QLD Landvalue notices

Apologies if this has been posted already.

Valuer general notices for new land values for 2017 are now being sent. One of my recent purchase in Brisbane City Council is up by 15% in value from last year. Another one (pending settlement) is going to be up by min $50k.

Here's the link to a generic report: Valuer-General's property market movement reports | Environment, land and water | Queensland Government

Hows everyone else doing?

 

In Crestmead
Current Site Valuation: $146,000 New Site Valuation: $175,000
Date of valuation: 1 October 2014 Date of valuation: 1 October 2016
Date of effect: 30 June 2015 Date of effect: 30 June 2017

 

Apparently, some Logan suburbs had the highest average increases. Finally some proof that internet spruiking works

 

Do you mean Valuer-General got spruiked without knowing the market well?

 

Mine has gone up ~15% as well (north side for those interested).

 

Mines up 45K (11%) from Oct 15 to Oct 16.

Do I need this for anything or is it just a "Nice to know" thing?

 

"Not nice to pay more land tax/rates" thing, to me.

 

Mine from 490,000 - 510,000. 4%
Meanwhile, Calamvale went up by 23% my parent's land value went down by 6%

Can someone explain, apart from the obvious rates implication, what does it mean to you when your land valuation changes?

 

Waterford West - $170k to $205k, ~ 20%

 

As far as I can remember Logan LGA was not valued in the past two or three years, so ~20% increase in 2 or 3 years?

 

Yep, October 2014 & October 2016

 

Got our notice today for our first ppor which we purchased 6 months ago. Chermside (northside) from $380k to $455k = +20%

Anyone else similar for chermside?

 

I have only got one so far for Bracken Ridge with a 0% increase which suits me since we are over our land tax threshold already.

 

Close $390 to $430 for Aspley 10% increase, looks like I should be grateful it didn't go higher

 

Enogerra $850K to $940K.

Don't believe it - purchased for $640K 3 years ago with a 3 unit block on it. Land can't be worth that much - think the valuer had it at $680K when purchased.

 

How big is the block?
Land has probably appreciated in value and the units have most likely gone backwards. Sounds like a really good buy for a unit block though.

 

Got my 2 today.
One was 5%, the other 10%

 

Block is around 800m2 - very old highest but we have restored/ renovated them.

Was going to appeal the land value but thought it might be in our interest to keep it high (if we ever sell).

 

Got my two today
East Brisbane up 10% from 700k to 770k
Hawthorne up just under 6%

 

Yer 15-20% for all mine. Annoying as it now puts quite a few properties over the 350k threshold for coy/trust. On average I'm this year, but next year will start to cost. Annoying but "cost of doing business".