RDA Limestone Coast RegionEconomic profile
Skip to content

Limestone Coast region

Housing valuation

At June 2017, Limestone Coast region had a median house valuation of $230,581, $163,853 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 2013-2017, Housing Valuation System

Housing values
Limestone Coast region20172013Change
Housing value (at June)Limestone Coast regionSouth AustraliaLimestone Coast region relative to South AustraliaLimestone Coast regionSouth AustraliaLimestone Coast region relative to South Australia2013 to 2017
House--------------
First Quartile$175,717$281,505-37.6%$170,041$254,242-33.1%+$5,676
Median$230,581$394,434-41.5%$213,799$341,851-37.5%+$16,782
Third Quartile$309,934$542,110-42.8%$274,430$450,018-39.0%+$35,504
Unit--------------
First Quartile$171,683$255,268-32.7%$162,651$233,647-30.4%+$9,032
Median$207,819$319,714-35.0%$184,989$281,656-34.3%+$22,830
Third Quartile$287,019$406,581-29.4%$245,645$341,507-28.1%+$41,374

Source: Hometrack 2013-2017, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, South Australia: $406,581 Median, South Australia: $319,714 First Quartile, South Australia: $255,268 Third Quartile, South Australia: $542,110 Median, South Australia: $394,434 First Quartile, South Australia: $281,505 Third Quartile, Limestone Coast region: $287,019 Median, Limestone Coast region: $207,819 First Quartile, Limestone Coast region: $171,683 Third Quartile, Limestone Coast region: $309,934 Median, Limestone Coast region: $230,581 First Quartile, Limestone Coast region: $175,717
Source: Hometrack 2013-2017, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, South Australia: $65,074 Median, South Australia: $38,058 First Quartile, South Australia: $21,621 Third Quartile, South Australia: $92,092 Median, South Australia: $52,583 First Quartile, South Australia: $27,263 Third Quartile, Limestone Coast region: $41,374 Median, Limestone Coast region: $22,830 First Quartile, Limestone Coast region: $9,032 Third Quartile, Limestone Coast region: $35,504 Median, Limestone Coast region: $16,782 First Quartile, Limestone Coast region: $5,676
Source: Hometrack 2013-2017, Housing Valuation System

To continue building your economic story go to...

v19.03.15-1.1.1