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Central Highlands Regional Council

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Central Highlands Regional Council Land valuations overview: Central Highlands Regional Council On 31 March 2021, the Valuer-General released land valuations for 12,373 properties with a total value of $4,377,890,518 in the Central Highlands Regional Council area. The valuations reflect land values at 1 October 2020 and show that Central Highlands Regional Council has increased by 70.9 per cent overall since the last valuation in 2018. Rural values have generally increased significantly overall. Non rural valuations have increased slightly overall. The movement of land values varied across the Central Highlands Regional Council area. Inspect the land valuation display listing View the valuation display listing for Central Highlands Regional Council online at www.qld.gov.au/landvaluation or visit the Department of Resources, 99 Hospital Road, Emerald. Detailed valuation data for Central Highlands Regional Council Valuations were last issued in the Central Highlands Regional Council area in 2018. Property land use by total new value Residential land Table 1 below provides information on median values for residential land within the Central Highlands Regional Council area. Table 1 - Median value of residential land Residential Previous New median Change in Number of localities median value value as at median value properties as at 01/10/2020 (%) 01/10/2017 ($) ($) Anakie Siding 15,400 15,400 0.0 36 Bauhinia 3,100 3,100 0.0 16 Blackwater 12,000 12,000 0.0 2,116 Bluff 6,700 6,700 0.0 167 Capella 23,000 23,000 0.0 282 Comet 28,000 28,000 0.0 33 Dingo 7,850 7,850 0.0 58 Duaringa 11,000 11,000 0.0 98 Emerald 74,000 74,000 0.0 4,219 Gindie 53,000 53,000 0.0 5 Rolleston 30,500 30,500 0.0 53 Rubyvale 15,800 15,800 0.0 260 Sapphire 19,800 19,800 0.0 225 Central Springsure 50,000 50,000 0.0 346 Tieri 15,000 15,000 0.0 525 Willows 1,500 1,500 0.0 92 All residential 58,000 58,000 0.0 8,533 localities Explanatory Notes: Residential land values have generally remained stable. Rural residential land Table 2 below provides information on median values for rural residential land within the Central Highlands Regional Council area. Table 2 - Median value of rural residential land Land Use Previous New median Change in Number of median value value as at median value properties as at 01/10/2020 (%) 01/10/2017 ($) ($) Rural 125,000 136,000 8.8 1,292 residential Central Highlands Regional Council 2 Explanatory Notes: Rural residential lands have seen a minor increase in value over the three years since the last valuation was undertaken. Other land uses Table 3 below provides information on total land uses other than residential and rural residential land within the Central Highlands Regional Council area. Table 3 - Total land values of other land uses Land use Previous total New total land Change in total Number of category land value as value as at land value (%) properties at 01/10/2017 01/10/2020 ($) ($) Multi-Unit 25,030,700 25,030,700 0.0 247 Residential Commercial 77,069,200 76,954,200 -0.1 380 Industrial 78,411,570 84,047,570 7.2 467 Primary 1,794,067,900 3,585,532,143 99.8 1,321 Production Other 16,971,840 20,309,435 19.7 133 Explanatory Notes: • Multi-unit residential land values in the Central Highlands Regional generally remained steady with values remaining the same. • Industrial land values in Central Highlands Regional generally had a minor increase in values. • Commercial land values in the Central Highlands Regional generally remained steady. • Rural land values in the Central Highlands Regional have continued to grow on the back of landowners’ confidence in the rural sector. • Strong stock and commodity prices, limited supply of rural properties offered to the market and strong demand despite drought conditions, all contributed to significant increases particularly in the pastoral zones of Central and South West Queensland. • The increase in rural property values is despite ongoing drought declarations in many parts of the State. Central Highlands Regional Council 3 .
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