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Berri Barmera Council area

Housing valuation

At June 2018, Berri Barmera Council area had a median house valuation of $206,856, $37,281 lower 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
Berri Barmera Council area20182014Change
Housing value (at June)Berri Barmera Council areaRegional SABerri Barmera Council area relative to Regional SABerri Barmera Council areaRegional SABerri Barmera Council area relative to Regional SA2014 to 2018
House--------------
First Quartile$168,272$171,732-2.0%$155,434$181,275-14.3%+$12,838
Median$206,856$244,137-15.3%$193,522$240,704-19.6%+$13,334
Third Quartile$276,159$337,385-18.1%$243,693$318,912-23.6%+$32,466
Unit--------------
First Quartile$141,739$157,437-10.0%$87,656$165,614-47.1%+$54,083
Median$154,841$208,535-25.7%$109,402$206,508-47.0%+$45,439
Third Quartile$155,462$264,426-41.2%$113,010$260,154-56.6%+$42,452

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, Berri Barmera Council area: $155,462 Median, Berri Barmera Council area: $154,841 First Quartile, Berri Barmera Council area: $141,739 Third Quartile, Berri Barmera Council area: $276,159 Median, Berri Barmera Council area: $206,856 First Quartile, Berri Barmera Council area: $168,272
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, Berri Barmera Council area: $42,452 Median, Berri Barmera Council area: $45,439 First Quartile, Berri Barmera Council area: $54,083 Third Quartile, Berri Barmera Council area: $32,466 Median, Berri Barmera Council area: $13,334 First Quartile, Berri Barmera Council area: $12,838
Source: Hometrack 2014-2018, Housing Valuation System

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