What Is The Spread In The Cost Of Housing?

Brisbane

The median dwelling value is recorded at $490,525 while the 10th percentile value is $302,177 and the 90th percentile is $826,860.  The 10th percentile value is -38.4% lower than the median while the 90th percentile is 68.6% higher than the median and 173.6% higher than the 10th percentile.

Housing markets are typically analysed by looking at the median which is the middle value.  By definition, the median provides an idea of what a typical property is either selling for or valued at, but it is often forgotten there are as many properties worth less than the median as there are worth more.  By looking at different valuation percentiles we can get a much better idea of the range of housing costs across a geography.

2017-11-27--valueof10percenile

The 10th percentile value represents the lower end of a housing market while the 90th percentile indicates the most expensive ten percent of properties.  Across the combined capital cities, the median dwelling values are $650,930 while the 10th percentile value is $350,723 and the 90th percentile value is $1,455,490.  The difference between the median and the 10th percentile value is -46.1% while the difference from the median to the 90th percentile is 123.6% which results in a range between the 10th and 90th percentile values of 315.0%.  Note that the broader this range the more diverse the cost of housing and the narrower the less diversity there is.

Let’s take a look at the capital cities.

2017-11-27--differencefrommedianvalue1090percentile

Sydney

The 10th percentile value is $563,459 which is -37.8% lower than the median of $905,917.  The 90th percentile value is 113.8% higher than the median and 243.7% higher than the 10th percentile value and is recorded at $1,936,633.

Melbourne

The 90th percentile dwelling value is $1,474,777 which is 107.6% greater than the median of $710,420.  At $437,519 the 10th percentile value is -38.4% lower than the median while the 90the percentile value is 237.1% higher.

Brisbane

The median dwelling value is recorded at $490,525 while the 10th percentile value is $302,177 and the 90th percentile is $826,860.  The 10th percentile value is -38.4% lower than the median while the 90th percentile is 68.6% higher than the median and 173.6% higher than the 10th percentile.

Adelaide

The 90th percentile dwelling value ($746,497) is 73.5% greater than the median ($430,303) and 180.9% greater than the 10th percentile value ($265,730).  The 10th percentile value is -38.2% lower than the median.

Perth

With a median of $462,624, the 90th percentile value at $852,021 is 84.2% higher than the median.  The 90th percentile value is 184.7% higher than the 10th percentile value which at $299,293 is -35.3% lower than the median value.

Hobart

The 10th percentile value for the city is $234,337 which is -40.9% lower than the median ($396,393) and the 90th percentile value ($662,519) is 182.7% higher than the 10th percentile and 67.1% higher than the median.

Darwin

Tt $640,087 the 90th percentile dwelling value is 46.2% higher than the median ($437,910) and 112.0% higher than the 10th percentile value ($301,889).  The 10th percentile value is -31.1% lower than the median value.

Canberra

The median dwelling value currently sits at $582,882 while the 10th percentile value is $381,100 and the 90th percentile value is $919,436.  The 90th percentile value is 57.7% higher than the median and 141.3% higher than the 10th percentile value while the 10th percentile value is -34.6% lower than the median.

Across the capital cities, the 90th percentile dwelling value in all capital cities except for Melbourne and Canberra is lower than Sydney’s median value highlighting that for the typical Sydney dwelling, purchasers could be buying premium property for a similar cost in most other capital cities.

2017-11-27--differencefrombetween1090percentileoctober2017

Another trend to note is that in all capital cities the difference between the median and 10th percentile value is much smaller than the gap between the median and the 90th percentile value.  This indicates that lower value housing stock tends to be closer to the median than the expensive housing stock which tends to be much further away from the median value.  It highlights that in most cities while there is extremely expensive housing, there is not necessarily the same supply of extremely affordable housing.

Overall it is interesting to look at the range of housing costs across the city as it reiterates that despite the focus on medians there is a wide variety of housing in different shapes, sizes and values across the capital cities.

Work hard in silence, let success be your noise

#North Lakes QLD 4509
#BUYER #REVIEW
Overall Satisfaction #FIVE #STARS
#Honesty and #transparency #Buyer #Review – Recommended by Saleem3763
24 November 2017Linda and Carlos are honest people. They #deliveredall their promises and their evaluation of the @market was #realistic and my #purchase was #smooth. The #property was #tenants prior to my purchase. Linda and Carlos are #managing the property for me and they were on top of all the maintenance and rental matters. I am privileged to have them looking after my #investment.

 

 

Our Expertise @ljgrealestate.com Is Your Peace Of Mind!  Property Management

& Sales! Spanish,Chinese Speaking.

Our reputation lays in high performance property sales, and we take great pride in our excellence in property and asset management as well as body corporate management.

We find individual solutions to fit our clients needs.  Being property specific rather than area specific because confining ourselves to one area simply wouldn’t be giving you what you need.L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Proudly serving Property Investors in Queensland.AT A GLANCE: WE OFFER:-

 

  • Property Management – BRISBANE WIDE
  • Sales of properties with tenants in place
  • Body Corporate Management
  • Competitive Commission Rates
  • LET FEE FOR REFERRALS, We are a business built on 20 years of Referrals.
  • NO Lease Renewal & Comparable Market Analysis’ Fees/Charges
  • PHOTOS TAKEN ON ENTRY, tenants are shown about safety switches and water mains etc.  OUR LEASE EMERGENCY CONTACT INFORMATION IS CARLOS DEBELLO 0413560808 SO AS TO AVOID UNNECESSARY CALL OUT FEES CHARGED BY TRADESPEOPLE.
  • We meet all tenants on site.
  • Hands on approach to all Property Investment Management Matters.

 

我们的专业@ ljgrealestate.com是你的和平心!物业管理

&销售!西班牙语,中文演讲。

我们的声誉在于高性能的物业销售,我们非常自豪在物业和资产管理以及机构企业管理的卓越。

我们找到适合我们客户需求的个性化解决方案。由于将自己限制在一个区域,因此将自己限制在一个区域不会给您所需.L J Gilland房地产是一家着名的精品代理公司,专门从事房地产投资管理服务和投资物业销售。诚挚地为昆士兰州的房地产投资者服务

 

 

https://www.ratemyagent.com.au/real-estate-agent/linda-debello/reviews/19-eaton-cl-north-lakes-aaj14y

Advertisements

About ljgrealestate 据联大

Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. http://goanimate.com/movie/0M4bvcZzgIbI?utm_source=linkshare&uid=0u6RGtWsmlVc Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085. http://www.ljgrealestate.com.au http://www.yellowpages.com.au/qld/aspley/lj-gilland-real-estate-pty-ltd-14091356-listing.html http://au.linkedin.com/in/lindajanedebello http://twitter.com/GillandDebello http://www.facebook.com/pages/ljgrealestate
This entry was posted in Australia, Brisbane, LJ Gilland Real Estate Pty Ltd, ljgrealestate, maintenance & roofing, Maintenance Renovating tips Construction Home Staging Property Sales Property Management Property Investor Builders Developers Rentals Sales Tenance and tagged , , , . Bookmark the permalink.