Land values across the Moreton Bay Regional Council area are on the rise

Land values in one of southeast Queensland’s largest council areas have increased by 9.3 per cent overall with some suburbs going up by more than 30 per cent.

Land prices in Redcliffe have risen by 10.3 per cent since 2017. Picture: Richard Walker

Land values in one of southeast Queensland’s largest council areas have increased by 9.3 per cent overall with some suburbs going up by more than 30 per cent.

Queensland’s valuer-general Neil Bray said the new research showed land values in the Moreton Bay Regional Council area, which includes, Redcliffe, Caboolture, Strathpine and Bribie Island, had increased by 9.3 per cent overall since its last valuation in 2017.

Samford Valley experienced the largest increase with prices jumping 35.5 per cent from $310,00 to $420,000.

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Prices at Woodford went up 30.2 per cent.

“The new median residential land value of $255,000 has had a minor rise since 2017 reflecting an ongoing demand for well-located and affordable property close to Brisbane and Moreton Bay,” Mr Bray said.

Aerial shot of Woorim Beach, Bribie Island. PICTURE: Melinda Courtney

The demand for property on and near Bribie Island pushed prices at Bellara up by 30.5 per cent from $195,000 to $255,000, prices at Beachmere rose by 20.6 per cent and Ningi by 20 per cent.

“Bribie Island and bayside areas near the Pumicestone Passage have also seen minor to moderate increases with new median values ranging from $255,000 at Bellara to $440,000 at White Patch,” Mr Bray said.

“Established areas south of the Pine River have also had minor increases with new median values of $255,000 at Strathpine and Lawnton.

“Median land values in the areas adjoining Brisbane City have had slight to minor increases overall with new residential values of $385,000 in Everton Hills and $355,000 in both Albany Creek and Arana Hills.”

Aerial photos of North Lakes business district including Masters and Westfield — Picture: Richard Walker

Land values at Dayboro increased by 20.5 per cent from $220,000 to $265,000.

“Residential land in Caboolture saw slight to minor increases with a new residential median value of $180,000 in Caboolture and $222,500 in Burpengary,” Mr Bray said.

Prices in Redcliffe increased from $290,000 to $320,000 and land values in Newport went up from $390,000 to $415,000.

“The Redcliffe Peninsula saw a minor growth in residential median values with Woody Point increasing to $335,000 and Scarborough to $375,000 respectively,” Mr Bray said.

Mr Bray said land valuations were used by councils to determine what to charge in rates, and for state land tax and state land rental amounts.

An aerial view of Redcliffe. Picture: Richard Walker

The valuations will become effective from June 30.

“I encourage landowners who believe they have additional or new evidence which may alter their new valuation to provide this information through the online objections process via www.qld.gov.au/landvaluation or at the address shown at the top of their valuation notice by 7 May 2019,” Mr Bray said.