The Hills Shire CouncilEconomic profile
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The Hills Shire

Housing valuation

At June 2018, The Hills Shire had a median house valuation of $2,658,396, $1,604,452 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
The Hills Shire20182014Change
Housing value (at June)The Hills ShireGreater SydneyThe Hills Shire relative to Greater SydneyThe Hills ShireGreater SydneyThe Hills Shire relative to Greater Sydney2014 to 2018
House--------------
First Quartile$2,345,678$758,088+209.4%$1,615,811$502,103+221.8%+$729,867
Median$2,658,396$1,053,944+152.2%$1,801,487$724,796+148.6%+$856,909
Third Quartile$3,167,386$1,566,389+102.2%$2,101,003$1,038,842+102.2%+$1,066,383
Unit--------------
First Quartile$1,377,101$600,774+129.2%$1,046,807$436,949+139.6%+$330,294
Median$1,542,936$752,913+104.9%$1,172,096$566,726+106.8%+$370,840
Third Quartile$1,722,142$962,415+78.9%$1,294,415$705,485+83.5%+$427,727

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, The Hills Shire: $1,722,142 Median, The Hills Shire: $1,542,936 First Quartile, The Hills Shire: $1,377,101 Third Quartile, The Hills Shire: $3,167,386 Median, The Hills Shire: $2,658,396 First Quartile, The Hills Shire: $2,345,678
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, The Hills Shire: $427,727 Median, The Hills Shire: $370,840 First Quartile, The Hills Shire: $330,294 Third Quartile, The Hills Shire: $1,066,383 Median, The Hills Shire: $856,909 First Quartile, The Hills Shire: $729,867
Source: Hometrack 2014-2018, Housing Valuation System

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