Queanbeyan-Palerang Regional CouncilEconomic profile
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Queanbeyan-Palerang Regional Council area

Housing valuation

At June 2018, Queanbeyan-Palerang Regional Council area had a median house valuation of $641,459, $98,985 lower than the median house valuation for NSW.

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
Queanbeyan-Palerang Regional Council area20182014Change
Housing value (at June)Queanbeyan-Palerang Regional Council areaNSWQueanbeyan-Palerang Regional Council area relative to NSWQueanbeyan-Palerang Regional Council areaNSWQueanbeyan-Palerang Regional Council area relative to NSW2014 to 2018
House--------------
First Quartile$509,001$498,085+2.2%$434,797$361,802+20.2%+$74,204
Median$641,459$740,444-13.4%$535,829$508,933+5.3%+$105,630
Third Quartile$827,474$1,171,986-29.4%$708,555$799,290-11.4%+$118,919
Unit--------------
First Quartile$239,007$485,261-50.7%$245,506$343,269-28.5%-$6,499
Median$323,750$676,368-52.1%$309,669$496,521-37.6%+$14,081
Third Quartile$394,092$890,202-55.7%$366,772$659,154-44.4%+$27,320

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, NSW: $890,202 Median, NSW: $676,368 First Quartile, NSW: $485,261 Third Quartile, NSW: $1,171,986 Median, NSW: $740,444 First Quartile, NSW: $498,085 Third Quartile, Queanbeyan-Palerang Regional Council area: $394,092 Median, Queanbeyan-Palerang Regional Council area: $323,750 First Quartile, Queanbeyan-Palerang Regional Council area: $239,007 Third Quartile, Queanbeyan-Palerang Regional Council area: $827,474 Median, Queanbeyan-Palerang Regional Council area: $641,459 First Quartile, Queanbeyan-Palerang Regional Council area: $509,001
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, NSW: $231,048 Median, NSW: $179,847 First Quartile, NSW: $141,992 Third Quartile, NSW: $372,696 Median, NSW: $231,511 First Quartile, NSW: $136,283 Third Quartile, Queanbeyan-Palerang Regional Council area: $27,320 Median, Queanbeyan-Palerang Regional Council area: $14,081 First Quartile, Queanbeyan-Palerang Regional Council area: $-6,499 Third Quartile, Queanbeyan-Palerang Regional Council area: $118,919 Median, Queanbeyan-Palerang Regional Council area: $105,630 First Quartile, Queanbeyan-Palerang Regional Council area: $74,204
Source: Hometrack 2014-2018, Housing Valuation System

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