Waverley Local Government Area (LGA)Economic profile
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Waverley Council area

Housing valuation

At June 2018, Waverley Council area had a median house valuation of $2,821,429, $2,080,985 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 2014-2018, Housing Valuation System

Housing values
Waverley Council area20182014Change
Housing value (at June)Waverley Council areaNew South WalesWaverley Council area relative to New South WalesWaverley Council areaNew South WalesWaverley Council area relative to New South Wales2014 to 2018
House--------------
First Quartile$2,376,317$498,085+377.1%$1,508,944$361,802+317.1%+$867,373
Median$2,821,429$740,444+281.0%$1,785,936$508,933+250.9%+$1,035,493
Third Quartile$3,531,189$1,171,986+201.3%$2,240,412$799,290+180.3%+$1,290,777
Unit--------------
First Quartile$987,136$485,261+103.4%$680,432$343,269+98.2%+$306,704
Median$1,172,107$676,368+73.3%$773,977$496,521+55.9%+$398,130
Third Quartile$1,380,526$890,202+55.1%$895,550$659,154+35.9%+$484,976

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, New South Wales: $890,202 Median, New South Wales: $676,368 First Quartile, New South Wales: $485,261 Third Quartile, New South Wales: $1,171,986 Median, New South Wales: $740,444 First Quartile, New South Wales: $498,085 Third Quartile, Waverley Council area: $1,380,526 Median, Waverley Council area: $1,172,107 First Quartile, Waverley Council area: $987,136 Third Quartile, Waverley Council area: $3,531,189 Median, Waverley Council area: $2,821,429 First Quartile, Waverley Council area: $2,376,317
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, New South Wales: $231,048 Median, New South Wales: $179,847 First Quartile, New South Wales: $141,992 Third Quartile, New South Wales: $372,696 Median, New South Wales: $231,511 First Quartile, New South Wales: $136,283 Third Quartile, Waverley Council area: $484,976 Median, Waverley Council area: $398,130 First Quartile, Waverley Council area: $306,704 Third Quartile, Waverley Council area: $1,290,777 Median, Waverley Council area: $1,035,493 First Quartile, Waverley Council area: $867,373
Source: Hometrack 2014-2018, Housing Valuation System

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