RDA Murraylands and RiverlandEconomic profile
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RDA Murraylands and Riverland region

Housing valuation

At June 2018, RDA Murraylands and Riverland region had a median house valuation of $221,630, $14,114 lower than the median house valuation for Mid Murray Council area.

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
RDA Murraylands and Riverland region20182014Change
Housing value (at June)RDA Murraylands and Riverland regionMid Murray Council areaRDA Murraylands and Riverland region relative to Mid Murray Council areaRDA Murraylands and Riverland regionMid Murray Council areaRDA Murraylands and Riverland region relative to Mid Murray Council area2014 to 2018
House--------------
First Quartile$169,034$171,734-1.6%$176,294$192,001-8.2%-$7,260
Median$221,630$235,744-6.0%$218,945$241,929-9.5%+$2,685
Third Quartile$286,954$314,416-8.7%$273,345$307,889-11.2%+$13,609
Unit--------------
First Quartile$150,596$172,530-12.7%$103,790$173,180-40.1%+$46,806
Median$159,882$172,530-7.3%$116,197$173,180-32.9%+$43,685
Third Quartile$187,474$199,766-6.2%$162,005$173,180-6.5%+$25,469

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Mid Murray Council area: $199,766 Median, Mid Murray Council area: $172,530 First Quartile, Mid Murray Council area: $172,530 Third Quartile, Mid Murray Council area: $314,416 Median, Mid Murray Council area: $235,744 First Quartile, Mid Murray Council area: $171,734 Third Quartile, RDA Murraylands and Riverland region: $187,474 Median, RDA Murraylands and Riverland region: $159,882 First Quartile, RDA Murraylands and Riverland region: $150,596 Third Quartile, RDA Murraylands and Riverland region: $286,954 Median, RDA Murraylands and Riverland region: $221,630 First Quartile, RDA Murraylands and Riverland region: $169,034
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Mid Murray Council area: $26,586 Median, Mid Murray Council area: $-650 First Quartile, Mid Murray Council area: $-650 Third Quartile, Mid Murray Council area: $6,527 Median, Mid Murray Council area: $-6,185 First Quartile, Mid Murray Council area: $-20,267 Third Quartile, RDA Murraylands and Riverland region: $25,469 Median, RDA Murraylands and Riverland region: $43,685 First Quartile, RDA Murraylands and Riverland region: $46,806 Third Quartile, RDA Murraylands and Riverland region: $13,609 Median, RDA Murraylands and Riverland region: $2,685 First Quartile, RDA Murraylands and Riverland region: $-7,260
Source: Hometrack 2014-2018, Housing Valuation System

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