $332,524 Median, New South Wales: $241,365 First Quartile, New South Wales: $155,433 Third Quartile, New South Wales: $483,291 Median, New South Wales: $253,767 First Quartile, New South Wales: $127,493 Third Quartile, Northern Beaches Council area: $478,767 Median, Northern Beaches Council area: $337,654 First Quartile, Northern Beaches Council area: $50,300 Third Quartile, Northern Beaches Council area: $745,958 Median, Northern Beaches Council area: $96,817 First Quartile, Northern Beaches Council area: $65,729
Source: Hometrack 2013-2017, Housing Valuation System

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