Steep increase in Brisbane land valuations

[hugh72]

No I think most people are referring to the $600 k land tax threshold in Qld so even buying a few properties in either individual or joint names outside of your ppor can quickly exceed this threshold which hasn't increased unfortunately
The increase in land valuations generally correspondes to increased property values

 

[tonyc00]

Does government land valuation influence property valuation

Hi

I'm interested in any responses to a previous post:

"so to be clear, does this government land valuation influence property valuation in any way?"

For example, Gold Coast suburb of Bundall the residential median land value increased by as much as 38%.

According to YIP, "Bundall is an average performer in QLD when comparing median price capital growth over the last year. Bundall gave property investors a average capital gain figure when compared to the rest of the state, with 3.69%."

"The five-year average increase in median property values for Bundall,4217 has given property investors a potential capital gain of -6.70% across each of those five years."

It will be interesting to track house prices in Bundall in the next 6 months.

Regards

Tony

 

[NPB]

However many regional areas have had the land valuations significantly reduced from the last time they were 'valued' in 2013.

Perhaps cynically we could suggest the rises in Brisbane Metro are slightly inflated to cover the reduced revenue from the regional areas.