RDA Limestone Coast RegionEconomic profile
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District Council of Grant

Housing valuation

At June 2018, District Council of Grant had a median house valuation of $338,716, $94,579 higher than the median house valuation for Regional SA.

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
District Council of Grant20182014Change
Housing value (at June)District Council of GrantRegional SADistrict Council of Grant relative to Regional SADistrict Council of GrantRegional SADistrict Council of Grant relative to Regional SA2014 to 2018
House--------------
First Quartile$236,280$171,732+37.6%$198,769$181,275+9.7%+$37,511
Median$338,716$244,137+38.7%$289,927$240,704+20.4%+$48,789
Third Quartile$450,562$337,385+33.5%$407,041$318,912+27.6%+$43,521
Unit--------------
First Quartile$181,102$157,437+15.0%$213,380$165,614+28.8%-$32,278
Median$211,389$208,535+1.4%$303,233$206,508+46.8%-$91,844
Third Quartile$368,453$264,426+39.3%$303,554$260,154+16.7%+$64,899

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Regional SA: $264,426 Median, Regional SA: $208,535 First Quartile, Regional SA: $157,437 Third Quartile, Regional SA: $337,385 Median, Regional SA: $244,137 First Quartile, Regional SA: $171,732 Third Quartile, District Council of Grant: $368,453 Median, District Council of Grant: $211,389 First Quartile, District Council of Grant: $181,102 Third Quartile, District Council of Grant: $450,562 Median, District Council of Grant: $338,716 First Quartile, District Council of Grant: $236,280
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Regional SA: $4,272 Median, Regional SA: $2,027 First Quartile, Regional SA: $-8,177 Third Quartile, Regional SA: $18,473 Median, Regional SA: $3,433 First Quartile, Regional SA: $-9,543 Third Quartile, District Council of Grant: $64,899 Median, District Council of Grant: $-91,844 First Quartile, District Council of Grant: $-32,278 Third Quartile, District Council of Grant: $43,521 Median, District Council of Grant: $48,789 First Quartile, District Council of Grant: $37,511
Source: Hometrack 2014-2018, Housing Valuation System

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