RDA Murraylands and RiverlandEconomic profile
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Mid Murray Council area

Housing valuation

At June 2018, Mid Murray Council area had a median house valuation of $235,744, $8,393 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
Mid Murray Council area20182014Change
Housing value (at June)Mid Murray Council areaRegional SAMid Murray Council area relative to Regional SAMid Murray Council areaRegional SAMid Murray Council area relative to Regional SA2014 to 2018
House--------------
First Quartile$171,734$171,732+0.0%$192,001$181,275+5.9%-$20,267
Median$235,744$244,137-3.4%$241,929$240,704+0.5%-$6,185
Third Quartile$314,416$337,385-6.8%$307,889$318,912-3.5%+$6,527
Unit--------------
First Quartile$172,530$157,437+9.6%$173,180$165,614+4.6%-$650
Median$172,530$208,535-17.3%$173,180$206,508-16.1%-$650
Third Quartile$199,766$264,426-24.5%$173,180$260,154-33.4%+$26,586

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, 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
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, 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
Source: Hometrack 2014-2018, Housing Valuation System

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