The Hills Shire CouncilEconomic profile
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The Hills Shire

Housing valuation

At June 2017, The Hills Shire had a median house valuation of $1,353,715, $642,709 higher than the median house valuation for New South Wales.

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 Shire20172014Change
Housing value (at June)The Hills ShireNew South WalesThe Hills Shire relative to New South WalesThe Hills ShireNew South WalesThe Hills Shire relative to New South Wales2014 to 2017
House--------------
First Quartile$1,174,562$459,213+155.8%$779,566$361,802+115.5%+$394,996
Median$1,353,715$711,006+90.4%$877,138$508,933+72.3%+$476,577
Third Quartile$1,643,495$1,184,666+38.7%$1,039,923$799,290+30.1%+$603,572
Unit--------------
First Quartile$735,344$461,371+59.4%$553,281$343,269+61.2%+$182,063
Median$825,588$671,543+22.9%$612,519$496,521+23.4%+$213,069
Third Quartile$890,499$903,371-1.4%$658,365$659,154-0.1%+$232,134

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, New South Wales: $903,371 Median, New South Wales: $671,543 First Quartile, New South Wales: $461,371 Third Quartile, New South Wales: $1,184,666 Median, New South Wales: $711,006 First Quartile, New South Wales: $459,213 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, 2014 to 2017
Change in housing values, 2014 to 2017 Third Quartile, New South Wales: $244,217 Median, New South Wales: $175,022 First Quartile, New South Wales: $118,102 Third Quartile, New South Wales: $385,376 Median, New South Wales: $202,073 First Quartile, New South Wales: $97,411 Third Quartile, The Hills Shire: $232,134 Median, The Hills Shire: $213,069 First Quartile, The Hills Shire: $182,063 Third Quartile, The Hills Shire: $603,572 Median, The Hills Shire: $476,577 First Quartile, The Hills Shire: $394,996
Source: Hometrack 2011-2016, Housing Valuation System

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