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

Housing valuation

At June 2018, RDA Darling Downs and South West Region had a median house valuation of $318,034, $57,472 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
RDA Darling Downs and South West Region20182015Change
Housing value (at June)RDA Darling Downs and South West RegionRegional QLDRDA Darling Downs and South West Region relative to Regional QLDRDA Darling Downs and South West RegionRegional QLDRDA Darling Downs and South West Region relative to Regional QLD2015 to 2018
House--------------
First Quartile$225,133$261,275-13.8%$251,706$288,528-12.8%-$26,573
Median$318,034$375,506-15.3%$324,937$385,253-15.7%-$6,903
Third Quartile$428,364$554,728-22.8%$421,646$503,748-16.3%+$6,718
Unit--------------
First Quartile$206,027$239,611-14.0%$217,645$243,224-10.5%-$11,618
Median$239,352$342,533-30.1%$246,606$306,606-19.6%-$7,254
Third Quartile$283,953$450,905-37.0%$285,883$394,090-27.5%-$1,930

Source: Hometrack 2015-2018, 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, RDA Darling Downs and South West Region: $283,953 Median, RDA Darling Downs and South West Region: $239,352 First Quartile, RDA Darling Downs and South West Region: $206,027 Third Quartile, RDA Darling Downs and South West Region: $428,364 Median, RDA Darling Downs and South West Region: $318,034 First Quartile, RDA Darling Downs and South West Region: $225,133
Source: Hometrack 2015-2018, Housing Valuation System
Change in housing values, 2015 to 2018
Change in housing values, 2015 to 2018 Third Quartile, Regional QLD: $56,815 Median, Regional QLD: $35,927 First Quartile, Regional QLD: $-3,613 Third Quartile, Regional QLD: $50,980 Median, Regional QLD: $-9,747 First Quartile, Regional QLD: $-27,253 Third Quartile, RDA Darling Downs and South West Region: $-1,930 Median, RDA Darling Downs and South West Region: $-7,254 First Quartile, RDA Darling Downs and South West Region: $-11,618 Third Quartile, RDA Darling Downs and South West Region: $6,718 Median, RDA Darling Downs and South West Region: $-6,903 First Quartile, RDA Darling Downs and South West Region: $-26,573
Source: Hometrack 2015-2018, Housing Valuation System

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