Sutherland Shire CouncilEconomic profile
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Sutherland Shire

Housing valuation

At June 2017, Sutherland Shire had a median house valuation of $1,286,007, $575,001 higher than the median house valuation for New South Wales.

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
Sutherland Shire20172013Change
Housing value (at June)Sutherland ShireNew South WalesSutherland Shire relative to New South WalesSutherland ShireNew South WalesSutherland Shire relative to New South Wales2013 to 2017
House--------------
First Quartile$1,113,666$459,213+142.5%$643,792$331,720+94.1%+$469,874
Median$1,286,007$711,006+80.9%$735,835$457,239+60.9%+$550,172
Third Quartile$1,544,112$1,184,666+30.3%$874,532$701,375+24.7%+$669,580
Unit--------------
First Quartile$653,358$461,371+41.6%$414,434$305,938+35.5%+$238,924
Median$770,302$671,543+14.7%$473,852$430,178+10.2%+$296,450
Third Quartile$945,485$903,371+4.7%$573,040$570,847+0.4%+$372,445

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, New South Wales: $903,371 Median, New South Wales: $671,543 First Quartile, New South Wales: $461,371 Third Quartile, New South Wales: $1,184,666 Median, New South Wales: $711,006 First Quartile, New South Wales: $459,213 Third Quartile, Sutherland Shire: $945,485 Median, Sutherland Shire: $770,302 First Quartile, Sutherland Shire: $653,358 Third Quartile, Sutherland Shire: $1,544,112 Median, Sutherland Shire: $1,286,007 First Quartile, Sutherland Shire: $1,113,666
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, New South Wales: $332,524 Median, New South Wales: $241,365 First Quartile, New South Wales: $155,433 Third Quartile, New South Wales: $483,291 Median, New South Wales: $253,767 First Quartile, New South Wales: $127,493 Third Quartile, Sutherland Shire: $372,445 Median, Sutherland Shire: $296,450 First Quartile, Sutherland Shire: $238,924 Third Quartile, Sutherland Shire: $669,580 Median, Sutherland Shire: $550,172 First Quartile, Sutherland Shire: $469,874
Source: Hometrack 2011-2016, Housing Valuation System

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