Lockyer Valley sees increases in land values
Landowners across Lockyer Valley have today awoken to new land valuations after extensive land sales and economic analysis undertaken by the state’s valuation service
Queensland’s Valuer-General Neil Bray said the valuations reflected up to date and current land values and showed values in the Lockyer Valley Regional Council area had increased by as much as 15.1 per cent overall since the last valuation in 2016.
“Land values have generally increased since the last valuation, with some moderate increases in some market sectors and localities,” Mr Bray said.
“Residential values have risen in Gatton while commercial, industrial areas increased and the rural residential and primary production markets increased.
“Some areas like Hatton Vale saw significant increases in median values due to development quality, while the median value of residential land in Laidley has decreased slightly from $93,000 to $90,000.
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.
For a more detailed breakdown of the Lockyer Valley Regional Council valuations follow the link below. Hard copies of the valuation list for the Lockyer Valley Regional Council can also be viewed at the the Department of Natural Resources, Mines and Energy, Level 4, Icon Tower, 117 Brisbane Street, Ipswich during normal business hours until close of business on 4 June 2019.
- Improving demand for rural home sites with good access to adjoining urban areas resulted in a moderate increase and new median value of $141,000.
- The increase in commercial land value was driven by strong demand for new sites in Plainland and other sites along the Warrego Highway.
- The agricultural sector is an important driver of the local economy. Continued demand for land to satisfy contracts with large supermarkets resulted in a moderate overall increase in the rural sector.
- Demand for grazing land has been steady with minor increases to land value.
Valuations were last issued in the Lockyer Valley Regional Council local government area in 2016.
Table 1 below provides information on median values for residential land within the Lockyer Valley Regional Council area.
Table 1 – Median value of residential land*
|Residential localities||Previous median value as at 1/10/2015 ($)||New median value as at 1/10/2018 ($)||Change in median value (%)||Number of properties|
|Laidley Creek West||49,500||57,000||15.2||3|
|Ma Ma Creek||57,000||66,000||15.8||5|
|All residential localities||96,000||102,500||6.8||5610|
* Does not include land valued as multi-unit or rural residential
Rural residential land
Table 2 below provides information on the median value for rural residential land within the Lockyer Valley Regional Council area.
Table 2 – Median value of rural residential land*
|Previous median value as at 1/10/2015 ($)||New median value as at 1/10/2018 ($)||Change in median value (%)||Number of properties|
Other land uses
Table 3 below provides information on total land values for land uses other than residential and rural residential land within the Lockyer Valley Regional Council area.
Table 3 – Total land values of other land uses
|Land use category||Previous total land value as at 1/10/2015 ($)||New total land value as at 1/10/2018 ($)||Change in total land value (%)||Number of properties|
For further information contact Department of Natural Resources, Mines and Energy Media Services email@example.com
Last updated 6 March 2019