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Queensland land values on the rise

  • Gasfields Commission
  • 06 Mar 2019
  • Posted 21 days ago

Queensland land values on the rise

The 2019 Property Market Movement Report was released this week and shows land values are on their way up.

Queensland’s Valuer-General Neil Bray said the report shows evidence of improved land values in the major urban areas in South East Queensland, and a number of farming areas across the state.

Most local governments have seen overall increases in total land values, including the Western Downs with a 6.8% increase.

Residential values in Longreach have decreased up to 45%, while rural land values in the area have increased by 1.3%.

The report also shows a decrease in property sales across the state for the first half of the 2018-19 period - an average of 2747 daily lodgements for the transfer of land which is a 6% decrease compared to the previous period.

Individual land valuations for this year will be available this week - check yours on the Department of Natural Resources and Mines website.

Read the full 2019 Property Market Movement Report here