Scenic Rim Regional CouncilEconomic profile
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Scenic Rim Regional Council

Housing valuation

At June 2018, Scenic Rim Regional Council had a median house valuation of $463,016, $4,656 higher 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
Scenic Rim Regional Council20182014Change
Housing value (at June)Scenic Rim Regional CouncilQueenslandScenic Rim Regional Council relative to QueenslandScenic Rim Regional CouncilQueenslandScenic Rim Regional Council relative to Queensland2014 to 2018
House--------------
First Quartile$352,188$316,285+11.4%$328,135$316,236+3.8%+$24,053
Median$463,016$458,360+1.0%$415,722$418,290-0.6%+$47,294
Third Quartile$609,134$639,156-4.7%$539,916$543,256-0.6%+$69,218
Unit--------------
First Quartile$177,019$273,559-35.3%$153,649$262,692-41.5%+$23,370
Median$209,838$356,880-41.2%$164,822$328,583-49.8%+$45,016
Third Quartile$328,420$444,896-26.2%$281,311$408,410-31.1%+$47,109

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, Scenic Rim Regional Council: $328,420 Median, Scenic Rim Regional Council: $209,838 First Quartile, Scenic Rim Regional Council: $177,019 Third Quartile, Scenic Rim Regional Council: $609,134 Median, Scenic Rim Regional Council: $463,016 First Quartile, Scenic Rim Regional Council: $352,188
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, Scenic Rim Regional Council: $47,109 Median, Scenic Rim Regional Council: $45,016 First Quartile, Scenic Rim Regional Council: $23,370 Third Quartile, Scenic Rim Regional Council: $69,218 Median, Scenic Rim Regional Council: $47,294 First Quartile, Scenic Rim Regional Council: $24,053
Source: Hometrack 2014-2018, Housing Valuation System

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