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2021 Land Valuations Overview Toowoomba

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2021 Land Valuations Overview Toowoomba Land valuations overview: Toowoomba Regional Council On 31 March 2021, the Valuer-General released land valuations for 68,057 properties with a total value of $17,571,682,149 in the Toowoomba Regional Council area. The valuations reflect land values at 1 October 2020 and show that the Toowoomba region has increased by 7.8 per cent overall since the last valuation in 2018. Rural land values have generally increased moderately, except for north and south of Toowoomba City where there have been significant increases, due to the strength in beef commodity prices as well as a low interest rate environment. Generally, within the urban areas of Toowoomba there has been no significant changes since the last revaluation in 2018. There have been slight increases within most areas of the residential areas of Toowoomba City. All other towns are stable, with no change. The fringe commercial area of Toowoomba City CBD has increased moderately, and minor increases in the suburban commercial areas of Toowoomba City. Industrial and multi-unit no change. Inspect the land valuation display listing View the valuation display listing for Toowoomba Regional Council online at www.qld.gov.au/landvaluation or visit the Department of Resources, 203 Tor Street, Toowoomba. Detailed valuation data for Toowoomba Regional Council Valuations were last issued in the Toowoomba Regional Council area in 2018. Property land use by total new value Residential land Table 1 below provides information on median values for residential land within the Toowoomba Regional Council area. Table 1 - Median value of residential land Residential Previous New median Change in Number of localities median value value as at median value properties as at 01/10/2020 (%) 01/10/2017 ($) ($) Acland 37,250 37,250 0.0 12 Aubigny 60,500 60,500 0.0 16 Biddeston 28,500 28,500 0.0 14 Blue Mountain 230,000 242,500 5.4 364 Heights Bongeen 13,000 13,000 0.0 3 Bowenville 26,000 26,000 0.0 30 Branchview 4,400 3,200 -27.3 1 Brookstead 25,500 25,500 0.0 47 Brymaroo 11,000 13,800 25.4 9 Cabarlah 195,000 235,000 20.5 76 Cambooya 113,000 109,000 -3.5 703 Captains 17,000 17,000 0.0 1 Mountain Cawdor 217,500 240,000 10.3 116 Cecil Plains 36,000 36,000 0.0 120 Centenary 220,000 230,000 4.5 2,325 Heights Clifton 59,000 59,000 0.0 564 Cooyar 19,400 19,400 0.0 74 Cotswold Hills 165,000 147,000 -10.9 216 Cranley 152,750 152,750 0.0 328 Crows Nest 77,000 81,000 5.2 752 Cutella 103,000 103,000 0.0 1 Darling Heights 172,500 180,000 4.3 1,452 Devon Park 53,000 66,000 24.5 3 Doctor Creek 12,200 15,200 24.6 1 Drayton 141,000 148,000 5.0 437 East 68,000 68,000 0.0 20 Greenmount East 285,000 300,000 5.3 1,813 Toowoomba Evergreen 30,500 38,000 24.6 3 Felton 60,000 66,000 10.0 1 Finnie 157,500 197,500 25.4 8 Gilla 5,000 5,000 0.0 1 Glencoe 110,000 121,000 10.0 53 Glenvale 175,000 175,000 0.0 1,975 Goombungee 67,000 67,000 0.0 362 Gowrie 172,500 175,000 1.4 688 Junction Toowoomba Regional Council Gowrie Little 42,250 42,250 0.0 2 Plain Greenmount 59,000 59,000 0.0 233 Greenwood 34,000 34,000 0.0 3 Haden 47,000 47,000 0.0 49 Hampton 114,000 120,000 5.3 52 Harlaxton 167,500 175,000 4.5 996 Harristown 180,000 190,000 5.6 2,922 Highfields 237,500 237,500 0.0 3,028 Highgrove 26,000 32,500 25.0 1 Highland 87,000 109,350 25.7 2 Plains Hodgson Vale 247,500 260,000 5.0 346 Jondaryan 40,500 40,500 0.0 96 Kearneys 192,500 200,000 3.9 2,735 Spring Kilbirnie 157,500 197,500 25.4 9 Kingsthorpe 105,000 105,000 0.0 743 Kleinton 187,500 187,500 0.0 661 Kooralgin 10,600 10,600 0.0 1 Kulpi 24,500 24,500 0.0 46 Lilyvale 127,000 127,000 0.0 1 Linthorpe 267,500 335,000 25.2 2 Maclagan 21,500 22,500 4.7 30 Malling 7,700 9,700 26.0 8 Meringandan 146,000 146,000 0.0 113 Meringandan 162,500 162,500 0.0 829 West Middle Ridge 247,500 260,000 5.0 2,669 Millmerran 57,000 