City of StonningtonEconomic profile
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City of Stonnington

Housing valuation

At June 2018, City of Stonnington had a median house valuation of $2,014,764, $1,344,703 higher than the median house valuation for Victoria.

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
City of Stonnington20182014Change
Housing value (at June)City of StonningtonVictoriaCity of Stonnington relative to VictoriaCity of StonningtonVictoriaCity of Stonnington relative to Victoria2014 to 2018
House--------------
First Quartile$1,547,148$461,586+235.2%$1,051,351$339,363+209.8%+$495,797
Median$2,014,764$670,061+200.7%$1,352,552$451,630+199.5%+$662,212
Third Quartile$2,919,080$1,001,613+191.4%$1,930,186$675,298+185.8%+$988,894
Unit--------------
First Quartile$484,413$412,486+17.4%$458,026$315,318+45.3%+$26,387
Median$589,006$526,184+11.9%$542,648$423,673+28.1%+$46,358
Third Quartile$761,740$662,536+15.0%$674,169$543,876+24.0%+$87,571

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Victoria: $662,536 Median, Victoria: $526,184 First Quartile, Victoria: $412,486 Third Quartile, Victoria: $1,001,613 Median, Victoria: $670,061 First Quartile, Victoria: $461,586 Third Quartile, City of Stonnington: $761,740 Median, City of Stonnington: $589,006 First Quartile, City of Stonnington: $484,413 Third Quartile, City of Stonnington: $2,919,080 Median, City of Stonnington: $2,014,764 First Quartile, City of Stonnington: $1,547,148
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Victoria: $118,660 Median, Victoria: $102,511 First Quartile, Victoria: $97,168 Third Quartile, Victoria: $326,315 Median, Victoria: $218,431 First Quartile, Victoria: $122,223 Third Quartile, City of Stonnington: $87,571 Median, City of Stonnington: $46,358 First Quartile, City of Stonnington: $26,387 Third Quartile, City of Stonnington: $988,894 Median, City of Stonnington: $662,212 First Quartile, City of Stonnington: $495,797
Source: Hometrack 2014-2018, Housing Valuation System

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