Land values in the Kempsey local government area
North Coast region
General overview
There was a moderate increase in land values in the Kempsey Local Government Area between 2017 and 2018. This trend was consistent across the residential, commercial and rural market segments. Industrial land values have remained steady over the period.
The recent completion and opening of the Pacific Highway upgrade and re-alignment between the major regional centres of Coffs Harbour and Port Macquarie has been a significant driving force underpinning market movements within the Kempsey local government area over the 2017 to 2018 period. The opening of this section of the highway now completes the divided dual carriage motorway south to Sydney and has significantly reduced travel times, improved road safety and enhanced the general accessibility of the region.
Land value trends
Property zone | 01 Jul 2017 | 01 Jul 2018 | % change |
---|---|---|---|
Residential | $1,404,673,350 | $1,516,697,070 | 8.0% |
Commercial | $100,795,760 | $107,675,060 | 6.8% |
Industrial | $28,310,190 | $28,500,190 | 0.7% |
Rural | $761,875,930 | $823,168,540 | 8.0% |
Other | $81,547,556 | $84,881,212 | 4.1% |
Total | $2,377,202,786 | $2,560,922,072 | 7.7% |
Number of properties by zone
Total number of properties: 14,420
Residential land values
Residential overview
There has been a moderate increase in residential land values across most localities within the Kempsey local government area between 2017 and 2018 as the market continues to be driven by sustained levels of demand for affordable housing.
Residential property in Kempsey and surrounding urban localities on the coastal plain, have benefitted from the opening of the upgraded and realigned Pacific Highway between Kempsey to Port Macquarie. The opening of this section of the highway now completes the divided dual carriage motorway south to Sydney and has significantly reduced travel times, improved road safety and enhanced the general accessibility of the region.
Land values at Greenhills west of Kempsey, has remained steady in the face of subdued demand for residential property in this locality.
Land values for rural-residential holdings centred on the coastal localities of South West Rocks, Arakoon and Crescent Head have shown a slight decrease as the supply of property entering the market begins to exceed current levels of demand.
Land values in the more remote rural villages of Willawarrin and Bellbrook have remained steady due to subdued levels of demand for a limited supply of property in these localities.
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 |
---|---|---|---|
Gladstone St, Arakoon | $335,000 | $335,000 | 0.0% |
Rocks View Cres, Arakoon | $300,000 | $290,000 | -3.3% |
Burnt Bridge Rd, Burnt Bridge | $60,000 | $60,000 | 0.0% |
Comara Tce, Crescent Head | $300,000 | $320,000 | 6.7% |
Pacific St, Crescent Head | $290,000 | $320,000 | 10.3% |
Point Plomer Rd, Crescent Head | $590,000 | $620,000 | 5.1% |
Sullivan St, East Kempsey | $80,000 | $88,000 | 10.0% |
Macleay St, Frederickton | $95,000 | $105,000 | 10.5% |
Alverton St, Greenhill | $65,500 | $65,500 | 0.0% |
Frank Archibald St, Greenhill | $25,000 | $25,000 | 0.0% |
Straight St, Hat Head | $300,000 | $340,000 | 13.3% |
Kundabung Rd, Kundabung | $140,000 | $150,000 | 7.1% |
Belmore St, Smithtown | $100,000 | $108,000 | 8.0% |
Blairs Lane, South Kempsey | $120,000 | $130,000 | 8.3% |
Lachlan St, South Kempsey | $44,000 | $49,000 | 11.4% |
Nicholson St, South Kempsey | $60,000 | $65,000 | 8.3% |
Colonial Cres, South West Rocks | $180,000 | $195,000 | 8.3% |
Eric Fittler Pl, South West Rocks | $160,000 | $170,000 | 6.3% |
Steve Eagleton Dr, South West Rocks | $405,000 | $460,000 | 13.6% |
Ninth Ave, Stuarts Point | $105,000 | $125,000 | 19.1% |
Broughton St, West Kempsey | $62,500 | $68,000 | 8.8% |
Armidale Rd, Willawarrin | $55,000 | $55,000 | 0.0% |
Commercial land values
Commercial overview
Overall commercial land values have shown a moderate increase with varying trends in different localities.
