The Hills Shire CouncilEconomic profile
Skip to content

The Hills Shire

Housing valuation

At June 2017, The Hills Shire had a median house valuation of $1,353,715, $814,584 higher than the median house valuation for Australia.

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
The Hills Shire20172013Change
Housing value (at June)The Hills ShireAustraliaThe Hills Shire relative to AustraliaThe Hills ShireAustraliaThe Hills Shire relative to Australia2013 to 2017
House--------------
First Quartile$1,174,562$361,701+224.7%$653,979$315,842+107.1%+$520,583
Median$1,353,715$539,131+151.1%$736,534$423,334+74.0%+$617,181
Third Quartile$1,643,495$817,312+101.1%$872,068$595,021+46.6%+$771,427
Unit--------------
First Quartile$735,344$332,218+121.3%$481,493$280,075+71.9%+$253,851
Median$825,588$467,012+76.8%$521,210$369,876+40.9%+$304,378
Third Quartile$890,499$690,082+29.0%$556,997$498,262+11.8%+$333,502

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Australia: $690,082 Median, Australia: $467,012 First Quartile, Australia: $332,218 Third Quartile, Australia: $817,312 Median, Australia: $539,131 First Quartile, Australia: $361,701 Third Quartile, The Hills Shire: $890,499 Median, The Hills Shire: $825,588 First Quartile, The Hills Shire: $735,344 Third Quartile, The Hills Shire: $1,643,495 Median, The Hills Shire: $1,353,715 First Quartile, The Hills Shire: $1,174,562
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, Australia: $191,820 Median, Australia: $97,136 First Quartile, Australia: $52,143 Third Quartile, Australia: $222,291 Median, Australia: $115,797 First Quartile, Australia: $45,859 Third Quartile, The Hills Shire: $333,502 Median, The Hills Shire: $304,378 First Quartile, The Hills Shire: $253,851 Third Quartile, The Hills Shire: $771,427 Median, The Hills Shire: $617,181 First Quartile, The Hills Shire: $520,583
Source: Hometrack 2011-2016, Housing Valuation System

To continue building your economic story go to...

v18.09.24-1.0.0