Land values in the Port Stephens local government area
Hunter region
General overview
There was a moderate increase in land values in the Port Stephens local government area between 2017 and 2018, which was consistent across the residential, industrial and rural market segments. Commercial land values showed a slight increase.
This trend in land values, particularly in the residential sector was led by demand for housing at an affordable level and improvements to roads and infrastructure with increased demand from investors and private buyers.
Land value trends
| Property zone | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Residential | $7,204,246,680 | $7,795,289,470 | 8.2% |
| Commercial | $311,301,480 | $326,406,030 | 4.9% |
| Industrial | $266,946,421 | $286,058,801 | 7.2% |
| Rural | $940,640,181 | $1,022,307,911 | 8.7% |
| Other | $276,760,661 | $282,678,661 | 2.1% |
| Total | $8,999,895,423 | $9,712,740,873 | 7.9% |
Number of properties by zone
Total number of properties: 30,373
Residential land values
Residential overview
Residential land values increased moderately overall, especially in the localities of Anna Bay, waterfront areas of Soldiers Point, Fishermans Bay and Boat Harbour oceanfront reserve properties. Medium density properties in Tanilba Bay experienced a very strong increase. This can be attributed to demand for established housing from owner occupiers and investors and recent improvements made in roads and infrastructure projects.
The localities of Boat Harbour, Medowie and large lot residential properties in Anna Bay and Boat Harbour remained steady with more subdued demand.
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 |
|---|---|---|---|
| Gan Gan Rd, Anna Bay | $1,100,000 | $1,210,000 | 10.0% |
| James Paterson St, Anna Bay | $269,000 | $296,000 | 10.0% |
| Blanch St, Boat Harbour | $467,000 | $467,000 | 0.0% |
| Coryule St, Boat Harbour | $308,000 | $308,000 | 0.0% |
| Brandy Hill Dr, Brandy Hill | $346,000 | $360,000 | 4.1% |
| Spinnaker Way, Corlette | $313,000 | $329,000 | 5.1% |
| Popplewell Rd, Fern Bay | $263,000 | $276,000 | 4.9% |
| Seaside Bvd, Fern Bay | $301,000 | $331,000 | 10.0% |
| Shoreline Dr, Fingal Bay | $375,000 | $394,000 | 5.1% |
| Ocean St, Fishermans Bay | $617,000 | $710,000 | 15.1% |
| Hinton Rd, Hinton | $187,000 | $196,000 | 4.8% |
| Riverside Dr, Karuah | $146,000 | $155,000 | 6.2% |
| Six Mile Rd, Kings Hill | $1,450,000 | $1,600,000 | 10.3% |
| Northumberland Ave, Lemon Tree Passage | $183,000 | $198,000 | 8.2% |
| Watersleigh Ave, Mallabula | $338,000 | $355,000 | 5.0% |
| Brush Box Ave, Medowie | $191,000 | $205,000 | 7.3% |
| Sunningdale Cct, Medowie | $241,000 | $241,000 | 0.0% |
| Wellard Cl, Medowie | $278,000 | $292,000 | 5.0% |
| Ajax Ave, Nelson Bay | $372,000 | $446,000 | 19.9% |
| Bay St, Nelson Bay | $295,000 | $313,000 | 6.1% |
| Galoola Dr, Nelson Bay | $293,000 | $311,000 | 6.1% |
| Sproule St, Nelson Bay | $1,250,000 | $1,350,000 | 8.0% |
| Tomaree St, Nelson Bay | $582,000 | $722,000 | 24.1% |
| Casuarina Cl, One Mile | $474,000 | $498,000 | 5.1% |
| Alton Rd, Raymond Terrace | $170,000 | $187,000 | 10.0% |
| Irrawang St, Raymond Terrace | $170,000 | $204,000 | 20.0% |
| Mariner Cres, Salamander Bay | $285,000 | $342,000 | 20.0% |
| Port Stephens Dr, Salamander Bay | $265,000 | $286,000 | 7.9% |
| Salamander Way, Salamander Bay | $428,000 | $454,000 | 6.1% |
| Sanderling Cl, Salamander Bay | $306,000 | $319,000 | 4.3% |
| Soldiers Point Rd, Salamander Bay | $1,281,000 | $1,345,000 | 5.0% |
| Fingal St, Shoal Bay | $393,000 | $413,000 | 5.1% |
| Leonard Ave, Shoal Bay | $371,000 | $482,000 | 29.9% |
| Ash St, Soldiers Point | $332,000 | $359,000 | 8.1% |
| Kent Gdns, Soldiers Point | $575,000 | $661,000 | 15.0% |
| Avenue Of The Allies , Tanilba Bay | $165,000 | $210,000 | 27.3% |
| Clemenceau Cres, Tanilba Bay | $196,000 | $215,000 | 9.7% |
| Albert St, Taylors Beach | $277,000 | $300,000 | 8.3% |
| Ann St, Wallalong | $209,000 | $215,000 | 2.9% |
Commercial land values
Commercial overview
Commercial land values increased slightly across most of the local government area with exception of light industrial style properties in Salamander Bay and bulky goods areas of Taylors Beach which had a strong increase. These increases can be attributed to demand from owner occupiers and positive influences from investment in infrastructure in the locality.
