Land values in the Tweed local government area
North Coast region
General overview
There was a strong increase in land values across the Tweed local government area between 2017 and 2018, driven by the strong increase in residential and commercial land values. Industrial land values increased very strongly, while rural land values increased moderately.
The increase in land values was driven by high demand for the limited supply of properties on the market, together with the strong tourism industry and low interest rates.
Land value trends
| Property zone | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Residential | $10,058,716,760 | $11,127,426,610 | 10.6% |
| Commercial | $587,525,311 | $663,379,231 | 12.9% |
| Industrial | $142,402,900 | $180,114,430 | 26.5% |
| Rural | $2,064,328,600 | $2,247,663,080 | 8.9% |
| Other | $391,558,810 | $409,396,280 | 4.6% |
| Total | $13,244,532,381 | $14,627,979,631 | 10.5% |
Number of properties by zone
Total number of properties: 31,132
Residential land values
Residential overview
There was a strong increase in residential land values across the Tweed Local Government Area. Increases were mainly due to high demand for a limited supply of properties with a diminishing supply of new land releases, particularly along the coast.
There was a slight increase in land values for non-beachfront properties at Fingal and Cabarita Beach, while land values for non-beachfront properties within close proximity to the beach at Pottsville and Hastings Point remained steady. Residential unit site land values at Tweed Heads have increased slightly due to a lower demand for this property type.
Land values in villages and rural residential areas generally increased slightly due to steady 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 |
|---|---|---|---|
| Advocate Pl, Banora Point | $230,000 | $235,000 | 2.2% |
| Amaroo Dr, Banora Point | $2,440,000 | $2,600,000 | 6.6% |
| Avondale Dr, Banora Point | $300,000 | $340,000 | 13.3% |
| Biby Pl, Banora Point | $270,000 | $296,000 | 9.6% |
| Fraser Dr, Banora Point | $1,400,000 | $1,400,000 | 0.0% |
| Grassmere Ct, Banora Point | $305,000 | $320,000 | 4.9% |
| Laura St, Banora Point | $286,000 | $332,000 | 16.1% |
| Leisure Dr, Banora Point | $1,300,000 | $1,300,000 | 0.0% |
| Monterey Ave, Banora Point | $1,990,000 | $2,000,000 | 0.5% |
| Urliup Rd, Bilambil | $280,000 | $305,000 | 8.9% |
| Marana St, Bilambil Heights | $255,000 | $270,000 | 5.9% |
| Scenic Dr, Bilambil Heights | $480,000 | $500,000 | 4.2% |
| Sandalwood Dr, Bogangar | $390,000 | $445,000 | 14.1% |
| Towners Ave, Bogangar | $475,000 | $540,000 | 13.7% |
| Tweed Valley Way, Burringbar | $200,000 | $245,000 | 22.5% |
| Beech Lane, Casuarina | $850,000 | $900,000 | 5.9% |
| Kamala Cres, Casuarina | $2,100,000 | $2,400,000 | 14.3% |
| Lobelia Cres, Casuarina | $505,000 | $580,000 | 14.9% |
| Pheeny Lane, Casuarina | $570,000 | $630,000 | 10.5% |
| Numinbah Rd, Chillingham | $140,000 | $160,000 | 14.3% |
| John Robb Way, Cudgen | $295,000 | $380,000 | 28.8% |
| Queen St, Fingal Head | $641,000 | $641,000 | 0.0% |
| Tweed Coast Rd, Hastings Point | $2,430,000 | $2,540,000 | 4.5% |
| Reserve Creek Rd, Kielvale | $215,000 | $245,000 | 14.0% |
| Beach St, Kingscliff | $430,000 | $500,000 | 16.3% |
| Kingscliff St, Kingscliff | $580,000 | $655,000 | 12.9% |
| Marine Pde, Kingscliff | $825,000 | $960,000 | 16.4% |
| Marine Pde, Kingscliff | $1,500,000 | $1,700,000 | 13.3% |
| Seaside Dr, Kingscliff | $395,000 | $450,000 | 13.9% |
| Sutherland St, Kingscliff | $710,000 | $820,000 | 15.5% |
| Vulcan St, Kingscliff | $550,000 | $596,000 | 8.4% |
| Brisbane St, Murwillumbah | $185,000 | $195,000 | 5.4% |
| Charles St, Murwillumbah | $175,000 | $190,000 | 8.6% |
| Harwood St, Murwillumbah | $210,000 | $225,000 | 7.1% |
| Riverview St, Murwillumbah | $200,000 | $210,000 | 5.0% |
| Tumbulgum Rd, Murwillumbah | $280,000 | $335,000 | 19.6% |
| Wagawn Dr, Murwillumbah | $205,000 | $220,000 | 7.3% |
| Kyndalyn Ct, Nunderi | $325,000 | $365,000 | 12.3% |
| Bottlebrush Dr, Pottsville | $385,000 | $400,000 | 3.9% |
| Edward Ave, Pottsville | $335,000 | $405,000 | 20.9% |
| Elanora Ave, Pottsville | $530,000 | $530,000 | 0.0% |
| Elanora Ave, Pottsville | $1,080,000 | $1,200,000 | 11.1% |
| Hampton Ct, Pottsville | $456,000 | $600,000 | 31.6% |
| Korora Pkwy, Pottsville | $85,000 | $85,000 | 0.0% |
| Macadamia Dr, Pottsville | $275,000 | $345,000 | 25.5% |
| Newcastle Dr, Pottsville | $345,000 | $390,000 | 13.0% |
| Overall Dr, Pottsville | $500,000 | $540,000 | 8.0% |
| Tweed Valley Way, South Murwillumbah | $135,000 | $160,000 | 18.5% |
| Illawong Cres, Terranora | $290,000 | $315,000 | 8.6% |
| Hill St, Tweed Heads | $1,200,000 | $1,300,000 | 8.3% |
| Ivory Cres, Tweed Heads | $585,000 | $610,000 | 4.3% |
| Keith Compton Dr, Tweed Heads | $660,000 | $730,000 | 10.6% |
| Stanley St, Tweed Heads | $450,000 | $475,000 | 5.6% |
| The Jib , Tweed Heads | $319,000 | $365,000 | 14.4% |
| Wharf St, Tweed Heads | $580,000 | $600,000 | 3.5% |
| Acacia St, Tweed Heads South | $270,000 | $310,000 | 14.8% |
| Blundell Bvd, Tweed Heads South | $265,000 | $315,000 | 18.9% |
| Champagne Dr, Tweed Heads South | $285,000 | $305,000 | 7.0% |
| Champagne Dr, Tweed Heads South | $830,000 | $830,000 | 0.0% |
| Dry Dock Rd, Tweed Heads South | $21,000 | $21,000 | 0.0% |
| Dry Dock Rd, Tweed Heads South | $380,000 | $400,000 | 5.3% |
| Minjungbal Dr, Tweed Heads South | $1,020,000 | $1,110,000 | 8.8% |
| Inlet Dr, Tweed Heads West | $300,000 | $325,000 | 8.3% |
| Myeerimba Pde, Tweed Heads West | $230,000 | $245,000 | 6.5% |
| Wyuna Rd, Tweed Heads West | $525,000 | $590,000 | 12.4% |
Commercial land values
Commercial overview
There was a strong increase in commercial land values across Tweed local government area due to high investor demand, driven by low interest rates and strong interest from owner occupiers.
