Brisbane land values rise 10 per cent

I don't understand the big jump in Northlakes tbh. If bridgeman downs didn't go up? Or even chermside not moving much. Doesn't make sense to me. Northlakes is far and lots of land out there?

 

My guess is because northlakes comes of a low base and has gentrified with development. Does not take much to get a bigger % the lower the base...and vice versa.
..and i question the sustainablity of land value appreciation yoy when the base increases like that. Ie 20%. Northlakes isnt a blue chip tjat has significantt fundamental drivers that can help sustain yoy % imo.
Not sure compared to chermside etc. I too would have expected the likes of chermside to show more of an increase..same with some others.

 

I got 10% in wavell heights. Much more valuable land than northlakes. By that I mean land. There are quite a lot of expensive homes in Northlakes. Really large houses that are only a few years old. People may relatively more for the house than the land in those types of new subdivisions

 

The average Joe can't afford a house in Bridgeman Downs and Chermside. I have never been able to afford a house there.

Average Joe can live at North Lakes and imagine they live in Chermside or Bridgeman Downs. The houses and the shopping centre both look the same. When 80% of the population are Average or below, where do you think they will go to live?

 

I wouldn't have thought affordability would have factored into the land valuation I am pretty sure there would have been some good jumps in some of the more inner suburbs which are absolutely unaffordable for the average person. But maybe you are right because I just don't understand the big jump in North Lakes for the land

 

I figure it is because of the train line affect.

Last year we had a massive value increase compared to previous years. Maybe your suburb had two or three years of consistent value rises?

 

North Lakes would be considered blue chip for that area I think, and the shopping centre is only getting bigger and bigger. And they tell me North Lakes itself is 'sold out' so I guess that puts more pressure on existing house and land... Given its proximity to the airport, good transport (very soon - the train) and not far to the sunny coast and Bribie island and Scarborough marina and Redcliffe and the new university I think it has a lot going for it...

 

That's a bit of a jump.
One of mine went up to about $400k, which means I got a lot of house for not much money

 

Nundah 10.5%
Wynnum west 15.8%
Stafford 26% (460 to 580)

Will this increase in land value be translated to the selling price? One thing for sure, land tax is going to be super expensive, which begs another question, is it worth objecting to the council?

Thanks

 

thats a good question- how does the increase in land price translate to selling price? I doubt its a 1:1 correlation as land values are only one of many factors that contribute to selling price. Im not sure how strong the correlation is. Im guessing they will play a bigger hand for RE that has a lot of land ( houses, knock down jobs etc)- Should be diluted for apartments i would think, but still there will be some.

 

Why has outer bum **** increased in value twice that of Brisbane wide?

 

A bigger shopping temple - how exciting.

The brand, which consists of small houses, with small roads may be sold out, but there's plenty of land ripe for development out there. I might buy some? I'll call it North Lake heights and double the asking price.

Redcliffe airport yes. If you're talking about BNE airport, then it's further away than all north Bris burbs and some south BNE burbs. It's not that far from the Sunshine Coast Airport - not sure where you could fly from there.

I think I can, I think I can.

It's ten mins less journey from BNE to the sunny coast, big deal. Bribie Island and Redcliffe - who gives a ****.

I do not!!

 

Keperra only 5%

 

It might have already been answered, but do these valuations impact the rates?

 

Same. Well approx. 5.264%, but who's counting.

 

This could contribute to rises in values, if investors pass on higher costs to tenants via rent increases?

 

The good olde 'passing on costs' myth? And the double; increased rents lead to increased values.

 

Yeah funny how so many people still believe it. Well Sherwood up 0%, quite happy, no rates rises for me.

 

This is exactly what this is for.