Typical commercial land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Masonite Rd, Heatherbrae | $495,000 | $535,000 | 8.1% |
| Cook Pde, Lemon Tree Passage | $325,000 | $331,000 | 1.9% |
| Stockton St, Nelson Bay | $515,000 | $515,000 | 0.0% |
| William St, Raymond Terrace | $210,000 | $229,000 | 9.1% |
| Soldiers Point Rd, Salamander Bay | $390,000 | $398,000 | 2.1% |
| Town Centre Cct, Salamander Bay | $1,350,000 | $1,450,000 | 7.4% |
| Government Rd, Shoal Bay | $410,000 | $418,000 | 2.0% |
| Beatty Bvd, Tanilba Bay | $145,000 | $151,000 | 4.1% |
| Sky Cl, Taylors Beach | $276,000 | $316,000 | 14.5% |
| Williamtown Dr, Williamtown | $850,000 | $850,000 | 0.0% |
Industrial land values
Industrial overview
Industrial land demonstrated a moderate increase from 2017 to 2018 with moderate demand from owner occupiers. Light Industrial areas in Raymond Terrace, Medowie, Lemon Tree Passage and Boat Harbour had very strong increase in values. The industrial areas of Tomago and Heatherbrae remained steady.
Typical industrial land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Abundance Rd, Medowie | $224,000 | $336,000 | 50.0% |
| Frederick Dr, Oyster Cove | $131,000 | $144,000 | 9.9% |
| Old Punt Rd, Tomago | $769,000 | $796,000 | 3.5% |
| School Dr, Tomago | $255,000 | $268,000 | 5.1% |
| School Dr, Tomago | $1,985,000 | $1,985,000 | 0.0% |
Rural land values
Rural overview
Rural land values increased moderately from 2017 to 2018, with good demand for smaller rural lifestyle and hobby farms as a result of improvements to road and infrastructure in the locality in recent years.
The exception to this trend was rural properties over 40 hectares located west of the Pacific Highway with more subdued demand.
Typical rural land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Port Stephens Dr, Anna Bay | $665,000 | $665,000 | 0.0% |
| Nelson Bay Rd, Bobs Farm | $342,000 | $356,000 | 4.1% |
| Nelson Bay Rd, Bobs Farm | $395,000 | $435,000 | 10.1% |
| Woodville St, Duns Creek | $432,000 | $518,000 | 19.9% |
| Winston Rd, Eagleton | $319,000 | $383,000 | 20.1% |
| Italia Rd, East Seaham | $272,000 | $313,000 | 15.1% |
| Medowie Rd, Ferodale | $378,000 | $378,000 | 0.0% |
| Hinton Rd, Nelsons Plains | $720,000 | $720,000 | 0.0% |
| Lemon Tree Passage Rd, Salt Ash | $273,000 | $284,000 | 4.0% |
| Recluse Pl, Salt Ash | $200,000 | $200,000 | 0.0% |
| Cook Dr, Swan Bay | $317,000 | $349,000 | 10.1% |
| Clarence Town Rd, Woodville | $325,000 | $390,000 | 20.0% |
| Loch Goyle Dr, Woodville | $317,000 | $365,000 | 15.1% |
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.