Logan sees increases in land values
Landowners across Logan 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 Logan City Council area had increased by as much as 11.6 per cent overall since the last valuation in 2017.
“Residential values have risen in most major residential suburbs, commercial and industrial areas increased,” Mr Bray said.
“Rural residential and primary production markets increased, and some areas like Woodridge and Kingston reflected large increases in median values due to demand for affordable land with the median value of residential land in Kingston increasing from $165,000 to $220,000.
Mr Bray said land valuations are used by councils as a guide to determine what to charge in rates, 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 Logan City Council valuations follow the link below. Hard copies of the valuation list for the Logan City Council can also be viewed at the the Logan City Council, Administration Centre, 150 Wembley Road, Logan Central during normal business hours until close of business on 4 June 2019.
- Larger rural residential lands reflected the similar affordability trend where land with a current value less than $250,000 typically showed greater a increase than those currently above $250,000.
- In the commercial land sector, demand for service station sites resulted in substantial increases in land value for most service station sites in Logan City.
- Demand for quality industrial land with good access and/or exposure to major arterial roads has increased, resulting in a minor overall change in value. Land in secondary industrial markets typically showed greater than average increases.
- Multi-unit residential land values increased slightly overall, with varied movements depending on location and site specific attributes.
Valuations were last issued in the Logan City Council local government area in 2017.
Table 1 below provides information on median values for residential land within the Logan City Council area.
Table 1 – Median value of residential land*
|Residential localities||Previous median value as at 1/10/2016 ($)||New median value as at 1/10/2018 ($)||Change in median value (%)||Number of properties|
|Mount Warren Park||212,500||230,000||8.2||1769|
|Park Ridge South||190,000||210,000||10.5||3|
|All residential localities||215,000||235,000||9.3||78,164|
* Does not include land valued as multi-unit or rural residential
Rural residential land
Table 2 below provides information on the median value for rural residential land within the Logan City Council area.
Table 2 – Median value of rural residential land*
|Land Use||Previous median value as at 1/10/2016 ($)||New median value as at 1/10/2018 ($)||Change in median value (%)||Number of properties|
Other land uses
Table 3 below provides information on total land values for land uses other than .residential and rural residential land within the Logan City Council area.
Table 3 – Total land values of other land uses
|Land use category||Previous total land value as at 1/10/2016 ($)||New total land value as at 1/10/2018 ($)||Change in total land value (%)||Number of properties|
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Last updated 6 March 2019