City of PlayfordEconomic profile
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City of Playford

Housing valuation

At June 2017, City of Playford had a median house valuation of $252,346, $142,088 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 Playford20172013Change
Housing value (at June)City of PlayfordSouth AustraliaCity of Playford relative to South AustraliaCity of PlayfordSouth AustraliaCity of Playford relative to South Australia2013 to 2017
House--------------
First Quartile$195,007$281,505-30.7%$188,836$254,242-25.7%+$6,171
Median$252,346$394,434-36.0%$235,193$341,851-31.2%+$17,153
Third Quartile$321,903$542,110-40.6%$292,109$450,018-35.1%+$29,794
Unit--------------
First Quartile$178,219$255,268-30.2%$170,891$233,647-26.9%+$7,328
Median$202,932$319,714-36.5%$181,638$281,656-35.5%+$21,294
Third Quartile$401,393$406,581-1.3%$211,944$341,507-37.9%+$189,449

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, South Australia: $406,581 Median, South Australia: $319,714 First Quartile, South Australia: $255,268 Third Quartile, South Australia: $542,110 Median, South Australia: $394,434 First Quartile, South Australia: $281,505 Third Quartile, City of Playford: $401,393 Median, City of Playford: $202,932 First Quartile, City of Playford: $178,219 Third Quartile, City of Playford: $321,903 Median, City of Playford: $252,346 First Quartile, City of Playford: $195,007
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, South Australia: $65,074 Median, South Australia: $38,058 First Quartile, South Australia: $21,621 Third Quartile, South Australia: $92,092 Median, South Australia: $52,583 First Quartile, South Australia: $27,263 Third Quartile, City of Playford: $189,449 Median, City of Playford: $21,294 First Quartile, City of Playford: $7,328 Third Quartile, City of Playford: $29,794 Median, City of Playford: $17,153 First Quartile, City of Playford: $6,171
Source: Hometrack 2011-2016, Housing Valuation System

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