RDA Darling Downs and South West RegionEconomic profile
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Murweh Shire

Housing valuation

At June 2018, Murweh Shire had a median house valuation of $125,059, $250,447 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
Murweh Shire20182014Change
Housing value (at June)Murweh ShireRegional QLDMurweh Shire relative to Regional QLDMurweh ShireRegional QLDMurweh Shire relative to Regional QLD2014 to 2018
House--------------
First Quartile$93,316$261,275-64.3%$139,872$289,120-51.6%-$46,556
Median$125,059$375,506-66.7%$175,727$382,365-54.0%-$50,668
Third Quartile$170,502$554,728-69.3%$210,003$490,116-57.2%-$39,501
Unit--------------
First Quartile$0$239,611-100.0%$0$244,710-100.0%0
Median$0$342,533-100.0%$0$302,253-100.0%0
Third Quartile$0$450,905-100.0%$0$379,782-100.0%0

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, Murweh Shire: $0 Median, Murweh Shire: $0 First Quartile, Murweh Shire: $0 Third Quartile, Murweh Shire: $170,502 Median, Murweh Shire: $125,059 First Quartile, Murweh Shire: $93,316
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, Murweh Shire: $0 Median, Murweh Shire: $0 First Quartile, Murweh Shire: $0 Third Quartile, Murweh Shire: $-39,501 Median, Murweh Shire: $-50,668 First Quartile, Murweh Shire: $-46,556
Source: Hometrack 2014-2018, Housing Valuation System

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