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Woollahra Municipal Council area

Housing valuation

At June 2018, Woollahra Municipal Council area had a median house valuation of $3,874,799, $2,820,855 higher than the median house valuation for Greater Sydney.

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
Woollahra Municipal Council area20182014Change
Housing value (at June)Woollahra Municipal Council areaGreater SydneyWoollahra Municipal Council area relative to Greater SydneyWoollahra Municipal Council areaGreater SydneyWoollahra Municipal Council area relative to Greater Sydney2014 to 2018
House--------------
First Quartile$2,537,158$758,088+234.7%$1,614,071$502,103+221.5%+$923,087
Median$3,874,799$1,053,944+267.6%$2,333,133$724,796+221.9%+$1,541,666
Third Quartile$5,789,710$1,566,389+269.6%$3,475,325$1,038,842+234.5%+$2,314,385
Unit--------------
First Quartile$1,023,236$600,774+70.3%$721,646$436,949+65.2%+$301,590
Median$1,332,502$752,913+77.0%$891,701$566,726+57.3%+$440,801
Third Quartile$2,018,504$962,415+109.7%$1,298,721$705,485+84.1%+$719,783

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Greater Sydney: $962,415 Median, Greater Sydney: $752,913 First Quartile, Greater Sydney: $600,774 Third Quartile, Greater Sydney: $1,566,389 Median, Greater Sydney: $1,053,944 First Quartile, Greater Sydney: $758,088 Third Quartile, Woollahra Municipal Council area: $2,018,504 Median, Woollahra Municipal Council area: $1,332,502 First Quartile, Woollahra Municipal Council area: $1,023,236 Third Quartile, Woollahra Municipal Council area: $5,789,710 Median, Woollahra Municipal Council area: $3,874,799 First Quartile, Woollahra Municipal Council area: $2,537,158
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Greater Sydney: $256,930 Median, Greater Sydney: $186,187 First Quartile, Greater Sydney: $163,825 Third Quartile, Greater Sydney: $527,547 Median, Greater Sydney: $329,148 First Quartile, Greater Sydney: $255,985 Third Quartile, Woollahra Municipal Council area: $719,783 Median, Woollahra Municipal Council area: $440,801 First Quartile, Woollahra Municipal Council area: $301,590 Third Quartile, Woollahra Municipal Council area: $2,314,385 Median, Woollahra Municipal Council area: $1,541,666 First Quartile, Woollahra Municipal Council area: $923,087
Source: Hometrack 2014-2018, Housing Valuation System

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