Scenic Rim Regional CouncilEconomic profile
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Scenic Rim Regional Council

Housing valuation

At June 2017, Scenic Rim Regional Council had a median house valuation of $445,225, $14,128 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 2013-2017, Housing Valuation System

Housing values
Scenic Rim Regional Council20172013Change
Housing value (at June)Scenic Rim Regional CouncilQueenslandScenic Rim Regional Council relative to QueenslandScenic Rim Regional CouncilQueenslandScenic Rim Regional Council relative to Queensland2013 to 2017
House--------------
First Quartile$338,778$318,187+6.5%$310,609$303,498+2.3%+$28,169
Median$445,225$459,353-3.1%$392,416$398,530-1.5%+$52,809
Third Quartile$576,673$632,943-8.9%$509,489$512,407-0.6%+$67,184
Unit--------------
First Quartile$170,054$273,293-37.8%$119,387$253,719-52.9%+$50,667
Median$208,562$353,056-40.9%$153,471$315,561-51.4%+$55,091
Third Quartile$283,153$443,936-36.2%$187,468$390,486-52.0%+$95,685

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Queensland: $443,936 Median, Queensland: $353,056 First Quartile, Queensland: $273,293 Third Quartile, Queensland: $632,943 Median, Queensland: $459,353 First Quartile, Queensland: $318,187 Third Quartile, Scenic Rim Regional Council: $283,153 Median, Scenic Rim Regional Council: $208,562 First Quartile, Scenic Rim Regional Council: $170,054 Third Quartile, Scenic Rim Regional Council: $576,673 Median, Scenic Rim Regional Council: $445,225 First Quartile, Scenic Rim Regional Council: $338,778
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, Queensland: $53,450 Median, Queensland: $37,495 First Quartile, Queensland: $19,574 Third Quartile, Queensland: $120,536 Median, Queensland: $60,823 First Quartile, Queensland: $14,689 Third Quartile, Scenic Rim Regional Council: $95,685 Median, Scenic Rim Regional Council: $55,091 First Quartile, Scenic Rim Regional Council: $50,667 Third Quartile, Scenic Rim Regional Council: $67,184 Median, Scenic Rim Regional Council: $52,809 First Quartile, Scenic Rim Regional Council: $28,169
Source: Hometrack 2011-2016, Housing Valuation System

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