Commercial land values, in and around Kempsey township, have remained steady between 2017 and 2018 with limited levels of demand existing in the market for commercial property. This signals a continuation of the trend that has persisted in this locality since the completion and opening of the Pacific Highway Kempsey bypass in 2013.
There has however, been a strong increase in commercial land values in the popular coastal tourist township of South West Rocks. This is primarily attributed to continued strong levels of demand for a limited supply of available properties.
Similarly, commercial property land values in the small coastal township of Crescent Head have shown a moderate increase in a trend closely mirroring that of the surrounding residential property sector.
Typical commercial land values
Address | 01 Jul 2017 | 01 Jul 2018 | % change |
---|---|---|---|
East St, Crescent Head | $330,000 | $350,000 | 6.1% |
Belgrave St, Kempsey | $119,000 | $120,000 | 0.8% |
Forth St, Kempsey | $70,000 | $70,000 | 0.0% |
Smith St, Kempsey | $180,000 | $180,000 | 0.0% |
Smith St, Kempsey | $190,000 | $190,000 | 0.0% |
Lachlan St, South Kempsey | $72,500 | $72,500 | 0.0% |
Macleay Valley Way, South Kempsey | $155,000 | $155,000 | 0.0% |
Memorial Ave, South West Rocks | $425,000 | $510,000 | 20.0% |
Tozer St, West Kempsey | $85,000 | $85,000 | 0.0% |
Industrial land values
Industrial overview
Industrial land values throughout the Kempsey local government area have remained steady over the 2017 to 2018 period. Continued low levels of demand, in a market predominantly geared towards smaller local service industries, is the main factor contributing to steady value levels.
Typical industrial land values
Address | 01 Jul 2017 | 01 Jul 2018 | % change |
---|---|---|---|
Nance Rd, South Kempsey | $111,000 | $111,000 | 0.0% |
Frederick Kelly St, South West Rocks | $190,000 | $190,000 | 0.0% |
Rural land values
Rural overview
The rural land market within the Kempsey local government area has shown a moderate increase in value levels over the period 2017 to 2018. Land value increases have been reasonably consistent across all classes of rural property. However, rural home sites, hobby farms and prime grazing lands situated on the lower Macleay River coastal plain, having close proximity to established urban area amenities, have generally shown slightly greater increases due to higher levels of demand in comparison to the more isolated upper valley rural localities.
Small rural home sites in Kundabung have remained steady due to subdued levels of demand for a limited supply of property in these localities.
Typical rural land values
Address | 01 Jul 2017 | 01 Jul 2018 | % change |
---|---|---|---|
Pacific Hwy, Barraganyatti | $156,000 | $172,000 | 10.3% |
Nulla Nulla Creek Rd, Bellbrook | $240,000 | $260,000 | 8.3% |
Pacific Hwy, Clybucca | $250,000 | $275,000 | 10.0% |
Chain O Ponds Rd, Collombatti | $150,000 | $165,000 | 10.0% |
Kemps Accs, Collombatti | $137,000 | $151,000 | 10.2% |
Rocky Rd, Collombatti | $145,000 | $158,000 | 9.0% |
Maria River Rd, Crescent Head | $205,000 | $225,000 | 9.8% |
Maria River Rd, Crescent Head | $240,000 | $260,000 | 8.3% |
Battles Outlet Rd, Dondingalong | $175,000 | $185,000 | 5.7% |
Pipers Creek Rd, Dondingalong | $125,000 | $135,000 | 8.0% |
Marys Bay Rd, Euroka | $190,000 | $200,000 | 5.3% |
Spooners Ave, Greenhill | $150,000 | $165,000 | 10.0% |
Lilli Pilli Rd, Kundabung | $175,000 | $175,000 | 0.0% |
Smiths Creek Rd, Kundabung | $180,000 | $190,000 | 5.6% |
Smithtown Rd, Seven Oaks | $162,000 | $180,000 | 11.1% |
Summer Island Rd, Summer Island | $584,000 | $640,000 | 9.6% |
Warbro Brook Rd, Toorooka | $120,000 | $126,000 | 5.0% |
Verges Creek Rd, Verges Creek | $210,000 | $230,000 | 9.5% |
Eight Mile Creek Rd, Wittitrin | $127,000 | $135,000 | 6.3% |
Maple Rd, Yarrahapinni | $210,000 | $225,000 | 7.1% |
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.