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

Housing valuation

At June 2017, Queanbeyan-Palerang Regional Council area had a median house valuation of $591,989, $139,688 higher than the median house valuation for Regional 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 2013-2017, Housing Valuation System

Housing values
Queanbeyan-Palerang Regional Council area20172013Change
Housing value (at June)Queanbeyan-Palerang Regional Council areaRegional NSWQueanbeyan-Palerang Regional Council area relative to Regional NSWQueanbeyan-Palerang Regional Council areaRegional NSWQueanbeyan-Palerang Regional Council area relative to Regional NSW2013 to 2017
House--------------
First Quartile$472,398$307,281+53.7%$433,543$260,225+66.6%+$38,855
Median$591,989$452,301+30.9%$526,892$351,644+49.8%+$65,097
Third Quartile$772,705$629,231+22.8%$683,273$462,975+47.6%+$89,432
Unit--------------
First Quartile$230,386$270,880-14.9%$231,640$219,306+5.6%-$1,254
Median$304,419$365,414-16.7%$292,318$275,224+6.2%+$12,101
Third Quartile$369,082$481,353-23.3%$365,096$347,970+4.9%+$3,986

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Regional NSW: $481,353 Median, Regional NSW: $365,414 First Quartile, Regional NSW: $270,880 Third Quartile, Regional NSW: $629,231 Median, Regional NSW: $452,301 First Quartile, Regional NSW: $307,281 Third Quartile, Queanbeyan-Palerang Regional Council area: $369,082 Median, Queanbeyan-Palerang Regional Council area: $304,419 First Quartile, Queanbeyan-Palerang Regional Council area: $230,386 Third Quartile, Queanbeyan-Palerang Regional Council area: $772,705 Median, Queanbeyan-Palerang Regional Council area: $591,989 First Quartile, Queanbeyan-Palerang Regional Council area: $472,398
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, Regional NSW: $133,383 Median, Regional NSW: $90,190 First Quartile, Regional NSW: $51,574 Third Quartile, Regional NSW: $166,256 Median, Regional NSW: $100,657 First Quartile, Regional NSW: $47,056 Third Quartile, Queanbeyan-Palerang Regional Council area: $3,986 Median, Queanbeyan-Palerang Regional Council area: $12,101 First Quartile, Queanbeyan-Palerang Regional Council area: $-1,254 Third Quartile, Queanbeyan-Palerang Regional Council area: $89,432 Median, Queanbeyan-Palerang Regional Council area: $65,097 First Quartile, Queanbeyan-Palerang Regional Council area: $38,855
Source: Hometrack 2011-2016, Housing Valuation System

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