Land values in the Blue Mountains local government area
Sydney West region
General overview
There were strong increases in land values across the Blue Mountains local government area between 2017 and 2018 which was consistent across the residential and rural market segments. Commercial properties showed a slight increase with industrial properties showed a moderate increase.
The strong increases in land values were attributed to good demand for properties across residential, industrial and rural zoned land, the completion of the Great Western Highway upgrade and improvements to rail infrastructure on the Blue Mountains line which have improved accessibility for transport and commuters across the local government area.
Land value trends
| Property zone | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Residential | $10,325,418,269 | $12,040,271,041 | 16.6% |
| Commercial | $325,192,010 | $338,155,710 | 4.0% |
| Industrial | $93,494,290 | $100,007,210 | 7.0% |
| Rural | $195,456,200 | $237,068,670 | 21.3% |
| Other | $459,797,684 | $539,407,720 | 17.3% |
| Total | $11,399,358,453 | $13,254,910,351 | 16.3% |
Number of properties by zone
Total number of properties: 37,043
Residential land values
Residential overview
Overall the strong increase in residential land values was largely driven by improved accessibility for transport and commuters and the relative affordability compared to fringe areas of greater Western Sydney. There has also been increased demand for larger residential and rural lifestyle properties across the local government area.
Land values for environmental zoned properties in Winmalee and Yellow Rock in the lower Blue Mountains have remained steady. This is due to the location on the north eastern fringe of the local government area and being further away from the Great Western Highway, public transport and amenities.
Springwood in the lower Blue Mountains has seen land values remain steady generally. However, some properties at North Springwood showed strong increases.
Strong increases in land values were shown in the townships along the Great Western Highway at Blaxland, Blackheath, Faulconbridge, Glenbrook, Hazelbrook, Katoomba and Leura.
Very strong increases in land values were shown at Mount Victoria on the western fringe of the local government area. The past year has seen an increase in demand for properties, especially those close to the station. The strong increase has been driven by the completion of the Great Western Highway through to Mount Victoria.
Medium density residential properties at Blaxland, Hazelbrook, Lawson, Blackheath, Katoomba and Leura have seen moderate increases in land values.
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 |
|---|---|---|---|
| Hat Hill Rd, Blackheath | $249,000 | $297,000 | 19.3% |
| Inconstant St, Blackheath | $268,000 | $311,000 | 16.0% |
| Mountbatten St, Blackheath | $229,000 | $274,000 | 19.7% |
| Station St, Blackheath | $237,000 | $284,000 | 19.8% |
| Boynton St, Blaxland | $372,000 | $449,000 | 20.7% |
| Hersey St, Blaxland | $354,000 | $424,000 | 19.8% |
| Robertswood Ave, Blaxland | $388,000 | $426,000 | 9.8% |
| Wattlecliffe Dr, Blaxland | $290,000 | $319,000 | 10.0% |
| Winnicoopa Rd, Blaxland | $369,000 | $413,000 | 11.9% |
| Edwin Rd, Bullaburra | $234,000 | $279,000 | 19.2% |
| Kalinda Rd, Bullaburra | $206,000 | $248,000 | 20.4% |
| Great Western Hwy, Faulconbridge | $263,000 | $286,000 | 8.8% |
| Shirlow Ave, Faulconbridge | $238,000 | $284,000 | 19.3% |
| St Georges Cres, Faulconbridge | $255,000 | $323,000 | 26.7% |
| Lucasville Rd, Glenbrook | $489,000 | $577,000 | 18.0% |
| Surveyor Abbot Dr, Glenbrook | $418,000 | $447,000 | 6.9% |
| Walters Ave, Glenbrook | $464,000 | $553,000 | 19.2% |
| Roberts Pde, Hawkesbury Heights | $235,000 | $305,000 | 29.8% |
| Blue Hills Rd, Hazelbrook | $220,000 | $263,000 | 19.6% |
| Oaklands Rd, Hazelbrook | $269,000 | $296,000 | 10.0% |
| Talbot Rd, Hazelbrook | $246,000 | $269,000 | 9.4% |
| Albion St, Katoomba | $256,000 | $318,000 | 24.2% |
| Camp St, Katoomba | $231,000 | $243,000 | 5.2% |
| Katoomba St, Katoomba | $285,000 | $371,000 | 30.2% |
| Minni Ha Ha Rd, Katoomba | $190,000 | $261,000 | 37.4% |
