Southern Downs Regional CouncilEconomic profile
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Southern Downs Regional Council

Housing valuation

At June 2018, Southern Downs Regional Council had a median house valuation of $276,717, $181,643 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
Southern Downs Regional Council20182014Change
Housing value (at June)Southern Downs Regional CouncilQueenslandSouthern Downs Regional Council relative to QueenslandSouthern Downs Regional CouncilQueenslandSouthern Downs Regional Council relative to Queensland2014 to 2018
House--------------
First Quartile$219,604$316,285-30.6%$224,791$316,236-28.9%-$5,187
Median$276,717$458,360-39.6%$273,336$418,290-34.7%+$3,381
Third Quartile$363,911$639,156-43.1%$347,294$543,256-36.1%+$16,617
Unit--------------
First Quartile$199,015$273,559-27.2%$222,559$262,692-15.3%-$23,544
Median$220,770$356,880-38.1%$242,289$328,583-26.3%-$21,519
Third Quartile$260,793$444,896-41.4%$267,023$408,410-34.6%-$6,230

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, Southern Downs Regional Council: $260,793 Median, Southern Downs Regional Council: $220,770 First Quartile, Southern Downs Regional Council: $199,015 Third Quartile, Southern Downs Regional Council: $363,911 Median, Southern Downs Regional Council: $276,717 First Quartile, Southern Downs Regional Council: $219,604
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, Southern Downs Regional Council: $-6,230 Median, Southern Downs Regional Council: $-21,519 First Quartile, Southern Downs Regional Council: $-23,544 Third Quartile, Southern Downs Regional Council: $16,617 Median, Southern Downs Regional Council: $3,381 First Quartile, Southern Downs Regional Council: $-5,187
Source: Hometrack 2014-2018, Housing Valuation System

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