Tablelands Regional CouncilEconomic profile
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Tablelands

Housing valuation

At June 2017, Tablelands had a median house valuation of $319,586, $56,740 lower than the median house valuation for Regional QLD.

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)TablelandsRegional QLDTablelands relative to Regional QLDTablelandsRegional QLDTablelands relative to Regional QLD2013 to 2017
House--------------
First Quartile$260,671$264,936-1.6%$244,753$278,445-12.1%+$15,918
Median$319,586$376,326-15.1%$308,964$368,796-16.2%+$10,622
Third Quartile$423,847$545,825-22.3%$400,073$469,385-14.8%+$23,774
Unit--------------
First Quartile$204,493$242,232-15.6%$190,438$234,615-18.8%+$14,055
Median$219,090$334,669-34.5%$210,355$289,904-27.4%+$8,735
Third Quartile$251,485$445,242-43.5%$254,656$366,289-30.5%-$3,171

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Regional QLD: $445,242 Median, Regional QLD: $334,669 First Quartile, Regional QLD: $242,232 Third Quartile, Regional QLD: $545,825 Median, Regional QLD: $376,326 First Quartile, Regional QLD: $264,936 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, Regional QLD: $78,953 Median, Regional QLD: $44,765 First Quartile, Regional QLD: $7,617 Third Quartile, Regional QLD: $76,440 Median, Regional QLD: $7,530 First Quartile, Regional QLD: $-13,509 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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