Southern Downs Regional CouncilEconomic profile
Skip to content

Southern Downs Regional Council

Housing valuation

At June 2017, Southern Downs Regional Council had a median house valuation of $259,651, $199,702 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
Southern Downs Regional Council20172013Change
Housing value (at June)Southern Downs Regional CouncilQueenslandSouthern Downs Regional Council relative to QueenslandSouthern Downs Regional CouncilQueenslandSouthern Downs Regional Council relative to Queensland2013 to 2017
House--------------
First Quartile$205,510$318,187-35.4%$215,676$303,498-28.9%-$10,166
Median$259,651$459,353-43.5%$260,004$398,530-34.8%-$353
Third Quartile$340,651$632,943-46.2%$331,961$512,407-35.2%+$8,690
Unit--------------
First Quartile$199,175$273,293-27.1%$206,260$253,719-18.7%-$7,085
Median$228,825$353,056-35.2%$220,980$315,561-30.0%+$7,845
Third Quartile$254,923$443,936-42.6%$231,314$390,486-40.8%+$23,609

Source: Hometrack 2013-2017, 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, Southern Downs Regional Council: $254,923 Median, Southern Downs Regional Council: $228,825 First Quartile, Southern Downs Regional Council: $199,175 Third Quartile, Southern Downs Regional Council: $340,651 Median, Southern Downs Regional Council: $259,651 First Quartile, Southern Downs Regional Council: $205,510
Source: Hometrack 2013-2017, 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, Southern Downs Regional Council: $23,609 Median, Southern Downs Regional Council: $7,845 First Quartile, Southern Downs Regional Council: $-7,085 Third Quartile, Southern Downs Regional Council: $8,690 Median, Southern Downs Regional Council: $-353 First Quartile, Southern Downs Regional Council: $-10,166
Source: Hometrack 2013-2017, Housing Valuation System

To continue building your economic story go to...

v19.05.15-1.0.0