RDA Darling Downs and South West RegionEconomic profile
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RDA Darling Downs and South West Region

Housing valuation

At June 2017, RDA Darling Downs and South West Region had a median house valuation of $313,260, $146,093 lower than the median house valuation for Queensland.

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
RDA Darling Downs and South West Region20172013Change
Housing value (at June)RDA Darling Downs and South West RegionQueenslandRDA Darling Downs and South West Region relative to QueenslandRDA Darling Downs and South West RegionQueenslandRDA Darling Downs and South West Region relative to Queensland2013 to 2017
House--------------
First Quartile$221,362$318,187-30.4%$226,596$303,498-25.3%-$5,234
Median$313,260$459,353-31.8%$290,288$398,530-27.2%+$22,972
Third Quartile$420,511$632,943-33.6%$379,460$512,407-25.9%+$41,051
Unit--------------
First Quartile$216,357$273,293-20.8%$199,635$253,719-21.3%+$16,722
Median$253,610$353,056-28.2%$224,272$315,561-28.9%+$29,338
Third Quartile$302,744$443,936-31.8%$256,582$390,486-34.3%+$46,162

Source: Hometrack 2013-2017, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Queensland: $443,936 Median, Queensland: $353,056 First Quartile, Queensland: $273,293 Third Quartile, Queensland: $632,943 Median, Queensland: $459,353 First Quartile, Queensland: $318,187 Third Quartile, RDA Darling Downs and South West Region: $302,744 Median, RDA Darling Downs and South West Region: $253,610 First Quartile, RDA Darling Downs and South West Region: $216,357 Third Quartile, RDA Darling Downs and South West Region: $420,511 Median, RDA Darling Downs and South West Region: $313,260 First Quartile, RDA Darling Downs and South West Region: $221,362
Source: Hometrack 2013-2017, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, Queensland: $53,450 Median, Queensland: $37,495 First Quartile, Queensland: $19,574 Third Quartile, Queensland: $120,536 Median, Queensland: $60,823 First Quartile, Queensland: $14,689 Third Quartile, RDA Darling Downs and South West Region: $46,162 Median, RDA Darling Downs and South West Region: $29,338 First Quartile, RDA Darling Downs and South West Region: $16,722 Third Quartile, RDA Darling Downs and South West Region: $41,051 Median, RDA Darling Downs and South West Region: $22,972 First Quartile, RDA Darling Downs and South West Region: $-5,234
Source: Hometrack 2013-2017, Housing Valuation System

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