Annual statutory land valuationsThe Queensland Valuer-General has released the 2016 Property Market Movement Report and annual statutory land valuations.Generally there has been an increase in urban land values in the Brisbane (particularly the CBD), Gold Coast, Sunshine Coast and Cairns regions, while regional Queensland has experienced declining or static values due to the weakened resource sector. However, the significant level of investment currently being experienced in Toowoomba has led to a notable increase in values.Localised media releases summarising regional results are being published on the Department’s website.The following 24 local government areas will be valued this year: Banana, Brisbane, Burdekin, Cairns, Central Highlands, Cloncurry, Cook, Douglas, Fraser Coast, Gladstone, Gold Coast, Isaac, Lockyer Valley, Mackay, Moreton Bay, Mount Isa, Noosa, Redland, South Burnett, Sunshine Coast, Toowoomba, Weipa, Western Downs and Whitsunday.Further information on Queensland’s annual land valuations can be found here.
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