Noosa sees increases in land values
Landowners across Noosa 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 Noosa Shire Council area had increased by as much as 6.4 per cent overall since its last valuation in 2018.
“Residential land values rose in most coastal and hinterland centres, while some industrial areas increased and the rural residential and rural markets also increased - reflecting the continued demand for hinterland properties,” Mr Bray said.
“Some localities along the prime coastal strip from Peregian Beach to Noosa Heads have had a minor rise in value, with new residential median land values ranging from $335,000 at Marcus Beach to $560,000 at Sunshine Beach.
“The median land value in Noosa has had a minor increase to $290,000 reflecting the continuing demand for the ‘Queensland coastal lifestyle’ property on the Sunshine Coast.
“The waterfront areas of Noosaville, Tewantin and Boreen Point have had minor increases with the median land value in Noosaville now at $375,000.
“The hinterland towns have also experienced minor increases with median values of $200,000 in Pomona and $250,000 in Cooroy.”
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 believed 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 Noosa Shire Council valuations follow the link below. Hard copies of the valuation list for the Noosa Shire Council can also be viewed at the the Noosa Shire Council Office, Customer Service Counter, 9 Pelican Street, Tewantin during normal business hours until close of business on 4 June 2019.
- The rural residential median land value has had a slight increase to $212,500 with most rural residential property values increasing slightly, except for Doonan where values had a minor increase reflecting local market evidence.
- Multi-unit land values have risen for smaller lots within Noosa largely underpinned by increasing residential land values.
- Industrial land values increased in Noosaville resulting in a minor overall change across the local government area. Commercial land values have had a slight increase overall with most values unchanged in the urban centres.
- Farming land values have had a minor increase overall in line with rural residential land trends.
Valuations were last issued in the Noosa Shire Council local government area in 2018.
Table 1 below provides information on median values for residential land within the Noosa Shire Council area.
Table 1 – Median value of residential land*
|Residential localities||Previous median value as at 1/10/2017 ($)||New median value as at 1/10/2018 ($)||Change in median value (%)||Number of properties|
|Noosa North Shore||302,500||302,500||0.0||170|
|All residential localities||270,000||290,000||7.4||14,959|
* Does not include land valued as multi-unit or rural residential
Rural residential land
Table 2 below provides information on the median value for rural residential land within the Noosa Shire Council area.
Table 2 – Median value of rural residential land*
|Land Use||Previous median value as at 1/10/2017 ($)||New median value as at 1/10/2018 ($)||Change in median value (%)||Number of properties|
Other land uses
Table 3 below provides information on total land values for land uses other than residential and rural residential land within the Noosa Shire Council area.
Table 3 – Total land values of other land uses
|Land use category||Previous total land value as at 1/10/2017($)||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