The 2019 Property Market Movement Report was released this week and shows land values are on their way up.
Queensland’s Valuer-General Neil Bray said the report shows evidence of improved land values in the major urban areas in South East Queensland, and a number of farming areas across the state.
Most local governments have seen overall increases in total land values, including the Western Downs with a 6.8% increase.
Residential values in Longreach have decreased up to 45%, while rural land values in the area have increased by 1.3%.
The report also shows a decrease in property sales across the state for the first half of the 2018-19 period - an average of 2747 daily lodgements for the transfer of land which is a 6% decrease compared to the previous period.
Individual land valuations for this year will be available this week - check yours on the Department of Natural Resources and Mines website.
Read the full 2019 Property Market Movement Report here
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