Land valuations rise in Flinders
Strength in beef commodity prices as well as a low interest rate environment, are key factors that have been identified in the rise of Flinders Shire land values as the 2020 annual land valuations were released today.
Valuer-General Neil Bray said the valuations reflected land values on 1 October 2019 and showed Flinders Shire had increased by 33.1 per cent overall since the last valuation in 2014.
"Land values have generally increased since the last valuation, with some decreases in some market sectors and localities," Mr Bray said.
"Residential values have had moderate reductions in Hughenden, while industrial land has seen a moderate increase in value.
"The rural markets have seen significant increases in value since the last valuation was undertaken.
"Some localities such as Hughenden reflected moderate decreases in median values due to reduced demand for vacant land, with the median value of residential land in Hughenden decreasing from $11,500 to $8,600."
- Rural land values have continued to grow on the back of land owners’ expectations that conditions in agriculture have and will continue to improve.
- Continued strength in beef commodity prices and low interest rates has resulted in increases in value for grazing lands in rural Queensland.
- North Queensland-Gulf grazing properties are considered to be value for money and demand exists from family enterprises looking to expand; purchases seeking grass and fodder; and corporate purchasers who now see these properties as agribusiness investments.
- Demand is increasing for low cost breeding country to facilitate herd build up and turnoff options for adult cattle. When compared to prices paid in other parts of the State, the Northern Downs, Desert Uplands and Gulf grazing lands are being increasingly seen as an attractive proposition.
Landowners who believe their valuation was incorrect and can provide supporting information, can lodge their objection online or at the address shown at the top of their valuation notice by 5 May 2020.
For a more detailed breakdown of the Flinders Shire valuations follow the link below. The valuation listing for Flinders can also be viewed at the Flinders Shire Council office, 34 Gray Street, Hughenden during normal business hours until close of business on 2 June 2020.
Valuations were last issued in the Flinders Shire Council local government area in 2014.
Table 1 below provides information on median values for residential land within the Flinders Shire Council area.
Table 1 – Median value of residential land*
|Residential localities||Previous median value as at 1/10/2013 ($)||New median value as at 1/10/2019 ($)||Change in median value (%)||Number of properties|
|All residential localities||11,500||8500||-26.1||599|
* Does not include land valued as multi-unit or rural residential
Rural residential land
Table 2 below provides information on the median value for rural residential land within the Flinders Shire Council area.
Table 2 – Median value of rural residential land*
|Land Use||Previous median value as at 1/10/2013 ($)||New median value as at 1/10/2019 ($)||Change in median value (%)||Number of properties|
Other land uses
Table 3 below provides information on total land values for land uses other than residential and rural residential land within the Flinders Shire Council area.
Table 3 – Total land values of other land uses
|Land use category||Previous total land value as at 1/10/2013 ($)||New total land value as at 1/10/2019 ($)||Change in total land value (%)||Number of properties|
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Last updated 4 March 2020