Land values in the Kyogle local government area
North Coast region
General overview
The was a strong increase in land values across the Kyogle local government area between 2017 and 2018, driven by the strong increase in rural land values which make up the greater part of property values for the area. Residential, commercial and industrial land values remained steady.
Local drivers included demand from out of area purchasers, the affordability of rural production land in this locality, together with its proximity to the Ggeater Brisbane area.
Land value trends
| Property zone | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Residential | $179,592,830 | $180,083,930 | 0.3% |
| Commercial | $14,161,900 | $14,161,900 | 0.0% |
| Industrial | $4,202,000 | $4,202,000 | 0.0% |
| Rural | $940,540,410 | $1,066,804,270 | 13.4% |
| Other | $5,136,650 | $5,136,650 | 0.0% |
| Total | $1,143,633,790 | $1,270,388,750 | 11.1% |
Number of properties by zone
Total number of properties: 5,339
Residential land values
Residential overview
Residential land values in Kyogle remained steady remained steady between 2017 and 2018 due to well-balanced supply and 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 |
|---|---|---|---|
| Sandilands St, Bonalbo | $25,700 | $25,700 | 0.0% |
| Kyogle Rd, Cawongla | $90,200 | $90,200 | 0.0% |
| William St, Geneva | $110,000 | $110,000 | 0.0% |
| Colin St, Kyogle | $97,000 | $97,000 | 0.0% |
| Ettrick St, Kyogle | $145,000 | $145,000 | 0.0% |
| Hill St, Kyogle | $144,000 | $144,000 | 0.0% |
| Norton St, Kyogle | $51,500 | $51,500 | 0.0% |
| Summerland Way, Kyogle | $50,000 | $50,000 | 0.0% |
| Wyangarie St, Kyogle | $118,000 | $118,000 | 0.0% |
| Tooloom St, Mallanganee | $28,900 | $28,900 | 0.0% |
| Eagle Ct, New Park | $115,000 | $115,000 | 0.0% |
| Prince St, Old Bonalbo | $19,800 | $19,800 | 0.0% |
| Lawrence St, Tabulam | $31,800 | $31,800 | 0.0% |
| Kunghur St, Wiangaree | $130,000 | $130,000 | 0.0% |
| Worendo St, Wiangaree | $57,700 | $57,700 | 0.0% |
| Richmond St, Woodenbong | $39,100 | $39,100 | 0.0% |
Commercial land values
Commercial overview
Commercial land values in Kyogle local government area have continued to remain steady between 2017 and 2018, with demand meeting supply.
Typical commercial land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Summerland Way, Kyogle | $151,000 | $151,000 | 0.0% |
Industrial land values
Industrial overview
The limited Kyogle industrial zone remained steady over the past year, with little demand for this property type.
Typical industrial land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Craig St, Kyogle | $160,000 | $160,000 | 0.0% |
| Kyogle Rd, Little Back Creek | $265,000 | $265,000 | 0.0% |
Rural land values
Rural overview
Rural land values across the Kyogle local government area generally showed a strong increase. This was due to the strong demand for primary production properties.
Demand for primary production properties has been influenced by strong commodity prices into early 2018, improving transport corridors to Brisbane as well as the drought having less impact in this locality.
Land values for hobby farms east of the Richmond Range showed a slight increase, while hobby farm land values west of the Richmond Range, Jiggi and Hanging Rock remained steady due to a lower demand in these localities.
Smaller rural-residential properties east and west of the Richmond Range remained steady due to well balanced supply and demand.
Typical rural land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Creegans Rd, Barkers Vale | $261,000 | $261,000 | 0.0% |
| Lilly Pilly Lane, Barkers Vale | $207,000 | $207,000 | 0.0% |
| Cawongla Rd, Cawongla | $292,000 | $292,000 | 0.0% |
| Kyogle Rd, Cawongla | $216,000 | $216,000 | 0.0% |
| Collins Creek Rd, Collins Creek | $163,000 | $163,000 | 0.0% |
| Collins Creek Rd, Collins Creek | $174,000 | $174,000 | 0.0% |
| Walsh Rd, Dyraaba | $441,000 | $530,000 | 20.2% |
| Elliotts Rd, Green Pigeon | $282,000 | $295,000 | 4.6% |
| Lofts Pinnacle Rd, Lillian Rock | $219,000 | $219,000 | 0.0% |
| Gradys Creek Rd, Loadstone | $256,000 | $319,000 | 24.6% |
| Sandilands St, Mallanganee | $33,400 | $33,400 | 0.0% |
| Sandilands St, Mallanganee | $405,000 | $505,000 | 24.7% |
| Bruxner Hwy, Sandilands | $80,900 | $80,900 | 0.0% |
| Wallaby Rd, Tabulam | $132,000 | $145,000 | 9.9% |
| Homeleigh Rd, Upper Horseshoe Creek | $243,000 | $254,000 | 4.5% |
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.