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

Housing valuation

At June 2018, Western Downs Regional Council area had a median house valuation of $200,209, $175,297 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
Western Downs Regional Council area20182016Change
Housing value (at June)Western Downs Regional Council areaRegional QLDWestern Downs Regional Council area relative to Regional QLDWestern Downs Regional Council areaRegional QLDWestern Downs Regional Council area relative to Regional QLD2016 to 2018
House--------------
First Quartile$128,808$261,275-50.7%$164,924$271,821-39.3%-$36,116
Median$200,209$375,506-46.7%$241,328$379,799-36.5%-$41,119
Third Quartile$287,340$554,728-48.2%$337,470$526,335-35.9%-$50,130
Unit--------------
First Quartile$0$239,611-100.0%$325,067$243,161+33.7%-$325,067
Median$0$342,533-100.0%$602,830$321,364+87.6%-$602,830
Third Quartile$0$450,905-100.0%$766,937$420,520+82.4%-$766,937

Source: Hometrack 2016-2018, 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, Western Downs Regional Council area: $0 Median, Western Downs Regional Council area: $0 First Quartile, Western Downs Regional Council area: $0 Third Quartile, Western Downs Regional Council area: $287,340 Median, Western Downs Regional Council area: $200,209 First Quartile, Western Downs Regional Council area: $128,808
Source: Hometrack 2016-2018, Housing Valuation System
Change in housing values, 2016 to 2018
Change in housing values, 2016 to 2018 Third Quartile, Regional QLD: $30,385 Median, Regional QLD: $21,169 First Quartile, Regional QLD: $-3,550 Third Quartile, Regional QLD: $28,393 Median, Regional QLD: $-4,293 First Quartile, Regional QLD: $-10,546 Third Quartile, Western Downs Regional Council area: $-766,937 Median, Western Downs Regional Council area: $-602,830 First Quartile, Western Downs Regional Council area: $-325,067 Third Quartile, Western Downs Regional Council area: $-50,130 Median, Western Downs Regional Council area: $-41,119 First Quartile, Western Downs Regional Council area: $-36,116
Source: Hometrack 2016-2018, Housing Valuation System

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