Key MPM locations amongst the states top performers
Brisbane, the Gold Coast, Sunshine Coast and Cairns have been prime locations for property value growth, in the past year according to a new state government report.
The 2015 Valuer-General’s Property Market Report shows an average 5.6 per cent growth in land values for Queensland over the past year.
But the land valuations for The Gold Coast (10.7 per cent), Brisbane (9.7 per cent), Cairns (8.9 per cent) and Sunshine Coast (5.8 per cent) will all be increased well above the state average from June 30.
Visit our current properties for sale by clicking HERE.
In Brisbane, low interest rates, helped access to finance which will see total residential land values rise by 10.9 per cent, the Valuer-General’s report says.
In the past 12 months the Gold Coast property market has continued to improve with an overall increase of 10.7 per cent.
The residential land market has shown significant recovery with median value in Bundall increasing by 38 per cent.
Other waterfront residential land recorded moderate-to-large increases, while beachfront land had only a minor increase.
Generally, residential land in the coastal area increased and land value west of the motorway was static.
Rural residential land value in the Currumbin Valley and Tallebudgera Valley areas recorded minor increases and remained static elsewhere. Click HERE for the original story from Brisbane Times.