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Gladstone land values drop 7.8% -don't reflect market now

Land valuations for the Gladstone region have been issued by the Queensland Valuer General, with a decline in value in most localities attributed to the timing of the assessments.
The valuations have been dated October 1, 2020, which was before the Gladstone property market reached its current and significantly higher level.
âThe Valuer-General released land valuations for 28,429 properties with a total value of $3,536,001,969 in the Gladstone Regional Council area,â the Valuer Generalâs department said in a statement.
âThe valuations reflect land values at October 1, 2020, and show that Gladstone Regional Council has decreased by 7.8 per cent overall since the last valuation in 2018.â ....

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Gladstone land values drop 7.8% -don't reflect market now

Gladstone land values drop 7.8% -don't reflect market now
gladstoneobserver.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gladstoneobserver.com.au Daily Mail and Mail on Sunday newspapers.

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How end to mining means $1 million revenue hit for city

“The ongoing annual impact of these changes is estimated to be $1 million per annum.
“This result may be offset, to some extent, by better than forecast residential growth, but this will need to be monitored throughout the second half of the financial year.”
A council spokesman said 37 existing rate assessments were reconfigured into 24 new rate assessments.
“The reclassified properties included residential, vacant land, primary production and mining land uses, while the resulting properties also include residential, vacant land, primary production and mining land uses,” he said.
“However, a significant section of prior mining land uses have been reclassified as primary production land uses.” ....

Jeff Keech , Ipswich City Council , Queensland Valuer General , Valuer General , ஜெஃப் கீச் , இப்ஸவிச் நகரம் சபை , குயின்ஸ்லாந்து மதிப்பீட்டாளர் ஜநரல் , மதிப்பீட்டாளர் ஜநரல் ,

'A joke': Tully slams irregular land valuations costing $600k

The veteran councillor slammed the State Government for not providing the city with annual land valuations, denouncing the impact it has on ratepayers ....

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'We've just been ignored': Mayor's response to valuations

At the time council told the valuer-general s office that a yearly review of land valuations was necessary to avoid a repeat of the 2019 debacle.
Cr Milligan requested that council CEO Ian Church follow up with the valuer-general and said let s up the ante a bit more .
A Lockyer Valley Regional Council spokeswoman told the
Gatton Star (the) council believes regular valuations provide certainty to our community and will continue to work with the Queensland Government to help them appreciate the positive impact this has on our region .
The 25 local government areas to receive new land valuations in 2021 are Balonne, Banana, Barcaldine, Barcoo, Blackall-Tambo, Bulloo, Burdekin, Central Highlands, Charters Towers, Cook, Diamantina, Gladstone, Gympie, Isaac, Longreach, Maranoa, Murweh, Paroo, Quilpie, Somerset, Southern Downs, Tablelands, Toowoomba, Western Downs and Whitsunday. ....

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