New land valuations issued across Queensland for 2025
The latest land evaluation data has arrived and has left some in Townsville with a sour taste in their mouth, saying rates are set to rise in 2026.
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Townsville residents are bracing for huge rates increases with latest land valuation data seeing some areas increase by more than 60 per cent.
More than 790,000 new land valuations were issued across 12 different local government areas on Thursday.
Townsville recorded a 27 per cent increase, led by the Magnetic Island suburbs of Picnic Bay (98.5 per cent) and Horseshoe Bay (+92.9 per cent), due to a strong demand from lifestyle buyers and retirees.
The new valuations take effect from June 30.
A resident in Currajong said their valuation went up 33 per cent, while others in Hermit Park and Belgian Gardens saw a 60 per cent increase.
The Currajong homeowner told the Townsville Bulletin that their home will see a new land valuation of $237,000 up from the previous value of $182,500, an increase of nearly 30 per cent.
According to the Townsville City Council website, rates are calculated by two factors, the land valuation and the Rate in the Dollar set each year by the council.
Townsville City Council puts a cap on the percentages increase at 10 per cent per annum, meaning punters will not be hit by the full 30 per cent at once.
Queensland’s Valuer-General Laura Dietrich said the valuations are the results of “months of extensive research”.
She also said the land values reflected ongoing demand and economic activity.
“This year’s valuations highlight significant market movements, driven by a variety of factors,” she said.
The valuations do not take into account recent flooding events, only considering up to October 1 last year.
“We understand some Queenslanders are doing it tough following recent floods and adverse weather events and may have questions about how this affects their land valuation,” Ms Dietrich said.
“While these valuations were completed before recent flood events, we carefully consider the impact of historic flooding when assessing land values.”
Those who do not agree with their new land valuation can provide evidence and lodge an objection within 60 days of the notice issue, up until 26 May.
Residents can lodge an objection online at www.qld.gov.au/landvaluation or by going in person to Townsville’s Department of Natural Resources and Mines, Manufacturing, and Regional and Rural Development office at Level 9, 445 Flinders Street.
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Originally published as New land valuations issued across Queensland for 2025
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