City of PlayfordEconomic profile
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City of Playford

Housing valuation

At June 2018, City of Playford had a median house valuation of $253,237, $148,473 lower than the median house valuation for South Australia.

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
City of Playford20182014Change
Housing value (at June)City of PlayfordSouth AustraliaCity of Playford relative to South AustraliaCity of PlayfordSouth AustraliaCity of Playford relative to South Australia2014 to 2018
House--------------
First Quartile$198,907$283,648-29.9%$189,724$262,337-27.7%+$9,183
Median$253,237$401,710-37.0%$236,433$355,667-33.5%+$16,804
Third Quartile$321,202$554,040-42.0%$290,179$469,248-38.2%+$31,023
Unit--------------
First Quartile$144,200$250,328-42.4%$181,176$240,075-24.5%-$36,976
Median$156,919$312,783-49.8%$197,990$290,932-31.9%-$41,071
Third Quartile$219,902$389,177-43.5%$215,423$354,587-39.2%+$4,479

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, South Australia: $389,177 Median, South Australia: $312,783 First Quartile, South Australia: $250,328 Third Quartile, South Australia: $554,040 Median, South Australia: $401,710 First Quartile, South Australia: $283,648 Third Quartile, City of Playford: $219,902 Median, City of Playford: $156,919 First Quartile, City of Playford: $144,200 Third Quartile, City of Playford: $321,202 Median, City of Playford: $253,237 First Quartile, City of Playford: $198,907
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, South Australia: $34,590 Median, South Australia: $21,851 First Quartile, South Australia: $10,253 Third Quartile, South Australia: $84,792 Median, South Australia: $46,043 First Quartile, South Australia: $21,311 Third Quartile, City of Playford: $4,479 Median, City of Playford: $-41,071 First Quartile, City of Playford: $-36,976 Third Quartile, City of Playford: $31,023 Median, City of Playford: $16,804 First Quartile, City of Playford: $9,183
Source: Hometrack 2014-2018, Housing Valuation System

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