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It isn't out of the ordinary according to the figures on the linked website. Plenty in the 50's. Mine was last valued in 2007. While I think the new valuation is accurate, the '07 was grossly under, so I don't believe their has been actual growth in land value by that much.

41% increase for me. Can't wait for the next rates bill. Pretty grim for the Gold Coast - at least most down there won't have to worry about a rates increase next year.