Brisbane - Investment

Discussion in 'Where to Buy' started by BrisbaneInvestor, 28th Feb, 2020.

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  1. djyella

    djyella Well-Known Member

    Joined:
    5th Feb, 2016
    Posts:
    569
    Location:
    Sydney
    Hi quick question, I’ve heard people talk about land:asset/building ratio quite a bit in relation to Brisbane property.

    Just wanted to check, is the “land” component of that calculation usually made simply using UCV aka Valuer Generals valuation on the utility bill (or also available on RPdata)? Or is there another way that calc is made?
     
    djyella, 22nd Jul, 2020
    #21
  2. MelindaJennison

    MelindaJennison Brisbane Buyer's Agent & QPIA Business Member

    Joined:
    16th Mar, 2020
    Posts:
    252
    Location:
    Brisbane QLD, 4000
    There are 2 ways to measure this.
    Yes you can use the Unimproved Land Value (ULV) which is what you refer to above.
    Sometimes we also consider the Market Land Value which is what the land would sell for in the current market without the dwelling itself (this is usually higher than the ULV). This requires an understanding of the local area and any recent vacant land sales.
    Hope this helps!
     
    MelindaJennison, 22nd Jul, 2020
    #22
    djyella likes this.
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