VALUE OF DWELLINGS
In the 2002-03 Survey of Income and Housing, owners were asked to estimate the value of their dwelling. These estimates may differ significantly from valuations made by accredited valuers and from an achievable sale price of the dwelling. The extent of the possible difference has not been measured. Therefore some care needs to be exercised in the use of these data.
The median owner-estimated value of dwellings for capital cities was $300,000, 20% higher than the national median ($250,000). The median value was highest in Sydney at $431,000 and lowest in Hobart at $151,000 (table 8.17).
8.17 CAPITAL CITY OWNER HOUSEHOLDS, Value of dwelling(a) by dwelling structure - 2002-03
|
 | Sydney | Melbourne | Brisbane | Adelaide | Perth | Hobart | Canberra | Capital city owner households(b) | Total owner households |
|
MEDIAN ESTIMATED VALUE OF DWELLING ($’000) |
|
| Separate house | 450.0 | 290.0 | 240.0 | 185.0 | 235.0 | 160.0 | 290.0 | 300.0 | 250.0 |
Semi-detached/row or terrace
house/townhouse | 425.0 | 320.0 | 230.0 | 162.0 | 170.0 | 90.0 | 220.0 | 300.0 | 270.0 |
| Flat/unit/apartment | 340.0 | 250.0 | 250.0 | 140.0 | n.p. | n.p. | n.p. | 285.0 | 275.0 |
| Total(c) | 430.0 | 290.0 | 240.0 | 185.0 | 220.0 | 150.0 | 280.0 | 300.0 | 250.0 |
|
NUMBER (’000) |
|
| Households | 1,025.8 | 995.8 | 428.2 | 321.4 | 412.7 | 58.8 | 84.8 | 3,357.2 | 5,305.4 |
|
(a) As reported by owners.
(b) Includes households in the NT, for which data are not available separately due to high sampling error.
(c) Includes other dwelling structure.
Source: ABS data available on request, Survey of Income and Housing, 2002-03. |
Print Page