24 Oct Land Valuation

In March 2022, the Valuer-General issued land valuations for 30 Queensland local government areas.

These include:

• Sunshine Coast
• Noosa
• Moreton Bay
• Fraser Coast
• Bundaberg

The valuations focus on providing the council and residents information on residential, rural-residential, multi-unit, commercial, industrial and rural property markets and are published on the Queensland Government website for viewing.

What is considered in a land valuation?

During a valuation, our valuers consider a wide range of points that can impact the value of land. These include:

• the property market
• trends and sales information for each land use category
• vacant or lightly improved properties that have recently been sold
• the land’s present use and zoning under the relevant planning scheme
• physical attributes and constraints on use of the land

All of these elements come together to create a professional land valuation. This video by the Queensland Government perfectly displays the land valuation process.

Methods

There are two methods of valuation used when determining land value. These are the unimproved value method and the site value method. The valuer determines which method to use depending on how the land is zoned under the Queensland planning provisions or the equivalent local government planning scheme.

To use the unimproved value method, land must be zoned rural under the relevant planning scheme.

To use the site value method, the land must fall into any other land category, including land zoned rural-residential.

If a property falls into multiple zones the predominant zoning on the property determines the valuation methodology.

Contact Us

Our team would be more than happy to help you!

We have a team of highly specialised professionals who have the experience to provide clients with reliable, independent advice. Our team is well versed in both residential and commercial land valuation. When you choose to use our team you’re choosing Australia’s best valuers. Contact our team today!