Land values in the Lismore local government area
North Coast region
General overview
Land values in Lismore local government area increased moderately between 2017 and 2018. This trend was consistently reflected in the residential and rural sectors.
Commercial land values increased slightly and industrial land values remained steady.
Land value trends
| Property zone | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Residential | $1,927,997,981 | $2,108,178,881 | 9.4% |
| Commercial | $185,865,118 | $194,101,631 | 4.4% |
| Industrial | $91,367,070 | $92,321,450 | 1.0% |
| Rural | $1,485,291,210 | $1,625,103,800 | 9.4% |
| Other | $70,193,740 | $72,730,300 | 3.6% |
| Total | $3,760,715,119 | $4,092,436,062 | 8.8% |
Number of properties by zone
Total number of properties: 18,227
Residential land values
Residential overview
Residential land values increased moderately, due to demand for more affordable properties than in coastal areas. This occurred in Lismore and
villages throughout the local government area.
Properties in the Lismore basin showed the greatest increase, recovering from the March 2017 flood.
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 |
|---|---|---|---|
| Gardenia Cres, Caniaba | $145,000 | $160,000 | 10.3% |
| Main St, Clunes | $185,000 | $200,000 | 8.1% |
| Dalley St, East Lismore | $150,000 | $164,000 | 9.3% |
| Military Rd, East Lismore | $124,000 | $130,000 | 4.8% |
| Alison Ave, Goonellabah | $115,000 | $130,000 | 13.0% |
| Ashgrove Dr, Goonellabah | $155,000 | $170,000 | 9.7% |
| Dudley Dr, Goonellabah | $165,000 | $180,000 | 9.1% |
| Duke St, Goonellabah | $110,000 | $125,000 | 13.6% |
| Greenhills Dr, Goonellabah | $150,000 | $165,000 | 10.0% |
| Greenhills Dr, Goonellabah | $210,000 | $220,000 | 4.8% |
| Holmesleigh Dr, Goonellabah | $150,000 | $165,000 | 10.0% |
| Mcdermott Ave, Goonellabah | $240,000 | $250,000 | 4.2% |
| Sunset Dr, Goonellabah | $135,000 | $150,000 | 11.1% |
| Dawson St, Lismore | $363,000 | $370,000 | 1.9% |
| Ewing St, Lismore | $190,000 | $200,000 | 5.3% |
| Magellan St, Lismore | $115,000 | $130,000 | 13.0% |
| Mckenzie St, Lismore | $125,000 | $150,000 | 20.0% |
| Millar St, Lismore Heights | $15,000 | $16,500 | 10.0% |
| Robrown Dr, Lismore Heights | $140,000 | $155,000 | 10.7% |
| Dunromin Dr, Modanville | $250,000 | $262,000 | 4.8% |
| Silky Oak Dr, Nimbin | $200,000 | $225,000 | 12.5% |
| Thorburn St, Nimbin | $150,000 | $165,000 | 10.0% |
| Pine St, North Lismore | $100,000 | $110,000 | 10.0% |
| Bank St, North Woodburn | $150,000 | $165,000 | 10.0% |
| Crown St, South Lismore | $110,000 | $120,000 | 9.1% |
| Bridge St, Wyrallah | $145,000 | $160,000 | 10.3% |
Commercial land values
Commercial overview
Commercial land values showed a slight increase compared with higher demand in adjoining coastal areas. The market is still recovering from the March 2017 flood with many businesses not recommencing operations until late in 2017.
Typical commercial land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Wyrallah Rd, East Lismore | $152,000 | $160,000 | 5.3% |
| Brewster St, Lismore | $130,000 | $134,000 | 3.1% |
| Magellan St, Lismore | $170,000 | $175,000 | 2.9% |
| Woodlark St, Lismore | $170,000 | $175,000 | 2.9% |
| Woodlark St, Lismore | $1,230,000 | $1,300,000 | 5.7% |
| Union St, South Lismore | $85,400 | $90,000 | 5.4% |
| Union St, South Lismore | $178,000 | $185,000 | 3.9% |
Industrial land values
Industrial overview
Overall, industrial land values have remained steady between 2017 and 2018 in the localities of Lismore and Goonellabah with well balanced supply and demand.
Light industrial land in Lismore has shown a moderate increase in land values and demand following the 2017 flood event in Lismore.
Typical industrial land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Junction St, East Lismore | $110,000 | $115,000 | 4.6% |
| Holland St, Goonellabah | $170,000 | $170,000 | 0.0% |
| Habib Dr, South Lismore | $160,000 | $160,000 | 0.0% |
Rural land values
Rural overview
Rural land values showed a moderate increase between 2017 and 2018. Proximity to Brisbane and relative affordability compared with the Byron market, have influenced an increased demand for smaller home sites, hobby farms and farming land.
Typical rural land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Arthur Rd, Corndale | $375,000 | $412,000 | 9.9% |
| Corndale Rd, Corndale | $565,000 | $620,000 | 9.7% |
| Nimbin Rd, Goolmangar | $200,000 | $220,000 | 10.0% |
| Leycester Rd, Leycester | $265,000 | $290,000 | 9.4% |
| Alphadale Rd, Lindendale | $310,000 | $340,000 | 9.7% |
| Lindendale Rd, Lindendale | $625,000 | $660,000 | 5.6% |
| Cook Rd, Marom Creek | $453,000 | $500,000 | 10.4% |
| River Bank Rd, Monaltrie | $475,000 | $520,000 | 9.5% |
| Blade Rd, Nimbin | $325,000 | $355,000 | 9.2% |
| Wotherspoon St, North Lismore | $90,000 | $94,000 | 4.4% |
| Duncan Rd, Numulgi | $275,000 | $300,000 | 9.1% |
| Humpty Back Rd, Pearces Creek | $28,000 | $30,000 | 7.1% |
| Parrots Nest Rd, South Gundurimba | $220,000 | $240,000 | 9.1% |
| Terania Creek Rd, Terania Creek | $284,000 | $320,000 | 12.7% |
| Grennan Rd, Tregeagle | $395,000 | $430,000 | 8.9% |
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.