Land values in the Singleton local government area
Hunter region
General overview
Land values in Singleton local government area overall showed a slight increase between 2017 and 2018 with this trend reflected in the residential market segment. Moderate increases were reflected in the commercial, industrial and rural market segments.
The increases in the residential and industrial sectors was due to the upturn in the coal mining industry after downturns in previous years.
Land value trends
Property zone | 01 Jul 2017 | 01 Jul 2018 | % change |
---|---|---|---|
Residential | $1,066,926,650 | $1,107,937,550 | 3.8% |
Commercial | $84,443,640 | $88,674,650 | 5.0% |
Industrial | $27,177,700 | $29,491,600 | 8.5% |
Rural | $1,258,692,022 | $1,349,830,115 | 7.2% |
Other | $1,018,825,681 | $1,024,191,001 | 0.5% |
Total | $3,456,065,693 | $3,600,124,916 | 4.2% |
Number of properties by zone
Total number of properties: 10,663
Residential land values
Residential overview
Residential land values in Singleton local government area increased slightly between 2017 and 2018 showing steady growth in the last two years following the upturn in the coal mining industry.
The village of Broke showed a strong increase, due to continued high demand and proximity to Sydney.
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 |
---|---|---|---|
Brokenback Rd, Branxton | $277,000 | $290,000 | 4.7% |
Howe St, Broke | $121,000 | $132,000 | 9.1% |
Alpha St, Camberwell | $35,000 | $35,000 | 0.0% |
Elliot Cl, Darlington | $110,000 | $113,000 | 2.7% |
Brooker Cl, Hunterview | $210,000 | $215,000 | 2.4% |
Casey Dr, Hunterview | $153,000 | $157,000 | 2.6% |
Piribil St, Jerrys Plains | $55,000 | $57,500 | 4.6% |
Queen St, Jerrys Plains | $55,000 | $57,500 | 4.6% |
Barton Ave, Singleton | $135,000 | $140,000 | 3.7% |
Campbell St, Singleton | $149,000 | $149,000 | 0.0% |
Pitt St, Singleton | $174,000 | $180,000 | 3.5% |
York St, Singleton | $620,000 | $640,000 | 3.2% |
James Cook Ave, Singleton Heights | $115,000 | $118,000 | 2.6% |
O'Halloran Ave, Singleton Heights | $110,000 | $113,000 | 2.7% |
Wanaruah Cl, Wattle Ponds | $255,000 | $265,000 | 3.9% |
Commercial land values
Commercial overview
Commercial land values in Singleton local government area increased moderately between 2017 and 2018, attributed mainly to recovery in the coal mining industry over the last two years. Market evidence in the Maison Dieu industrial estate and McDougall Business Park have shown a moderate increase over the last year which is largely influenced by the industrial market with many occupiers servicing the mining industry.
Fringe commercial areas and the main central business area of Singleton have remained steady with well balanced supply and demand.
Typical commercial land values
Address | 01 Jul 2017 | 01 Jul 2018 | % change |
---|---|---|---|
Enterprise Cres, Mcdougalls Hill | $190,000 | $210,000 | 10.5% |
George St, Singleton | $215,000 | $215,000 | 0.0% |
John St, Singleton | $190,000 | $190,000 | 0.0% |
Mary St, Singleton | $207,000 | $207,000 | 0.0% |
Blaxland Ave, Singleton Heights | $525,000 | $525,000 | 0.0% |
Industrial land values
Industrial overview
Industrial land values increased moderately between 2017 and 2018 which can be attributed to upturn and outlook in the coal mining industry.
Typical industrial land values
Address | 01 Jul 2017 | 01 Jul 2018 | % change |
---|---|---|---|
Piercefield Rd, Mount Thorley | $215,000 | $238,000 | 10.7% |
Rural land values
Rural overview
Rural land values increased moderately in Singleton local government area between 2017 and 2018 due to its close proximity to Newcastle and Sydney allowing for increased investment by city based purchasers. There has been particularly strong demand in the recreational and hobby farm markets of Belford, Lower Belford and Pokolbin localities and smaller lifestyle blocks in close proximity to Broke and surrounding vineyards. Continuing moderate demand has also been seen in rural grazing properties throughout the district.
Typical rural land values
Address | 01 Jul 2017 | 01 Jul 2018 | % change |
---|---|---|---|
Milbrodale Rd, Broke | $300,000 | $325,000 | 8.3% |
Turnbull Rd, Bulga | $112,000 | $125,000 | 11.6% |
Dyrring Rd, Dyrring | $350,000 | $365,000 | 4.3% |
Glendonbrook Rd, Glendon Brook | $410,000 | $450,000 | 9.8% |
Carrington St, Glenridding | $70,000 | $77,500 | 10.7% |
Putty Rd, Howes Valley | $190,000 | $215,000 | 13.2% |
Jerrys Plains Rd, Jerrys Plains | $5,250 | $5,500 | 4.8% |
Lambs Valley Rd, Lambs Valley | $330,000 | $360,000 | 9.1% |
Hermitage Rd, Pokolbin | $415,000 | $454,000 | 9.4% |
Westbrook Rd, Westbrook | $340,000 | $355,000 | 4.4% |
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.