City of RockinghamEconomic profile
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City of Rockingham

Housing valuation

At June 2017, City of Rockingham had a median house valuation of $403,130, $113,161 lower than the median house valuation for Greater Perth.

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 2013-2017, Housing Valuation System

Housing values
City of Rockingham20172013Change
Housing value (at June)City of RockinghamGreater PerthCity of Rockingham relative to Greater PerthCity of RockinghamGreater PerthCity of Rockingham relative to Greater Perth2013 to 2017
House--------------
First Quartile$346,577$407,134-14.9%$352,389$417,169-15.5%-$5,812
Median$403,130$516,291-21.9%$409,528$526,786-22.3%-$6,398
Third Quartile$459,979$693,608-33.7%$468,950$700,058-33.0%-$8,971
Unit--------------
First Quartile$249,925$306,321-18.4%$259,688$326,428-20.4%-$9,763
Median$279,431$379,904-26.4%$275,314$403,098-31.7%+$4,117
Third Quartile$330,715$473,402-30.1%$339,911$508,863-33.2%-$9,196

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Greater Perth: $473,402 Median, Greater Perth: $379,904 First Quartile, Greater Perth: $306,321 Third Quartile, Greater Perth: $693,608 Median, Greater Perth: $516,291 First Quartile, Greater Perth: $407,134 Third Quartile, City of Rockingham: $330,715 Median, City of Rockingham: $279,431 First Quartile, City of Rockingham: $249,925 Third Quartile, City of Rockingham: $459,979 Median, City of Rockingham: $403,130 First Quartile, City of Rockingham: $346,577
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, Greater Perth: $-35,461 Median, Greater Perth: $-23,194 First Quartile, Greater Perth: $-20,107 Third Quartile, Greater Perth: $-6,450 Median, Greater Perth: $-10,495 First Quartile, Greater Perth: $-10,035 Third Quartile, City of Rockingham: $-9,196 Median, City of Rockingham: $4,117 First Quartile, City of Rockingham: $-9,763 Third Quartile, City of Rockingham: $-8,971 Median, City of Rockingham: $-6,398 First Quartile, City of Rockingham: $-5,812
Source: Hometrack 2011-2016, Housing Valuation System

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