2021 Land Valuations Overview Tablelands

Land valuations overview: Tablelands Regional Council On 31 March 2021, the Valuer-General released land valuations for 12,607 properties with a total value of $2,629,587,800 in the Tablelands Regional Council area. The valuations reflect land values at 1 October 2020 and show that the Tablelands region has increased by 19.4 per cent overall since the last valuation in 2017. Urban land values have generally had minor increases and rural values have seen some significant increases. The movement of land values varied across the Tablelands Regional Council area. Inspect the land valuation display listing View the valuation display listing for Tablelands Regional Council online at www.qld.gov.au/landvaluation or visit the Department of Resources, 25 Mabel Street, Atherton. Detailed valuation data for Tablelands Regional Council Valuations were last issued in the Tablelands Regional Council area in 2017. Property land use by total new value Residential land Table 1 below provides information on median values for residential land within the Tablelands Regional Council area. Table 1 - Median value of residential land Residential Previous New median Change in Number of localities median value value as at median value properties as at 01/10/2020 (%) 01/10/2016 ($) ($) Atherton 99,000 104,000 5.0 2,608 Barrine 540,000 570,000 5.6 71 Butchers 37,500 39,500 5.3 2 Creek Carrington 121,000 127,000 5.0 9 East Barron 520,000 550,000 5.8 7 Glen Allyn 43,000 45,000 4.7 3 Herberton 50,000 53,000 6.0 321 Innot Hot 28,500 26,000 -8.8 28 Springs Kairi 83,000 83,000 0.0 86 Kalunga 69,000 72,000 4.3 1 Kureen 77,000 81,000 5.2 1 Lake Tinaroo 380,000 380,000 0.0 2 Malanda 79,000 87,000 10.1 416 Millaa Millaa 50,000 50,000 0.0 165 Moomin 58,000 61,000 5.2 57 Mount Garnet 17,000 17,000 0.0 131 Peeramon 84,000 84,000 0.0 61 Ravenshoe 43,000 45,000 4.7 386 Tarzali 43,500 43,500 0.0 32 Tinaroo 230,000 230,000 0.0 117 Tolga 98,000 103,000 5.1 462 Tumoulin 30,000 31,500 5.0 16 Upper Barron 70,500 77,500 9.9 20 Walkamin 84,000 84,000 0.0 84 Wondecla 50,000 53,000 6.0 11 Wongabel 81,000 85,000 4.9 4 Yungaburra 125,000 150,000 20.0 620 All residential 97,000 102,000 5.2 5,721 localities Explanatory Notes: Residential land values have generally had minor increases. The median value of residential land in Atherton had a minor increase from $99,000 to $104,000 and Yungaburra had a moderate median increase from $125,000 to $150,000. Tablelands Regional Council Other localities such as Tolga, Malanda, Herberton and Ravenshoe reflected minor increases in median values due to increased demand for vacant land. Rural residential land Table 2 below provides information on median values for rural residential land within the Tablelands Regional Council area. Table 2 - Median value of rural residential land Land Use Previous New median Change in Number of median value value as at median value properties as at 01/10/2020 (%) 01/10/2016 ($) ($) Rural 152,500 160,000 4.9 4,904 residential Explanatory Notes: Rural residential land values have generally increased slightly over the four year period since the last valuation was undertaken. Other land uses Table 3 below provides information on total land uses other than residential and rural residential land within the Tablelands Regional Council area. Table 3 - Total land values of other land uses Land use Previous total New total land Change in total Number of category land value as value as at land value (%) properties at 01/10/2016 01/10/2020 ($) ($) Multi-Unit 23,568,000 25,488,500 8.2 108 Residential Commercial 70,757,200 75,335,300 6.5 326 Industrial 40,748,200 46,092,700 13.1 244 Primary 632,560,000 960,993,500 51.9 1,225 Production Other 20,085,500 21,645,200 7.8 79 Explanatory Notes: Multi-unit residential land values in Tablelands had an overall minor increase of 8.2 per cent and generally followed movements with residential lands within the respective townships and communities. Industrial land values in Tablelands generally had minor to moderate increases. Commercial land values in Tablelands generally increased by slight to minor levels, particularly in the township of Atherton. Tablelands Regional Council Rural land values in Tablelands have continued to grow, within both the arable and grazing sectors. Demand continues for premium quality agricultural lands. These levels have set the benchmark for secondary quality lands to fill the continued demand for well drained, red basalt soils that are frost tolerant. Strong livestock and commodity prices, limited supply of rural properties offered to the market, and strong demand all contributed to significant increases in the pastoral market. The increase in rural property values is despite ongoing drought declarations in many parts of the State. Tablelands Regional Council .

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