Commercial land values in Murwillumbah and Tweed Heads southern fringe increased slightly due to steady demand. Commercial land values in South Murwillumbah remained steady due to the significantly flood prone nature of the area and lingering impact of the March 2017 floods.
Typical commercial land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Tweed Coast Rd, Bogangar | $678,000 | $730,000 | 7.7% |
| Murwillumbah St, Murwillumbah | $320,000 | $325,000 | 1.6% |
| Prospero St, South Murwillumbah | $145,000 | $145,000 | 0.0% |
| Wharf St, Tweed Heads | $535,000 | $570,000 | 6.5% |
| Minjungbal Dr, Tweed Heads South | $800,000 | $980,000 | 22.5% |
| Kennedy Dr, Tweed Heads West | $395,000 | $420,000 | 6.3% |
| Wollemi Pl, Tweed Heads West | $10,000,000 | $10,000,000 | 0.0% |
Industrial land values
Industrial overview
Industrial land values increased very strongly overall, with firm demand and limited supply of industrial property in Tweed Heads and Tweed Heads West.
Land values in Industry Central estate at South Murwillumbah increased very strongly due to improved demand for flood free land and reducing supply as land in the estate has been taken up.
The value of flood prone industrial land in South Murwillumbah increased slightly, however the value of sites that were the worst affected by the March 2017 floods remained steady.
Typical industrial land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Morton St, Chinderah | $935,000 | $1,100,000 | 17.7% |
| Honeyeater Cct, South Murwillumbah | $355,000 | $640,000 | 80.3% |
| Mayfield St, South Murwillumbah | $320,000 | $320,000 | 0.0% |
| Ourimbah Rd, Tweed Heads | $900,000 | $1,150,000 | 27.8% |
| River Tce, Tweed Heads | $160,000 | $160,000 | 0.0% |
Rural land values
Rural overview
Rural land values increased moderately in the Tweed local government area. The increase in land values for rural properties in Tweed local government area can be attributed to increased demand for rural home sites.
Land values for sugar cane land remained steady. The impact of the March 2017 floods remains a moderating impact on value levels in general.
Typical rural land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Biral Cl, Bilambil | $500,000 | $510,000 | 2.0% |
| Harwood Rd, Burringbar | $575,000 | $590,000 | 2.6% |
| Boulder Cl, Byangum | $300,000 | $330,000 | 10.0% |
| Mcleod St, Condong | $52,000 | $52,000 | 0.0% |
| Crescent St, Cudgen | $5,000,000 | $5,400,000 | 8.0% |
| Reardons Rd, Cudgen | $1,100,000 | $1,230,000 | 11.8% |
| Eviron Rd, Duranbah | $375,000 | $400,000 | 6.7% |
| Everests Rd, Eungella | $400,000 | $435,000 | 8.8% |
| Elrond Dr, Kingscliff | $100,000 | $125,000 | 25.0% |
| Elrond Dr, Kingscliff | $900,000 | $1,150,000 | 27.8% |
| Kyogle Rd, Kunghur | $110,000 | $116,000 | 5.5% |
| Limpinwood Rd, Limpinwood | $300,000 | $330,000 | 10.0% |
| Pottsville Rd, Mooball | $860,000 | $950,000 | 10.5% |
| Birrigan Cl, Nobbys Creek | $530,000 | $560,000 | 5.7% |
| North Arm Rd, North Arm | $310,000 | $345,000 | 11.3% |
| Numinbah Rd, Numinbah | $395,000 | $440,000 | 11.4% |
| Reserve Creek Rd, Reserve Creek | $400,000 | $450,000 | 12.5% |
| Ryans Rd, Smiths Creek | $410,000 | $435,000 | 6.1% |
| Tomewin Rd, Tomewin | $27,000 | $27,000 | 0.0% |
| Charbray Pl, Tyalgum | $350,000 | $390,000 | 11.4% |
| Hoggs Rd, Tyalgum Creek | $610,000 | $660,000 | 8.2% |
| Tumbulgum Rd, Tygalgah | $544,000 | $540,000 | -0.7% |
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.