Queensland’s Valuer-General today released the annual land valuations for properties in the Ipswich City Council area.
Valuer-General Neil Bray said the valuations reflected land values on 1 October 2012 and showed Ipswich City Council area’s land values had decreased by 1.7 per cent overall since the last valuation issued in 2012.“Land values have generally remained static since the last valuation with some minor decreases in some market sectors and localities,” he said. “Residential and commercial land values have held steady in most areas, while industrial, rural residential and primary production land recorded minor decreases.
“Some localities such as Goodna and Walloon recorded decreases in median values due to declining prices of recent land sales. “The median value of residential land in Goodna decreased from $124,000 to $111,000.” Mr Bray said it was important that landowners realised that valuation notices were not rate notices. “Rates are set under the Local Government Act 2009 and are determined by local government authorities,” he said. “The setting of rates is based on a number of factors – valuations are only one of those factors.”
Mr Bray said landowners who believed their valuation was incorrect and could provide information to support this could this year, for the first time, lodge their objection online at www.dnrm.qld.gov.au/property/valuationsor at the address shown at the top of their valuation notice by 20 May 2013. “Landowners without internet access can obtain an objection kit that includes the form and a step-by-step guide by phoning the toll free number 1300 664 217,” he said.
“The list of Queensland’s statutory land valuations and market tables for major residential localities can be viewed online at www.dnrm.qld.gov.au/property/valuations/annual-valuations/market-tablesuntil 18 June 2013 – allowing landowners to compare their valuations with others in their area. “A hard copy of the valuation list for the Ipswich City Council area can be viewed at the Department of Natural Resources and Mines, First Floor, Tower Central, 114 Brisbane Street, Ipswich during normal business hours until close of business on 18 June 2013.”