Tablelands Regional CouncilEconomic profile
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Tablelands

Housing valuation

At June 2017, Tablelands had a median house valuation of $319,586, $139,767 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
Tablelands20172013Change
Housing value (at June)TablelandsQueenslandTablelands relative to QueenslandTablelandsQueenslandTablelands relative to Queensland2013 to 2017
House--------------
First Quartile$260,671$318,187-18.1%$244,753$303,498-19.4%+$15,918
Median$319,586$459,353-30.4%$308,964$398,530-22.5%+$10,622
Third Quartile$423,847$632,943-33.0%$400,073$512,407-21.9%+$23,774
Unit--------------
First Quartile$204,493$273,293-25.2%$190,438$253,719-24.9%+$14,055
Median$219,090$353,056-37.9%$210,355$315,561-33.3%+$8,735
Third Quartile$251,485$443,936-43.4%$254,656$390,486-34.8%-$3,171

Source: Hometrack 2011-2016, 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, Tablelands: $251,485 Median, Tablelands: $219,090 First Quartile, Tablelands: $204,493 Third Quartile, Tablelands: $423,847 Median, Tablelands: $319,586 First Quartile, Tablelands: $260,671
Source: Hometrack 2011-2016, 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, Tablelands: $-3,171 Median, Tablelands: $8,735 First Quartile, Tablelands: $14,055 Third Quartile, Tablelands: $23,774 Median, Tablelands: $10,622 First Quartile, Tablelands: $15,918
Source: Hometrack 2011-2016, Housing Valuation System

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