Douglas Shire sees increase in land valuations
Valuer-General Neil Bray said the valuations reflected land values on 1 October 2017 and showed Douglas Shire area’s land values had increased by 10.8 per cent overall since the last valuation in 2016.
“Land values have generally increased since the last valuation, with some minor increases in some market sectors and localities,” he said.
“Residential values have risen in Port Douglas while commercial and industrial lands increased and the rural residential and primary production markets also increasing.
“Some localities such as Mossman reflected minor increases in median values due to increased demand with the median value of residential land in Mossman rising from $100,000 to $110,000.”
- The local tourism industry continues to lead the recovery with improvements in the market evident from the 2016 period and the rural residential market generally has experienced a minor increase in values north to the Daintree River, with a stabilisation of values north of the river.
- Values with the multi-unit market has generally mirrored the residential markets in the respective communities.
- The arable and intensive grazing market is resilient on the back of continued high commodity prices for beef and strong sugar fundamentals.
- Despite a drop in the sugar price and an increase in the Australian dollar the demand for sugar cane land is still evident, with the market still supporting moderate increases in land values.
For a more detailed breakdown of the Douglas Shire valuations follow the link below. The State Valuation list for the Douglas Shire can also be viewed at the Douglas Shire Council Chambers, 64-66 Front Street, Mossman during normal business hours until close of business on 5 June 2018.
Valuations were last issued in the Douglas Shire Council local government area in 2016.
Table 1 below provides information on median values for residential land within the Douglas Shire Council area.
Table 1 – Median value of residential land*
|Residential localities||Previous median value as at 01/10/2015 ($)||New median value as at 1/10/2017 ($)||Change in median value (%)||Number of properties|
|All Residential Localities||125,000||140,000||12.0||2950|
* Does not include land valued as multi-unit or rural residential
Rural residential land
Table 2 below provides information on the median value for rural residential land within the Douglas Shire Council area.
Table 2 – Median value of rural residential land*
|Land Use||Previous median value as at 01/10/2015 ($)||New median value as at 1/10/2017 ($)||Change in median value (%)||Number of properties|
Other land uses
Table 3 below provides information on total land values for land uses other than residential and rural residential land within the Douglas Shire Council area.
Table 3 – Total land values of other land uses
|Land use category||Previous total land value as at 01/10/2015 ($)||New total land value as at 1/10/2017 ($)||Change in total land value (%)||Number of properties|
Last updated 1 January 2003