Town of Port HedlandEconomic profile
Skip to content

Town of Port Hedland

Housing valuation

At June 2018, Town of Port Hedland had a median house valuation of $251,458, $213,854 lower than the median house valuation for Western 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 2014-2018, Housing Valuation System

Housing values
Town of Port Hedland20182014Change
Housing value (at June)Town of Port HedlandWestern AustraliaTown of Port Hedland relative to Western AustraliaTown of Port HedlandWestern AustraliaTown of Port Hedland relative to Western Australia2014 to 2018
House--------------
First Quartile$194,225$354,996-45.3%$752,846$413,814+81.9%-$558,621
Median$251,458$465,312-46.0%$842,126$537,452+56.7%-$590,668
Third Quartile$360,073$636,804-43.5%$1,039,644$706,574+47.1%-$679,571
Unit--------------
First Quartile$107,319$272,568-60.6%$592,142$334,690+76.9%-$484,823
Median$164,570$352,615-53.3%$711,414$427,041+66.6%-$546,844
Third Quartile$218,751$446,927-51.1%$772,991$540,710+43.0%-$554,240

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Western Australia: $446,927 Median, Western Australia: $352,615 First Quartile, Western Australia: $272,568 Third Quartile, Western Australia: $636,804 Median, Western Australia: $465,312 First Quartile, Western Australia: $354,996 Third Quartile, Town of Port Hedland: $218,751 Median, Town of Port Hedland: $164,570 First Quartile, Town of Port Hedland: $107,319 Third Quartile, Town of Port Hedland: $360,073 Median, Town of Port Hedland: $251,458 First Quartile, Town of Port Hedland: $194,225
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Western Australia: $-93,783 Median, Western Australia: $-74,426 First Quartile, Western Australia: $-62,122 Third Quartile, Western Australia: $-69,770 Median, Western Australia: $-72,140 First Quartile, Western Australia: $-58,818 Third Quartile, Town of Port Hedland: $-554,240 Median, Town of Port Hedland: $-546,844 First Quartile, Town of Port Hedland: $-484,823 Third Quartile, Town of Port Hedland: $-679,571 Median, Town of Port Hedland: $-590,668 First Quartile, Town of Port Hedland: $-558,621
Source: Hometrack 2014-2018, Housing Valuation System

To continue building your economic story go to...

v19.08.22-1.0.0