Rockhampton Regional CouncilEconomic profile
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Rockhampton Regional Council area

Housing valuation

At June 2018, Rockhampton Regional Council area had a median house valuation of $268,457, $189,903 lower than the median house valuation for Queensland.

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
Rockhampton Regional Council area20182014Change
Housing value (at June)Rockhampton Regional Council areaQueenslandRockhampton Regional Council area relative to QueenslandRockhampton Regional Council areaQueenslandRockhampton Regional Council area relative to Queensland2014 to 2018
House--------------
First Quartile$212,906$316,285-32.7%$251,495$316,236-20.5%-$38,589
Median$268,457$458,360-41.4%$304,847$418,290-27.1%-$36,390
Third Quartile$333,651$639,156-47.8%$367,232$543,256-32.4%-$33,581
Unit--------------
First Quartile$187,398$273,559-31.5%$226,839$262,692-13.6%-$39,441
Median$232,176$356,880-34.9%$263,168$328,583-19.9%-$30,992
Third Quartile$288,565$444,896-35.1%$311,715$408,410-23.7%-$23,150

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Queensland: $444,896 Median, Queensland: $356,880 First Quartile, Queensland: $273,559 Third Quartile, Queensland: $639,156 Median, Queensland: $458,360 First Quartile, Queensland: $316,285 Third Quartile, Rockhampton Regional Council area: $288,565 Median, Rockhampton Regional Council area: $232,176 First Quartile, Rockhampton Regional Council area: $187,398 Third Quartile, Rockhampton Regional Council area: $333,651 Median, Rockhampton Regional Council area: $268,457 First Quartile, Rockhampton Regional Council area: $212,906
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Queensland: $36,486 Median, Queensland: $28,297 First Quartile, Queensland: $10,867 Third Quartile, Queensland: $95,900 Median, Queensland: $40,070 First Quartile, Queensland: $49 Third Quartile, Rockhampton Regional Council area: $-23,150 Median, Rockhampton Regional Council area: $-30,992 First Quartile, Rockhampton Regional Council area: $-39,441 Third Quartile, Rockhampton Regional Council area: $-33,581 Median, Rockhampton Regional Council area: $-36,390 First Quartile, Rockhampton Regional Council area: $-38,589
Source: Hometrack 2014-2018, Housing Valuation System

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