| Parke St, Katoomba | $263,000 | $279,000 | 6.1% |
| Warriga St, Katoomba | $250,000 | $275,000 | 10.0% |
| Gregory Tce, Lapstone | $387,000 | $402,000 | 3.9% |
| Allen St, Lawson | $265,000 | $286,000 | 7.9% |
| Benang St, Lawson | $280,000 | $308,000 | 10.0% |
| Christabel St, Lawson | $273,000 | $316,000 | 15.8% |
| Hay St, Lawson | $245,000 | $267,000 | 9.0% |
| Craigend St, Leura | $312,000 | $358,000 | 14.7% |
| Craigend St, Leura | $380,000 | $423,000 | 11.3% |
| Great Western Hwy, Leura | $204,000 | $214,000 | 4.9% |
| Mount St, Leura | $295,000 | $401,000 | 35.9% |
| Winston St, Leura | $305,000 | $336,000 | 10.2% |
| Glossop Rd, Linden | $234,000 | $276,000 | 18.0% |
| Sheila St, Medlow Bath | $196,000 | $251,000 | 28.1% |
| Bellereeve Ave, Mount Riverview | $314,000 | $346,000 | 10.2% |
| Panorama Cres, Mount Riverview | $271,000 | $311,000 | 14.8% |
| Monmouth St, Mount Victoria | $120,000 | $209,000 | 74.2% |
| Victoria St, Mount Victoria | $162,000 | $175,000 | 8.0% |
| Huntley Grange Rd, Springwood | $304,000 | $361,000 | 18.8% |
| Moorecourt Ave, Springwood | $344,000 | $392,000 | 14.0% |
| Picnic Glen, Springwood | $296,000 | $345,000 | 16.6% |
| Pitt St, Springwood | $403,000 | $403,000 | 0.0% |
| Scott St, Springwood | $385,000 | $385,000 | 0.0% |
| Springfield Cres, Springwood | $294,000 | $351,000 | 19.4% |
| Springwood Ave, Springwood | $377,000 | $395,000 | 4.8% |
| Russell Ave, Valley Heights | $296,000 | $396,000 | 33.8% |
| Arthur St, Warrimoo | $251,000 | $274,000 | 9.2% |
| Rickard Rd, Warrimoo | $291,000 | $340,000 | 16.8% |
| Victoria St, Warrimoo | $255,000 | $278,000 | 9.0% |
| Backhouse St, Wentworth Falls | $379,000 | $409,000 | 7.9% |
| Cascade St, Wentworth Falls | $254,000 | $285,000 | 12.2% |
| Mclaughlin Ave, Wentworth Falls | $355,000 | $373,000 | 5.1% |
| Panorama Cres, Wentworth Falls | $284,000 | $329,000 | 15.9% |
| Buena Vista Rd, Winmalee | $293,000 | $293,000 | 0.0% |
| Muru Ave, Winmalee | $263,000 | $309,000 | 17.5% |
| Paulwood Ave, Winmalee | $300,000 | $300,000 | 0.0% |
| Forest Glen Rd, Woodford | $236,000 | $292,000 | 23.7% |
Commercial land values
Commercial overview
There were slight increases in commercial land values across the Blue Mountains local government area between 2017 and 2018. The exception to this were business zoned properties in Blackheath and Mt Victoria which showed strong increases in land values. This was due to improved infrastructure and the completion to the upgrade of the Great Western Highway.
Typical commercial land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Great Western Hwy, Faulconbridge | $200,000 | $210,000 | 5.0% |
| Park St, Glenbrook | $396,000 | $416,000 | 5.1% |
| Rosedale Ave, Hazelbrook | $272,000 | $286,000 | 5.2% |
| Katoomba St, Katoomba | $409,000 | $429,000 | 4.9% |
| Adeline St, Lawson | $210,000 | $210,000 | 0.0% |
| Montgomery St, Mount Victoria | $115,000 | $130,000 | 13.0% |
| Macquarie Rd, Springwood | $607,000 | $607,000 | 0.0% |
Industrial land values
Industrial overview
There were moderate increases in light industrial land values at Katoomba between 2017 and 2018. The general industrial zones throughout the local government area showed only slight land value increases.
Typical industrial land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Cooper St, Katoomba | $170,000 | $175,000 | 2.9% |
| Mort St, Katoomba | $205,000 | $236,000 | 15.1% |
| Peninsula Rd, Valley Heights | $345,000 | $355,000 | 2.9% |
Rural land values
Rural overview
There have been strong increases in land values in both the rural lifestyle and small rural holdings. The lifestyle property market in the Blue Mountains has been particularly good over the past year compared to the majority of fringe Sydney rural properties. Land values are generally lower in the Blue Mountains local government area and properties are considered to be more affordable.
Typical rural land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Peach Tree Rd, Megalong Valley | $377,000 | $466,000 | 23.6% |
| Mount Irvine Rd, Mount Wilson | $394,000 | $453,000 | 15.0% |
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.