Woollahra Municipal CouncilEconomic profile
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Woollahra Municipal Council area

Housing valuation

At June 2017, Woollahra Municipal Council area had a median house valuation of $3,608,789, $2,897,783 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
Woollahra Municipal Council area20172013Change
Housing value (at June)Woollahra Municipal Council areaNew South WalesWoollahra Municipal Council area relative to New South WalesWoollahra Municipal Council areaNew South WalesWoollahra Municipal Council area relative to New South Wales2013 to 2017
House--------------
First Quartile$2,485,566$459,213+441.3%$1,418,046$331,720+327.5%+$1,067,520
Median$3,608,789$711,006+407.6%$2,021,709$457,239+342.2%+$1,587,080
Third Quartile$5,324,826$1,184,666+349.5%$3,080,164$701,375+339.2%+$2,244,662
Unit--------------
First Quartile$1,016,645$461,371+120.4%$616,566$305,938+101.5%+$400,079
Median$1,332,546$671,543+98.4%$765,118$430,178+77.9%+$567,428
Third Quartile$2,016,324$903,371+123.2%$1,136,258$570,847+99.0%+$880,066

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, Woollahra Municipal Council area: $2,016,324 Median, Woollahra Municipal Council area: $1,332,546 First Quartile, Woollahra Municipal Council area: $1,016,645 Third Quartile, Woollahra Municipal Council area: $5,324,826 Median, Woollahra Municipal Council area: $3,608,789 First Quartile, Woollahra Municipal Council area: $2,485,566
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, Woollahra Municipal Council area: $880,066 Median, Woollahra Municipal Council area: $567,428 First Quartile, Woollahra Municipal Council area: $400,079 Third Quartile, Woollahra Municipal Council area: $2,244,662 Median, Woollahra Municipal Council area: $1,587,080 First Quartile, Woollahra Municipal Council area: $1,067,520
Source: Hometrack 2011-2016, Housing Valuation System

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