RDA Limestone Coast RegionEconomic profile
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Limestone Coast region

Housing valuation

At June 2018, Limestone Coast region had a median house valuation of $239,183, $162,527 lower than the median house valuation for South Australia.

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
Limestone Coast region20182014Change
Housing value (at June)Limestone Coast regionSouth AustraliaLimestone Coast region relative to South AustraliaLimestone Coast regionSouth AustraliaLimestone Coast region relative to South Australia2014 to 2018
House--------------
First Quartile$177,100$283,648-37.6%$178,445$262,337-32.0%-$1,345
Median$239,183$401,710-40.5%$225,426$355,667-36.6%+$13,757
Third Quartile$326,432$554,040-41.1%$289,468$469,248-38.3%+$36,964
Unit--------------
First Quartile$158,643$250,328-36.6%$159,877$240,075-33.4%-$1,234
Median$189,065$312,783-39.6%$184,553$290,932-36.6%+$4,512
Third Quartile$239,292$389,177-38.5%$219,203$354,587-38.2%+$20,089

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, South Australia: $389,177 Median, South Australia: $312,783 First Quartile, South Australia: $250,328 Third Quartile, South Australia: $554,040 Median, South Australia: $401,710 First Quartile, South Australia: $283,648 Third Quartile, Limestone Coast region: $239,292 Median, Limestone Coast region: $189,065 First Quartile, Limestone Coast region: $158,643 Third Quartile, Limestone Coast region: $326,432 Median, Limestone Coast region: $239,183 First Quartile, Limestone Coast region: $177,100
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, South Australia: $34,590 Median, South Australia: $21,851 First Quartile, South Australia: $10,253 Third Quartile, South Australia: $84,792 Median, South Australia: $46,043 First Quartile, South Australia: $21,311 Third Quartile, Limestone Coast region: $20,089 Median, Limestone Coast region: $4,512 First Quartile, Limestone Coast region: $-1,234 Third Quartile, Limestone Coast region: $36,964 Median, Limestone Coast region: $13,757 First Quartile, Limestone Coast region: $-1,345
Source: Hometrack 2014-2018, Housing Valuation System

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