Annual land valuations for 2017 released
8 March 2017
Valuer-General Neil Bray said approximately 1.19 million landowners in 28 of Queensland’s 62 rateable local governments were issued with new land valuations in accordance with the Land Valuation Act 2010.
“The valuations will take effect for local government rating, state land tax and state land rental purposes on 30 June 2017,” he said.
“The 28 local government areas are Balonne, Barcaldine, Blackall-Tambo, Brisbane, Bundaberg, Carpentaria, Cassowary Coast, Central Highlands, Croydon, Gladstone, Gold Coast, Goondiwindi, Gympie, Ipswich, Livingstone, Logan, Mackay, Maranoa, Mareeba, Moreton Bay, North Burnett, Rockhampton, Somerset, Southern Downs, Tablelands, Townsville, Western Downs and Whitsunday.
“These local government areas represent approximately 73 per cent of all properties in Queensland.”
Mr Bray said that, in the past 12 months, the Queensland property market had generally improved in the major urban centres in south-east Queensland as well as the farming areas in regional Queensland.
“Generally, across Queensland, regional urban centres were either static or in decline while, in contrast, major centres in Brisbane and south-east Queensland continued to improve,” he said.
“The current state of the resources sector has continued to impact on land values with decreases in centres such as Mackay, Blackwater, Gladstone, Roma and Miles.”
Mr Bray said residential values in the Moreton Bay, Ipswich and Logan areas experienced minor to moderate growth reflecting the demand for well-located and affordable land in the greater Brisbane area.
“There is generally an improved confidence surrounding the rural property market in Queensland although the majority of the State remains drought declared,” he said.
“Drivers in the rural sector are the continuing high commodity prices within the beef industry as well as the low interest environment.
“As a result moderate increases in rural land values have occurred throughout the majority of the State with minor increases to lands in the Wide Bay – Burnett and Somerset regions.
“The continued growth in housing construction, improving international tourism numbers and low borrowing costs were all positive contributors to the property sector in Queensland.
“The volume of property lodgements recorded with the Registrar of Titles increased over the first half of the 2016–17 financial year with an average of 3105 daily lodgements—up one per cent from the previous financial year.”
Mr Bray said it was important that landowners realised that valuation notices were not rates notices.
“Rates are set by local governments under the Local Government Act 2009 or the City of Brisbane Act 2010 when they determine their annual budgets,” he said.
“They are based on a number of factors – valuations are only one of those factors.”
Mr Bray said landowners who believed their valuation was incorrect, and could provide information to support this, could lodge their objection on the Land Valuations website or at the address shown at the top of their valuation notice by 8 May 2017.
“Landowners without internet access can get an objection kit that includes a step-by-step guide by phoning 1300 664 217,” he said.
“The list of Queensland’s statutory land valuations, an interactive map for major residential localities that includes residential sales information, and a rural sales map can be viewed on the Land Valuations website until 6 June 2017– allowing landowners to compare their valuations with others in their area.
“Hard copies of the valuation list can be viewed at Department of Natural Resources and Mines business centres and local government offices during normal business hours until close of business on 6 June 2017.”
Mr Bray said landowners could access online the very latest land valuations information.
“The Land Valuations on the Queensland Globe gives landowners access to detailed valuation information allowing users to search for a property or pan the map to areas of interest and zoom down to individual property level,” he said.
“Landowners can access the Land Valuations Globe year round on the Land Valuations website – www.qld.gov.au/landvaluation.
“Landowners can find more information and subscribe to have future valuation notices and other valuation information sent to them by email by visiting the Land Valuations website or calling 1300 664 217.
Media releases specific to the local government areas being revalued are available on the Department of Natural Resources and Mines website – www.dnrm.qld.gov.au
For further information contact Department of Natural Resources and Mines Media Services email@example.com
Media contact: Brad Muir (07) 3199 8253