RDA Darling Downs and South West RegionEconomic profile
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Goondiwindi Regional Council area

Housing valuation

At June 2018, Goondiwindi Regional Council area had a median house valuation of $271,080, $104,426 lower than the median house valuation for Regional QLD.

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
Goondiwindi Regional Council area20182014Change
Housing value (at June)Goondiwindi Regional Council areaRegional QLDGoondiwindi Regional Council area relative to Regional QLDGoondiwindi Regional Council areaRegional QLDGoondiwindi Regional Council area relative to Regional QLD2014 to 2018
House--------------
First Quartile$166,777$261,275-36.2%$170,424$289,120-41.1%-$3,647
Median$271,080$375,506-27.8%$251,402$382,365-34.3%+$19,678
Third Quartile$389,097$554,728-29.9%$342,945$490,116-30.0%+$46,152
Unit--------------
First Quartile$216,807$239,611-9.5%$190,389$244,710-22.2%+$26,418
Median$230,816$342,533-32.6%$198,930$302,253-34.2%+$31,886
Third Quartile$253,512$450,905-43.8%$211,309$379,782-44.4%+$42,203

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Regional QLD: $450,905 Median, Regional QLD: $342,533 First Quartile, Regional QLD: $239,611 Third Quartile, Regional QLD: $554,728 Median, Regional QLD: $375,506 First Quartile, Regional QLD: $261,275 Third Quartile, Goondiwindi Regional Council area: $253,512 Median, Goondiwindi Regional Council area: $230,816 First Quartile, Goondiwindi Regional Council area: $216,807 Third Quartile, Goondiwindi Regional Council area: $389,097 Median, Goondiwindi Regional Council area: $271,080 First Quartile, Goondiwindi Regional Council area: $166,777
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Regional QLD: $71,123 Median, Regional QLD: $40,280 First Quartile, Regional QLD: $-5,099 Third Quartile, Regional QLD: $64,612 Median, Regional QLD: $-6,859 First Quartile, Regional QLD: $-27,845 Third Quartile, Goondiwindi Regional Council area: $42,203 Median, Goondiwindi Regional Council area: $31,886 First Quartile, Goondiwindi Regional Council area: $26,418 Third Quartile, Goondiwindi Regional Council area: $46,152 Median, Goondiwindi Regional Council area: $19,678 First Quartile, Goondiwindi Regional Council area: $-3,647
Source: Hometrack 2014-2018, Housing Valuation System

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