Land values in the Clarence Valley local government area
North Coast region
General overview
There was a moderate increase in land values across Clarence Valley local government area between 2017 and 2018, with this trend reflected across all market segments except for industrial land values which showed a slight increase.
Out of area purchasers influenced the demand for residential and rural residential properties.
Other local drivers included the ongoing construction of the Pacific Highway upgrade, which is continuing to decrease travel times to Coffs Harbour and Brisbane, as well as increased demand for affordable rural and industrial land with good access to markets.
Land value trends
Property zone | 01 Jul 2017 | 01 Jul 2018 | % change |
---|---|---|---|
Residential | $2,992,230,133 | $3,289,650,908 | 9.9% |
Commercial | $207,995,700 | $220,319,010 | 5.9% |
Industrial | $85,926,600 | $88,724,890 | 3.3% |
Rural | $1,591,717,028 | $1,743,915,639 | 9.6% |
Other | $202,309,660 | $221,268,940 | 9.4% |
Total | $5,080,179,121 | $5,563,879,387 | 9.5% |
Number of properties by zone
Total number of properties: 25,883
Residential land values
Residential overview
Residential land values in Clarence Valley local government area increased moderately between 2017 and 2018, with the continued demand from out of area purchasers. The exception being steady values in Junction Hill due to a balanced supply and demand in this locality.
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 |
---|---|---|---|
Crisp Dr, Ashby Heights | $138,000 | $150,000 | 8.7% |
Honeysuckle St, Brooms Head | $231,000 | $250,000 | 8.2% |
Ocean Rd, Brooms Head | $419,000 | $450,000 | 7.4% |
Burragan Rd, Coutts Crossing | $127,000 | $140,000 | 10.2% |
Kerrani Pl, Coutts Crossing | $76,000 | $85,100 | 12.0% |
East Bank Rd, Glenreagh | $120,000 | $132,000 | 10.0% |
James St, Glenreagh | $100,000 | $110,000 | 10.0% |
Arthur St, Grafton | $104,000 | $110,000 | 5.8% |
Pound St, Grafton | $128,000 | $144,000 | 12.5% |
Victoria St, Grafton | $277,000 | $310,000 | 11.9% |
Rosella Rd, Gulmarrad | $160,000 | $170,000 | 6.3% |
Sovereign St, Iluka | $202,000 | $220,000 | 8.9% |
Edgecombe Ave, Junction Hill | $121,000 | $121,000 | 0.0% |
Havelock St, Lawrence | $108,000 | $110,000 | 1.9% |
Central Ave, Maclean | $114,000 | $124,000 | 8.8% |
Clarence St, Maclean | $122,000 | $134,000 | 9.8% |
Fairway Dr, South Grafton | $528,000 | $555,000 | 5.1% |
Kennedy St, South Grafton | $39,600 | $43,100 | 8.8% |
Rushforth Rd, South Grafton | $154,000 | $169,000 | 9.7% |
Ryan St, South Grafton | $60,200 | $65,000 | 8.0% |
Tyson St, South Grafton | $600,000 | $630,000 | 5.0% |
Pacific Hwy, Swan Creek | $74,000 | $81,400 | 10.0% |
Plater Cres, Townsend | $113,000 | $125,000 | 10.6% |
Scullin St, Townsend | $420,000 | $440,000 | 4.8% |
Cordini St, Tucabia | $90,000 | $100,000 | 11.1% |
King St, Ulmarra | $75,000 | $82,500 | 10.0% |
Waterview Cres, Woombah | $172,000 | $198,000 | 15.1% |
Beach St, Yamba | $343,000 | $395,000 | 15.2% |
Grevillia Ave, Yamba | $210,000 | $240,000 | 14.3% |
Harwood St, Yamba | $405,000 | $440,000 | 8.6% |
William Ave, Yamba | $250,000 | $275,000 | 10.0% |
Commercial land values
Commercial overview
Commercial land values showed a moderate increase across the local government area due to increased demand. This trend is being influenced by a number of ongoing construction projects including the Pacific Highway upgrade, the additional bridge over the Clarence River at Grafton and the Clarence Correctional Centre at Lavadia.
