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

Housing valuation

At June 2018, Southern Downs Regional Council area had a median house valuation of $276,717, $98,789 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
Southern Downs Regional Council area20182014Change
Housing value (at June)Southern Downs Regional Council areaRegional QLDSouthern Downs Regional Council area relative to Regional QLDSouthern Downs Regional Council areaRegional QLDSouthern Downs Regional Council area relative to Regional QLD2014 to 2018
House--------------
First Quartile$219,604$261,275-15.9%$224,791$289,120-22.2%-$5,187
Median$276,717$375,506-26.3%$273,336$382,365-28.5%+$3,381
Third Quartile$363,911$554,728-34.4%$347,294$490,116-29.1%+$16,617
Unit--------------
First Quartile$199,015$239,611-16.9%$222,559$244,710-9.1%-$23,544
Median$220,770$342,533-35.5%$242,289$302,253-19.8%-$21,519
Third Quartile$260,793$450,905-42.2%$267,023$379,782-29.7%-$6,230

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, Southern Downs Regional Council area: $260,793 Median, Southern Downs Regional Council area: $220,770 First Quartile, Southern Downs Regional Council area: $199,015 Third Quartile, Southern Downs Regional Council area: $363,911 Median, Southern Downs Regional Council area: $276,717 First Quartile, Southern Downs Regional Council area: $219,604
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, Southern Downs Regional Council area: $-6,230 Median, Southern Downs Regional Council area: $-21,519 First Quartile, Southern Downs Regional Council area: $-23,544 Third Quartile, Southern Downs Regional Council area: $16,617 Median, Southern Downs Regional Council area: $3,381 First Quartile, Southern Downs Regional Council area: $-5,187
Source: Hometrack 2014-2018, Housing Valuation System

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