Annual land valuations issued for Capricorn Coast
Landowners in the Rockhampton and Livingstone local government areas on the Capricorn Coast have today awoken to new land valuations.
Valuer-General Neil Bray, who is tasked with issuing land valuations to assist in the determination of council rates, state land tax, and rentals for leasehold land, said approximately 50,000 properties across two local government areas were issued with new land valuations.
"These valuations reflect land values on 1 October 2019 and show Rockhampton Regional Council and Livingstone Shire Council have had overall reductions of 5.3 per cent and 2.4 per cent respectively since the last valuations in 2017," Mr Bray said.
"In Rockhampton, residential values have had moderate to significant reductions, while some have held steady.
"Residential values in Livingstone have seen some slight to moderate increases and some minor to moderate decreases across a variety of urban localities within the shire.
"Commercial and industrial land has for the most part seen minor to moderate decreases in value."
- The residential markets in Rockhampton have been experiencing limited demand for some years now, this has translated into small reductions in value.
- Gracemere is one exception where residential values have had a small increase.
- The variations in changes which have occurred across Livingstone and Rockhampton could indicate that the market may have reached the bottom of the real estate cycle.
- Continued strength in beef commodity prices and low interest rates has resulted in increases in value for grazing lands in rural Queensland. Both Rockhampton and Livingstone have had minor increases to rural land values.
Mr Bray said landowners who believed their valuation was incorrect, and could provide supporting information, should lodge their objection online or at the address shown at the top of their valuation notice by 5 May 2020.
“Landowners without internet access can get an objection kit that includes a step-by-step guide by phoning 1300 664 217,” he said.
“It is important to note that some areas of the state have not been re-valued in 2020 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.”
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 listing 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 2 June 2020.
For specific information on the Rockhampton and Livingstone government areas revalued in 2020, click on the links below.
For further information contact Department of Natural Resources, Mines and Energy Media Services email@example.com
Last updated 4 March 2020