2021 Land Valuations Overview Somerset
Land valuations overview: Somerset Regional Council On 31 March 2021, the Valuer-General released land valuations for 11,673 properties with a total value of $2,583,857,400 in the Somerset Regional Council area. The valuations reflect land values at 1 October 2020 and show that the Somerset region has increased by 13.1 per cent overall since the last valuation in 2019. Rural values have generally increased overall. Land values have generally increased since the last valuation, with some static values in some market sectors and localities. The movement of land values varied across the region. Inspect the land valuation display listing View the valuation display listing for Somerset Regional Council online at www.qld.gov.au/landvaluation or visit the Department of Resources, Level 4, 117 Brisbane Street, Ipswich; Lowood Customer Service Centre, 1 Michel Street, Lowood; and Kilcoy Customer Service Centre, 15 Kennedy Street, Kilcoy. Detailed valuation data for Somerset Shire Council Valuations were last issued in the Somerset Regional Council area in 2019. Property land use by total new value Residential land Table 1 below provides information on median values for residential land within the Somerset Regional Council area. Table 1 - Median value of residential land Residential Previous New median Change in Number of localities median value value as at median value properties as at 01/10/2020 (%) 01/10/2018 ($) ($) Atkinsons Dam 59,000 62,000 5.1 1 Biarra 35,000 38,500 10.0 11 Brightview 61,750 64,750 4.9 2 Buaraba 245,000 270,000 10.2 2 Clarendon
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