Land valuations steep for Southern Downs

Most in the Southern Downs Region can expect rates to be significantly higher following the release of the latest land valuations.

Across the Region, the revaluation dated 1 October 2022 included 18,533 properties, with an estimated total value of approximately $3.8 billion, an overall increase of 50 per cent since the last valuation in October 2020.

For residential land under 4,000 square meters, the median land value across 408 properties in Allora increased by 29.8 per cent from $84,000 to $109,000.

Leyburn had the sharpest rise across the entire region, with the median land value increasing by a staggering 220 per cent from $20,000 to $64,000.

Mount Marshall increased by 79.8 per cent from $121,000 to $217,500, Hendon by 45.8 per cent from $48,000 to $70,000, Goomburra by 40.3 per cent