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Land Valuations Overview: Gympie Regional Council

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Land Valuations Overview: Gympie Regional Council Land valuations overview: Gympie Regional Council On 31 March 2021, the Valuer-General released land valuations for 24,844 properties with a total value of $4,077,275,390 in the Gympie Regional Council area. The valuations reflect land values at 1 October 2020 and show that Gympie Regional Council has increased by 12.4 per cent overall since the last valuation in 2019. Residential, rural residential and primary production values have generally increased overall. Land values have generally increased since the last valuation, with some increases specific to certain market sectors and localities. Inspect the land valuation display listing View the valuation display listing for Gympie Regional Council online at www.qld.gov.au/landvaluation or visit the Department of Resources, 27 O'Connell Street, Gympie. Detailed valuation data for Gympie Regional Council Valuations were last issued in the Gympie Regional Council area in 2019. Property land use by total new value Residential land Table 1 below provides information on median values for residential land within the Gympie Regional Council area. Table 1 - Median value of residential land Residential Previous New median Change in Number of localities median value value as at median value properties as at 01/10/2020 (%) 01/10/2018 ($) ($) Amamoor 75,000 90,000 20.0 85 Araluen 123,000 135,000 9.8 9 Brooloo 69,000 83,000 20.3 60 Cinnabar 5,000 8,800 76.0 8 Cooloola Cove 84,000 92,000 9.5 1,685 Dagun 71,000 85,000 19.7 9 Goomeri 31,500 31,500 0.0 256 Gunalda 53,000 74,000 39.6 78 Gympie 87,000 96,000 10.3 4,475 Imbil 85,000 104,000 22.4 249 Jones Hill 115,000 127,000 10.4 354 Kandanga 71,000 85,000 19.7 88 Kilkivan 44,500 49,000 10.1 191 Kinbombi 5,000 10,000 100.0 2 Monkland 76,000 84,000 10.5 475 Neerdie 43,000 52,000 20.9 31 Rainbow 225,000 260,000 15.6 787 Beach Southside 115,000 127,000 10.4 2,242 Tansey 17,500 17,500 0.0 10 Theebine 35,000 38,500 10.0 11 Tin Can Bay 123,000 141,000 14.6 1,165 Traveston 51,000 61,000 19.6 13 Victory Heights 78,000 86,000 10.3 129 Woolooga 21,000 23,000 9.5 31 All residential 95,000 106,000 11.6 12,443 localities Explanatory Notes: Residential land values have generally experienced minor increases throughout the Gympie Regional Council area. The median value of residential land overall has increased from $95,000 to $106,000. Almost all localities within Gympie Regional Council reflected increases in median values due to increased demand for vacant land. The exceptions were the western localities of Goomeri and Tansey, which experienced no change in median values. Gympie Regional Council 2 Rural residential land Table 2 below provides information on median values for rural residential land within the Gympie Regional Council area. Table 2 - Median value of rural residential land Land Use Previous median New median Change in Number of value as at value as at median value properties 01/10/2018 01/10/2020 (%) ($) ($) Rural residential 139,000 160,000 15.1 9,612 Explanatory Notes: Rural residential land values have generally increased moderately over the two year period since the last valuation was undertaken. Strong demand has been driven by purchasers seeking residential lifestyle properties within proximity to Gympie and coastal townships. Other land uses Table 3 below provides information on total land uses other than residential and rural residential land within the Gympie Regional Council area. Table 3 - Total land values of other land uses Land use Previous total New total land Change in total Number of category land value as value as at land value (%) properties at 01/10/2018 01/10/2020 ($) ($) Multi-Unit 37,797,000 41,509,500 9.8 103 Residential Commercial 163,241,200 164,439,300 0.7 738 Industrial 45,556,800 46,096,000 1.2 195 Primary 583,659,100 672,041,200 15.1 1,705 Production Other 20,097,200 22,281,200 10.9 48 Explanatory Notes: • Multi-unit residential land values generally experienced minor increases in line with local residential values within Gympie and coastal townships. • Commercial and industrial land values within Gympie remained unchanged with minor to moderate increases experienced within some western townships. • Values for grazing and agricultural lands in the Gympie Regional Council have experienced moderate increases with positive market conditions reflecting current low interest rates and strong rural commodity prices. Gympie Regional Council 3 .
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