RDA Murraylands and RiverlandEconomic profile
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Rural City of Murray Bridge

Housing valuation

At June 2018, Rural City of Murray Bridge had a median house valuation of $240,925, $3,212 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
Rural City of Murray Bridge20182014Change
Housing value (at June)Rural City of Murray BridgeRegional SARural City of Murray Bridge relative to Regional SARural City of Murray BridgeRegional SARural City of Murray Bridge relative to Regional SA2014 to 2018
House--------------
First Quartile$204,020$171,732+18.8%$206,648$181,275+14.0%-$2,628
Median$240,925$244,137-1.3%$240,807$240,704+0.0%+$118
Third Quartile$298,120$337,385-11.6%$286,126$318,912-10.3%+$11,994
Unit--------------
First Quartile$162,084$157,437+3.0%$149,853$165,614-9.5%+$12,231
Median$184,819$208,535-11.4%$160,519$206,508-22.3%+$24,300
Third Quartile$205,189$264,426-22.4%$173,339$260,154-33.4%+$31,850

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, Rural City of Murray Bridge: $205,189 Median, Rural City of Murray Bridge: $184,819 First Quartile, Rural City of Murray Bridge: $162,084 Third Quartile, Rural City of Murray Bridge: $298,120 Median, Rural City of Murray Bridge: $240,925 First Quartile, Rural City of Murray Bridge: $204,020
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, Rural City of Murray Bridge: $31,850 Median, Rural City of Murray Bridge: $24,300 First Quartile, Rural City of Murray Bridge: $12,231 Third Quartile, Rural City of Murray Bridge: $11,994 Median, Rural City of Murray Bridge: $118 First Quartile, Rural City of Murray Bridge: $-2,628
Source: Hometrack 2014-2018, Housing Valuation System

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