Brisbane Land Valuation +20% in a year

I wouldn't complain my land valuation went up 70% this year, doubled in 2 years (Byron Bay). It sucks.

 

I got a modest increase of 15% at Acacia Ridge...

 

Mine are all up 10%... I'm pretty sure those properties didn't go up by 10% last year either. Its a crappy laggy system, but like I said - its a great way for them to raise some extra revenue to pay for the ever growing QLD public sector

 

Ours went up 9.1% to some piddling amount way below the suburb median. What the? O that's right, 50% of properties in this suburb are acreage. The house next door to us, 2 metres further down the hill with a narrow frontage triangular block and storm water runs down their driveway into their garage, is valued 20% more than ours

 

They dare not increase the threshold then they won’t be able to tax every land owner

 

Eagleby - up by 15%
Murrumba Downs - up by 10%
Slacks Creek - up by 27.5%(!!)

Seems like Logan land is playing catchup, especially the lower socio-economic areas? Still waiting on my Woodridge one but will be interesting to see what that comes back at.

Cheers,
David

 

Boondall was +20%

 

Why wait? It's all online.

 

Thanks Angel, I thought it won't be officially released online till the effective date (30/6/19) but seems like it's there already.

Woodridge - up by 32.4%

Cheers,
David

 

For us, the worst increase was Wynnum West with 20.6%

The best was our PPOR with an increase of 10.0% (and no land tax payable).

 

Up 10.6% for one, 0% for the other.

 

Do you mind mentioning which suburb the 0% increase?

 

Waterford +2.8%
North Lakes +5.4%

Not quite the boom in QLD I was after!!!

 

They are both 30+ kms from the CBD.

Compared with 5kms from the CBD, there is 36x more land.

Miles too much competition => a lot less growth

 

Agree both of these are a fair way from CBD,that said Woodridge is +20kms out as well and had a +32% hike!!

 

I wouldn’t buy in Woolridge either, for a whole stack of reasons .

As a B+H investor, I would prefer my land valuations went down/stayed the same except my PPOR which I would love it to sky-rocket .

 

if your PPOR land value goes up a lot you will need to pay more council rates and potentially more land tax?

 

No to more Land Tax as it is our PPOR and it is exempt .

No to more BCC rates as we are planning to sell to sell PPOR in the next 6 months .

So we are really happy to see our SV go up 10% .

 

People please do no equate government vals with prices increases...that is s flase economy!!

 

Does the bank use government land value as a base point to value the property?