Queensland's Valuer-General has released new land valuations of 18 of the 62 local government areas.
In the Brisbane area alone, the median rise in value is 7.1 per cent to $455,000. The top suburb in the list is Rocklea, which saw an increase in 31 per cent. Inner city suburbs have seen moderate increases too with Woolloongabba's land value rising 26.1 per cent. Of the 180 suburbs in Brisbane, one-fifth of them did not see a rise in value, and only Bowen Hills saw a decrease by 1.5 per cent.
Other South-East Queensland regions surrounding the capital have seen even greater increases, the most significant of which is the Sunshine Coast. The LGA saw a median growth of 11.1 per cent to $275,000 across 88 of the 92 suburbs.
The Moreton Bay area also saw a median increase of 10.9 per cent in 62 of its 64 suburbs. Logan and Ipswich saw a rise by 9.3 and 8.1 per cent respectively.
The valuations, which are used for local government rating, state land tax and state land rental purposes, take effect on June 30. Objections can be submitted online until the 7th of May.
Stay ahead of the game and keep track of your LAND + HOUSE's value - even if you're not planning to sell, you may be able to redraw on the increased equity in your home for that dream renovation or holiday.
Download a free comparable report from Core Logic here or for a personalised property appraisal, fill in the form below and your local sales specialist will be in touch to organise a time and date to conduct an obligation-free property appraisal.