Rural land valuations rise in Winton
Strength in beef and wool commodity prices as well as a low interest rate environment, are key factors that have been identified in the rise of Winton 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 Winton Shire had increased by 52.1 per cent overall since the last valuation in 2014.
"The increases since the last valuation have been generally in the rural lands, with all urban values remaining static," he said.
"The rural markets have increased significantly in value over the six year period since the previous land annual valuation was undertaken, despite the recent drought and rain event impacts.
"The median value of residential land in Winton remains static at $15,000."
- Rural land values have continued to grow on the back of land owners’ expectations that conditions in agriculture have and will continue to improve, despite the recent prolonged drought conditions.
- In February 2019, areas of the shire were subject to the fringe of the significant rain event that caused major flooding to northern local government areas. The impact in Winton was less severe and whilst there were some stock losses, the event was generally beneficial.
- Continued strength in beef and wool commodity prices and low interest rates has resulted in increases in value for grazing lands in rural Queensland.
- North Western grazing properties are considered to be value for money and demand exists from established grazing family enterprises looking to expand as well as purchases seeking grass and fodder.
- Demand is increasing for low cost breeding country to facilitate herd build up and turnoff options for adult cattle. When compared with prices paid in other parts of the state, the north western Mitchell Grass Downs, and residual and channels grazing lands are being increasingly seen as an affordable option.
Landowners who believe their valuation was incorrect and can provide supporting information, can lodge their objection online or at the address shown at the top of their valuation notice by 5 May 2020.
For a more detailed breakdown of the Winton Shire valuations follow the link below. The valuation listing for Winton can also be viewed at the Winton Shire Council office, 75 Vindex St, Winton during normal business hours until close of business on 2 June 2020.
Valuations were last issued in the Winton Shire Council local government area in 2014.
Table 1 below provides information on median values for residential land within the Winton Shire Council area.
Table 1 – Median value of residential land*
|Residential localities||Previous median value as at 1/10/2013 ($)||New median value as at 1/10/2019 ($)||Change in median value (%)||Number of properties|
|All residential localities||15,000||15,000||0.0||451|
* Does not include land valued as multi-unit or rural residential
Rural residential land
Table 2 below provides information on the median value for rural residential land within the Winton Shire Council area.
Table 2 – Median value of rural residential land*
|Land Use||Previous median value as at 1/10/2013 ($)||New median value as at 1/10/2019 ($)||Change in median value (%)||Number of properties|
Other land uses
Table 3 below provides information on total land values for land uses other than residential and rural residential land within the Winton Shire Council area.
Table 3 – Total land values of other land uses
|Land use category||Previous total land value as at 1/10/2013 ($)||New total land value as at 1/10/2019 ($)||Change in total land value (%)||Number of properties|
Last updated 4 March 2020