Annual land valuations for 2019 released
Queenslanders in 18 of the state’s 62 local government areas have today awoken to new land valuations.
Queensland’s Valuer-General Neil Bray said over one million landowners across the state would today receive new land valuations, influenced by a number of different factors.
“In the past 12 months, the Queensland property market has generally improved in all the major urban centres in South East Queensland, as well as in farming areas in regional Queensland.” Mr Bray said.
Mr Bray said the improvement in land values is in contrast to the decline in sales volume over the same period.
“The volume of property lodgements recorded with the Registrar of Titles decreased over the first half of the 2018–19 financial year with an average of 2747 daily lodgements—down six per cent from the previous financial year.
“The continued growth in population through interstate migration, improving tourism numbers and low borrowing costs were still all positive contributors to the property sector in Queensland.
Mr Bray said residential values in the Greater Brisbane, South East Queensland and Cairns areas generally experienced minor to moderate growth, however there was decline in some urban centres in regional Queensland.
“Centres such as Chinchilla and Miles in the Western Downs region are still experiencing a reduction in values from the peak prices paid during the exploration stages of the coal seam gas industry,” Mr Bray said.
“There is generally an improved confidence surrounding the rural property market in Queensland although the majority of the State remains drought declared.
“Drivers in the rural sector are the continuing good commodity prices within the beef industry as well as the low interest environment.
“As a result, moderate increases in rural land values have occurred throughout the majority of the State with minor increases to lands in South East Queensland.
The 18 areas include Brisbane, Burdekin, Cairns, Etheridge, Gympie, Ipswich, Lockyer Valley, Logan, Longreach, Moreton Bay, Noosa, North Burnett, Redland, Somerset, South Burnett, Sunshine Coast, Weipa and Western Downs,” Mr Bray said.
Mr Bray said land valuations are used by councils as a guide to determine what to charge in rates, and for state land tax and state land rental amounts.
“These valuations will become effective 30 June, however I encourage landowners who believe they have additional or new evidence which may alter their new valuation to provide this information through the online objections process via www.qld.gov.au/landvaluation or at the address shown at the top of their valuation notice by 7 May 2019,” Mr Bray said.
“Landowners without internet access can get an objection kit that includes a step-by-step guide by phoning 1300 664 217.
“It is important to note that some areas of the state have not been re-valued in 2019 due to the market information indicating no major variation in land values since the previous valuation period. Local governments and key industry stakeholders were also consulted.”
“In areas where new valuations have not been issued, the most recent annual valuation will remain effective for rating, land tax and state land rental purposes until the next valuation is undertaken.
The new land valuation data for 2019 can be accessed online at www.qld.gov.au/landvaluation.
Queensland Globe gives landowners access to more detailed valuation information allowing users to search for a property or pan the map to areas of interest and zoom down to individual property level. Landowners can access the Queensland Globe year round on the Land Valuations website www.qld.gov.au/landvaluation.
Hard copies of the valuation list can be viewed at Department of Natural Resources, Mines and Energy business centres and local government offices during normal business hours until close of business on 4 June 2019.
For specific information on the 18 local government areas revalued in 2019, click on the links below.
|Moreton Bay||Noosa||North Burnett|
|Sunshine Coast||Weipa||Western Downs|
For further information contact Department of Natural Resources, Mines and Energy Media Services email@example.com
Last updated 6 March 2019