RDA Limestone Coast RegionEconomic profile
Skip to content

Kingston District Council area

Housing valuation

At June 2018, Kingston District Council area had a median house valuation of $253,105, $8,968 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
Kingston District Council area20182014Change
Housing value (at June)Kingston District Council areaRegional SAKingston District Council area relative to Regional SAKingston District Council areaRegional SAKingston District Council area relative to Regional SA2014 to 2018
House--------------
First Quartile$205,650$171,732+19.8%$197,621$181,275+9.0%+$8,029
Median$253,105$244,137+3.7%$229,701$240,704-4.6%+$23,404
Third Quartile$336,210$337,385-0.3%$278,935$318,912-12.5%+$57,275
Unit--------------
First Quartile$0$157,437-100.0%$0$165,614-100.0%0
Median$0$208,535-100.0%$0$206,508-100.0%0
Third Quartile$0$264,426-100.0%$0$260,154-100.0%0

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, Kingston District Council area: $0 Median, Kingston District Council area: $0 First Quartile, Kingston District Council area: $0 Third Quartile, Kingston District Council area: $336,210 Median, Kingston District Council area: $253,105 First Quartile, Kingston District Council area: $205,650
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, Kingston District Council area: $0 Median, Kingston District Council area: $0 First Quartile, Kingston District Council area: $0 Third Quartile, Kingston District Council area: $57,275 Median, Kingston District Council area: $23,404 First Quartile, Kingston District Council area: $8,029
Source: Hometrack 2014-2018, Housing Valuation System

To continue building your economic story go to...

v19.10.16-1.0.0