This article is from the Australian Property Journal archive
SOUTH east Queensland locations have received hefty land valuation increases, as new Valuer-General Laura Dietrich handed down her first valuations for 24 regions across the sunshine state.
A total of 805,000 properties are being valued in 2023, accounting for about 45% properties across the sunshine state.
Brisbane residential values went up 13%, led by Willawong (up 42.9%) and Rochedale (40.4%). Big gains were also seen in bayside suburbs Wynnum (32.6%), Wynnum West (34.1%) and Manly (31.7%).
Tenerife tops the capital for median land values with $1.6 million, followed by Ascot, New Farm and Newstead with $1.45 million.
Flood-affected suburbs Kooringal, Rocklea and Wacol posted the lowest valuations, with the former at $240,000.
Ipswich landowners received a 35% hike, while Logan was up 18%. Logan saw Veresdale Scrub increase 90.3% to $730,000, while developing suburb Park Ridge was up 36% to $300,000.