Wollondilly Shire CouncilEconomic profile
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Wollondilly Shire

Housing valuation

At June 2017, Wollondilly Shire had a median house valuation of $790,916, $79,910 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
Wollondilly Shire20172013Change
Housing value (at June)Wollondilly ShireNew South WalesWollondilly Shire relative to New South WalesWollondilly ShireNew South WalesWollondilly Shire relative to New South Wales2013 to 2017
House--------------
First Quartile$619,371$459,213+34.9%$376,151$331,720+13.4%+$243,220
Median$790,916$711,006+11.2%$487,608$457,239+6.6%+$303,308
Third Quartile$1,094,522$1,184,666-7.6%$673,756$701,375-3.9%+$420,766
Unit--------------
First Quartile$328,427$461,371-28.8%$267,304$305,938-12.6%+$61,123
Median$416,683$671,543-38.0%$280,543$430,178-34.8%+$136,140
Third Quartile$590,132$903,371-34.7%$298,427$570,847-47.7%+$291,705

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, Wollondilly Shire: $590,132 Median, Wollondilly Shire: $416,683 First Quartile, Wollondilly Shire: $328,427 Third Quartile, Wollondilly Shire: $1,094,522 Median, Wollondilly Shire: $790,916 First Quartile, Wollondilly Shire: $619,371
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, New South Wales: $332,524 Median, New South Wales: $241,365 First Quartile, New South Wales: $155,433 Third Quartile, New South Wales: $483,291 Median, New South Wales: $253,767 First Quartile, New South Wales: $127,493 Third Quartile, Wollondilly Shire: $291,705 Median, Wollondilly Shire: $136,140 First Quartile, Wollondilly Shire: $61,123 Third Quartile, Wollondilly Shire: $420,766 Median, Wollondilly Shire: $303,308 First Quartile, Wollondilly Shire: $243,220
Source: Hometrack 2011-2016, Housing Valuation System

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