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Coorong District Council area

Housing valuation

At June 2018, Coorong District Council area had a median house valuation of $222,624, $21,513 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
Coorong District Council area20182014Change
Housing value (at June)Coorong District Council areaRegional SACoorong District Council area relative to Regional SACoorong District Council areaRegional SACoorong District Council area relative to Regional SA2014 to 2018
House--------------
First Quartile$156,378$171,732-8.9%$169,516$181,275-6.5%-$13,138
Median$222,624$244,137-8.8%$196,967$240,704-18.2%+$25,657
Third Quartile$285,000$337,385-15.5%$249,566$318,912-21.7%+$35,434
Unit--------------
First Quartile$226,988$157,437+44.2%$204,016$165,614+23.2%+$22,972
Median$226,988$208,535+8.8%$204,016$206,508-1.2%+$22,972
Third Quartile$226,992$264,426-14.2%$204,016$260,154-21.6%+$22,976

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, Coorong District Council area: $226,992 Median, Coorong District Council area: $226,988 First Quartile, Coorong District Council area: $226,988 Third Quartile, Coorong District Council area: $285,000 Median, Coorong District Council area: $222,624 First Quartile, Coorong District Council area: $156,378
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, Coorong District Council area: $22,976 Median, Coorong District Council area: $22,972 First Quartile, Coorong District Council area: $22,972 Third Quartile, Coorong District Council area: $35,434 Median, Coorong District Council area: $25,657 First Quartile, Coorong District Council area: $-13,138
Source: Hometrack 2014-2018, Housing Valuation System

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