Typical commercial land values
Address | 01 Jul 2017 | 01 Jul 2018 | % change |
---|---|---|---|
Duke St, Grafton | $105,000 | $110,000 | 4.8% |
Pound St, Grafton | $157,000 | $165,000 | 5.1% |
Pound St, Grafton | $1,470,000 | $1,500,000 | 2.0% |
Prince St, Grafton | $172,000 | $175,000 | 1.7% |
Charles St, Iluka | $250,000 | $265,000 | 6.0% |
Centenary Dr, Maclean | $229,000 | $240,000 | 4.8% |
Hunter St, South Grafton | $60,000 | $65,000 | 8.3% |
Ryan St, South Grafton | $519,000 | $547,000 | 5.4% |
Schwinghammer St, South Grafton | $75,100 | $80,000 | 6.5% |
Spring St, South Grafton | $62,100 | $65,200 | 5.0% |
Coldstream St, Ulmarra | $95,000 | $100,000 | 5.3% |
Yamba St, Yamba | $427,000 | $475,000 | 11.2% |
Industrial land values
Industrial overview
Industrial land values showed a slight increase with easing demand after values increased moderately in 2017.
Typical industrial land values
Address | 01 Jul 2017 | 01 Jul 2018 | % change |
---|---|---|---|
Turf St, Grafton | $92,400 | $95,100 | 2.9% |
River St, Harwood | $10,200 | $10,200 | 0.0% |
Heber St, South Grafton | $69,300 | $71,300 | 2.9% |
Induna St, South Grafton | $128,000 | $132,000 | 3.1% |
Uki St, Yamba | $250,000 | $260,000 | 4.0% |
Rural land values
Rural overview
Rural land values for both rural home sites and larger properties showed a moderate increase in land values, driven by demand for affordable property as compared with Coffs Harbour and Ballina.
Larger rural properties north and west of Grafton remained steady due to a lower demand in these localities.
Typical rural land values
Address | 01 Jul 2017 | 01 Jul 2018 | % change |
---|---|---|---|
Schultz Rd, Billys Creek | $120,000 | $132,000 | 10.0% |
Poley House Rd, Braunstone | $10,300 | $10,800 | 4.9% |
Four Mile Lane, Clarenza | $177,000 | $194,000 | 9.6% |
Coaldale Rd, Coaldale | $320,000 | $320,000 | 0.0% |
Coombadjha Rd, Coombadjha | $558,000 | $615,000 | 10.2% |
Armidale Rd, Dundurrabin | $160,000 | $176,000 | 10.0% |
Airport Rd, Glenugie | $175,000 | $192,000 | 9.7% |
Goodwood Island Rd, Goodwood Island | $195,000 | $215,000 | 10.3% |
Prince St, Grafton | $691,000 | $725,000 | 4.9% |
Cedar Log Rd, Hernani | $13,000 | $14,500 | 11.5% |
Florda Red Dr, Lanitza | $165,000 | $181,000 | 9.7% |
Lewis Lane, Mororo | $310,000 | $341,000 | 10.0% |
Whiteman Creek Rd, Mylneford | $130,000 | $145,000 | 11.5% |
Boundary Creek Rd, Nymboida | $325,000 | $360,000 | 10.8% |
Ski Lodge Rd, Seelands | $315,000 | $350,000 | 11.1% |
Lawrence Rd, Southgate | $200,000 | $220,000 | 10.0% |
Armidale Rd, Tyringham | $575,000 | $690,000 | 20.0% |
Pacific Hwy, Ulmarra | $568,000 | $610,000 | 7.4% |
Roberts Creek Rd, Woodford Island | $190,000 | $200,000 | 5.3% |
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.