57,000 0.0 535 Mount Darry 12,800 16,000 25.0 2 Mount Kynoch 150,000 157,500 5.0 67 Mount Lofty 285,000 305,000 7.0 1,510 Mount Rascal 292,500 307,500 5.1 118 Mount Tyson 41,000 41,000 0.0 52 Muldu 18,000 18,000 0.0 5 Nangwee 7,500 7,500 0.0 1 Newtown 170,000 172,500 1.5 3,510 Nobby 57,000 57,000 0.0 154 North 177,500 187,500 5.6 1,256 Toowoomba Norwin 12,200 10,000 -18.0 1 Oakey 95,000 95,000 0.0 1,622 Pampas 15,700 15,700 0.0 4 Pechey 80,000 84,000 5.0 23 Peranga 21,500 21,500 0.0 33 Pittsworth 128,000 128,000 0.0 1,145 Preston 275,000 290,000 5.5 63 Prince Henry 315,000 360,000 14.3 235 Heights Quinalow 20,500 23,000 12.2 39 Toowoomba Regional Council Rangeville 270,000 285,000 5.6 3,244 Redwood 510,000 590,000 15.7 81 Rockville 160,000 162,500 1.6 1,189 Rosalie Plains 23,500 23,500 0.0 16 South 205,000 215,000 4.9 1,931 Toowoomba Southbrook 67,000 67,000 0.0 130 Spring Creek 21,000 21,000 0.0 1 Toowoomba 172,500 172,500 0.0 597 City Top Camp 230,000 242,500 5.4 283 Torrington 175,000 157,500 -10.0 76 Tummaville 8,000 8,000 0.0 1 Turallin 17,000 17,000 0.0 1 Vale View 252,500 270,000 6.9 98 West Haldon 250,000 315,000 26.0 1 Westbrook 207,500 207,500 0.0 1,259 Wilsonton 167,500 167,500 0.0 2,114 Wilsonton 165,000 165,000 0.0 1,099 Heights Woolmer 190,000 190,000 0.0 1 Wyreema 152,500 152,500 0.0 708 Yarraman 39,500 39,500 0.0 549 All residential 185,000 190,000 2.7 51,920 localities Explanatory Notes: Residential land values within Toowoomba City have generally increased slightly, with the exceptions of southern and western fringe suburbs such as Torrington and Cotswold Hills which experience minor decreases, and the escarpment areas such as Prince Henry Heights which experienced minor increases. Generally, no change in the small towns throughout Toowoomba region. Rural residential land Table 2 below provides information on median values for rural residential land within the Toowoomba Regional Council area. Table 2 - Median value of rural residential land Land Use Previous New median Change in Number of median value value as at median value properties as at 01/10/2020 (%) 01/10/2017 ($) ($) Rural 197,500 207,500 5.1 7,553 residential Toowoomba Regional Council Explanatory Notes: Generally, moderate increases in the localities of Haldon, Pilton, western and southern fringes of Toowoomba City, Westbrook, Wellcamp, Oakey, Southbrook, Rosalie and Pittsworth. Generally, minor increases in the localities of Hodgson Vale, Top Camp, Vale View, Glencoe, Highfields and Cambooya. Other land uses Table 3 below provides information on total land uses other than residential and rural residential land within the Toowoomba Regional Council area. Table 3 - Total land values of other land uses Land use Previous total New total land Change in total Number of category land value as value as at land value (%) properties at 01/10/2017 01/10/2020 ($) ($) Multi-Unit 553,021,500 553,272,500 0.1 1,181 Residential Commercial 845,611,280 926,534,980 9.6 1,587 Industrial 797,559,100 798,530,100 0.1 1,405 Primary 2,261,249,400 2,905,815,800 28.5 4,242 Production Other 170,915,979 175,114,709 2.5 169 Explanatory Notes: Multi-unit residential and industrial land values in Toowoomba region have generally remained unchanged. The only change that has occurred in the commercial lands, is in the fringe areas of Toowoomba City central business district where there have been moderate and minor increases within suburban commercial locations. Generally moderate increases throughout all rural properties, except for significant increases south of Toowoomba City, and north of Toowoomba City to Yarraman. Continued strong beef and commodity prices, confidence in the rural sector and historically low interest rates have resulted in increases in value for grazing and broad- acre lands in rural Queensland. The increase in property values is despite ongoing drought declarations in many parts of the State. Toowoomba Regional Council .
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