Land values in the Muswellbrook local government area
Hunter region
General overview
Overall the land values in Muswellbrook local government area remained steady between 2017 and 2018.
This trend was reflected across all market segments with the rural sector experiencing some smaller increases with continuing strong rural commodity prices despite deteriorating seasonal conditions.
Land value trends
| Property zone | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Residential | $496,946,125 | $499,005,555 | 0.4% |
| Commercial | $53,139,670 | $53,302,770 | 0.3% |
| Industrial | $29,343,200 | $29,621,500 | 1.0% |
| Rural | $434,983,700 | $442,541,900 | 1.7% |
| Other | $792,437,331 | $792,448,601 | 0.0% |
| Total | $1,806,850,026 | $1,816,920,326 | 0.6% |
Number of properties by zone
Total number of properties: 7,623
Residential land values
Residential overview
Residential land values generally remained steady as land values stabilised following a downturn in previous years.
Median land values and sale prices
The above chart shows movement in the property market and land values over a five year period. In areas where there are a low number of sales, median sale prices may not accurately reflect the property market. Land values may not always move directly in line with sale prices due to the influence of other factors, such as building costs.
Typical residential land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Almond St, Denman | $192,000 | $192,000 | 0.0% |
| Merriwa Rd, Denman | $400,000 | $400,000 | 0.0% |
| Turtle St, Denman | $95,000 | $95,000 | 0.0% |
| Babbler Cres, Muscle Creek | $159,000 | $159,000 | 0.0% |
| Bligh St, Muswellbrook | $90,000 | $90,000 | 0.0% |
| Casuarina Cl, Muswellbrook | $65,000 | $65,000 | 0.0% |
| Dixon Cct, Muswellbrook | $80,000 | $80,000 | 0.0% |
| Ironbark Rd, Muswellbrook | $488,000 | $488,000 | 0.0% |
| Kamilaroi St, Muswellbrook | $80,000 | $80,000 | 0.0% |
| King St, Muswellbrook | $83,000 | $85,000 | 2.4% |
| Lower Hill St, Muswellbrook | $50,000 | $50,000 | 0.0% |
| Maitland St, Muswellbrook | $70,000 | $70,000 | 0.0% |
| Riesling St, Muswellbrook | $86,500 | $88,500 | 2.3% |
| Tamar Way, Muswellbrook | $30,500 | $30,500 | 0.0% |
| Goulburn Dr, Sandy Hollow | $55,000 | $55,000 | 0.0% |
Commercial land values
Commercial overview
Commercial land values generally remained steady as land values stabilised following a downturn in previous years.
Typical commercial land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Brook St, Muswellbrook | $121,000 | $121,000 | 0.0% |
| Maitland St, Muswellbrook | $105,000 | $105,000 | 0.0% |
| Market St, Muswellbrook | $95,000 | $95,000 | 0.0% |
| William St, Muswellbrook | $725,000 | $725,000 | 0.0% |
Industrial land values
Industrial overview
Industrial land values generally remained steady as land values stabilised following a downturn in previous years.
Typical industrial land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Industrial Cl, Muswellbrook | $80,000 | $80,000 | 0.0% |
| Strathmore Rd, Muswellbrook | $145,000 | $147,000 | 1.4% |
Rural land values
Rural overview
Rural land values in Muswellbrook local government area overall remained steady between 2017 and 2018. There were some small increases in larger grazing holdings and alluvial flat country with demand continuing following strong rural commodity prices despite deteriorating seasonal conditions.
Typical rural land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Baerami Creek Rd, Baerami | $52,000 | $52,000 | 0.0% |
| Dalswinton Rd, Dalswinton | $441,000 | $462,000 | 4.8% |
| Martindale Rd, Denman | $9,400 | $9,400 | 0.0% |
| Martindale Rd, Denman | $209,000 | $209,000 | 0.0% |
| Martindale Rd, Martindale | $297,000 | $297,000 | 0.0% |
| Martindale Rd, Martindale | $801,000 | $822,000 | 2.6% |
| Muscle Creek Rd, Muswellbrook | $325,000 | $325,000 | 0.0% |
| Sheppard Ave, Muswellbrook | $94,000 | $94,000 | 0.0% |
Added value of improvement tables
The added value of improvement tables show dollar values per square metre for the added value of improvements for the main residential property types in a local government area. It is the value the improvements add to the value of the land as demonstrated by the analysis of property sales.