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, $140,326 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 2014-2018, Housing Valuation System

Housing values
RDA Darling Downs and South West Region20182016Change
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 Queensland2016 to 2018
House--------------
First Quartile$225,133$316,285-28.8%$236,107$314,610-25.0%-$10,974
Median$318,034$458,360-30.6%$320,812$436,708-26.5%-$2,778
Third Quartile$428,364$639,156-33.0%$426,959$595,909-28.4%+$1,405
Unit--------------
First Quartile$206,027$273,559-24.7%$215,832$270,287-20.1%-$9,805
Median$239,352$356,880-32.9%$249,439$347,111-28.1%-$10,087
Third Quartile$283,953$444,896-36.2%$292,058$436,350-33.1%-$8,105

Source: Hometrack 2016-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Queensland: $444,896 Median, Queensland: $356,880 First Quartile, Queensland: $273,559 Third Quartile, Queensland: $639,156 Median, Queensland: $458,360 First Quartile, Queensland: $316,285 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 2016-2018, Housing Valuation System
Change in housing values, 2016 to 2018
Change in housing values, 2016 to 2018 Third Quartile, Queensland: $8,546 Median, Queensland: $9,769 First Quartile, Queensland: $3,272 Third Quartile, Queensland: $43,247 Median, Queensland: $21,652 First Quartile, Queensland: $1,675 Third Quartile, RDA Darling Downs and South West Region: $-8,105 Median, RDA Darling Downs and South West Region: $-10,087 First Quartile, RDA Darling Downs and South West Region: $-9,805 Third Quartile, RDA Darling Downs and South West Region: $1,405 Median, RDA Darling Downs and South West Region: $-2,778 First Quartile, RDA Darling Downs and South West Region: $-10,974
Source: Hometrack 2016-2018, Housing Valuation System

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