Land values in the Port Macquarie-Hastings local government area
North Coast region
General overview
There was a moderate increase overall in land values in the Port Macquarie-Hastings local government area between 2017 and 2018, with this trend being consistent across the residential, commercial and rural market segments.
Industrial land values showed a strong increase with strong demand.
Land value trends
| Property zone | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Residential | $8,050,801,690 | $8,492,270,450 | 5.5% |
| Commercial | $432,797,520 | $466,125,600 | 7.7% |
| Industrial | $158,837,200 | $180,752,710 | 13.8% |
| Rural | $1,221,211,350 | $1,289,813,090 | 5.6% |
| Other | $136,647,508 | $153,139,675 | 12.1% |
| Total | $10,000,295,268 | $10,582,101,525 | 5.8% |
Number of properties by zone
Total number of properties: 32,311
Residential land values
Residential overview
Residential land values increased moderately, driven by continued increased demand for land in all locations.
Land values were steady in Wauchope, Beechwood, Lake Cathie east of Ocean Drive and for large lot residential sites in Kings Creek, Camden Haven, Telegraph Point and Sancrox where demand has eased after these localities recorded increases over previous years.
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 |
|---|---|---|---|
| Beechwood Rd, Beechwood | $147,000 | $147,000 | 0.0% |
| Bunderra Dr, Beechwood | $258,000 | $258,000 | 0.0% |
| Coomea Cl, Bonny Hills | $250,000 | $270,000 | 8.0% |
| Jolly Nose Dr, Bonny Hills | $345,000 | $380,000 | 10.1% |
| Kendall Cres, Bonny Hills | $305,000 | $320,000 | 4.9% |
| Short St, Bonny Hills | $480,000 | $500,000 | 4.2% |
| Idant St, Camden Head | $345,000 | $375,000 | 8.7% |
| Thone St, Comboyne | $80,000 | $85,000 | 6.3% |
| Riverbreeze Dr, Crosslands | $150,000 | $155,000 | 3.3% |
| Bell St, Dunbogan | $195,000 | $230,000 | 18.0% |
| Pindari Dr, Dunbogan | $200,000 | $220,000 | 10.0% |
| Scarborough Way, Dunbogan | $240,000 | $260,000 | 8.3% |
| The Boulevarde , Dunbogan | $360,000 | $385,000 | 6.9% |
| Herons Creek Rd, Herons Creek | $90,000 | $100,000 | 11.1% |
| Batar Creek Rd, Kendall | $165,000 | $165,000 | 0.0% |
| Brotherglen Dr, Kew | $260,000 | $280,000 | 7.7% |
| Kendall Rd, Kew | $165,000 | $170,000 | 3.0% |
| Fenton Dr, King Creek | $295,000 | $300,000 | 1.7% |
| Abel Tasman Dr, Lake Cathie | $260,000 | $290,000 | 11.5% |
| Chepana St, Lake Cathie | $385,000 | $430,000 | 11.7% |
| Forest Pkwy, Lake Cathie | $315,000 | $360,000 | 14.3% |
| Lakeside Way, Lake Cathie | $350,000 | $400,000 | 14.3% |
| Orana Dr, Lake Cathie | $323,000 | $323,000 | 0.0% |
| Oxley St, Lake Cathie | $250,000 | $265,000 | 6.0% |
| Casuarina Dr, Lakewood | $185,000 | $195,000 | 5.4% |
| Sirius Dr, Lakewood | $192,000 | $213,000 | 10.9% |
| Bass Ave, Laurieton | $240,000 | $260,000 | 8.3% |
| Lee Pl, Logans Crossing | $290,000 | $290,000 | 0.0% |
| Henry St, Long Flat | $105,000 | $105,000 | 0.0% |
| Bayside Ave, North Haven | $290,000 | $305,000 | 5.2% |
| Ackroyd St, Port Macquarie | $275,000 | $290,000 | 5.5% |
| Ballina Cres, Port Macquarie | $550,000 | $600,000 | 9.1% |
| Bellevue Dr, Port Macquarie | $275,000 | $290,000 | 5.5% |
| Calwalla Cres, Port Macquarie | $300,000 | $310,000 | 3.3% |
| Commodore Cres, Port Macquarie | $730,000 | $780,000 | 6.9% |
| Everard St, Port Macquarie | $350,000 | $400,000 | 14.3% |
| Gordon St, Port Macquarie | $310,000 | $340,000 | 9.7% |
| Home St, Port Macquarie | $280,000 | $300,000 | 7.1% |
| Links Cres, Port Macquarie | $800,000 | $850,000 | 6.3% |
| Lord St, Port Macquarie | $350,000 | $370,000 | 5.7% |
| Macleay Pl, Port Macquarie | $240,000 | $250,000 | 4.2% |
| North Ct, Port Macquarie | $320,000 | $350,000 | 9.4% |
| Settlement Point Rd, Port Macquarie | $375,000 | $400,000 | 6.7% |
| The Jib , Port Macquarie | $250,000 | $270,000 | 8.0% |
| Timber Rdge, Port Macquarie | $355,000 | $390,000 | 9.9% |
| Wallis St, Port Macquarie | $360,000 | $420,000 | 16.7% |
| Warlters St, Port Macquarie | $250,000 | $266,000 | 6.4% |
| Waterford Tce, Port Macquarie | $280,000 | $290,000 | 3.6% |
| William St, Port Macquarie | $490,000 | $530,000 | 8.2% |
| Banyule Pl, Sancrox | $320,000 | $355,000 | 10.9% |
| Verdun Dr, Sancrox | $115,000 | $115,000 | 0.0% |
| Rollands Plains Rd, Telegraph Point | $90,000 | $100,000 | 11.1% |
| Rollands Plains Rd, Telegraph Point | $220,000 | $220,000 | 0.0% |
| Bestglen Pl, Thrumster | $600,000 | $600,000 | 0.0% |
| Blackbutt Dr, Wauchope | $180,000 | $180,000 | 0.0% |
| Cameron St, Wauchope | $175,000 | $190,000 | 8.6% |
| Eucalypts Cl, Wauchope | $220,000 | $230,000 | 4.6% |
Commercial land values
Commercial overview
Commercial land values showed a moderate increase, due mainly to increased demand with increased sales volumes. The exception to this trend being secondary located commercial sites within the Port Macquarie central business area, which remained steady.
In addition, commercial land values in the Lake Road area showed a very strong increase, due to particularly strong demand for bulky goods retail sites.
Typical commercial land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Bold St, Laurieton | $250,000 | $260,000 | 4.0% |
| Clifton Dr, Port Macquarie | $320,000 | $340,000 | 6.3% |
| Gordon St, Port Macquarie | $440,000 | $500,000 | 13.6% |
| Hastings River Dr, Port Macquarie | $540,000 | $565,000 | 4.6% |
| Horton St, Port Macquarie | $729,000 | $740,000 | 1.5% |
| Horton St, Port Macquarie | $830,000 | $840,000 | 1.2% |
| Keena Pl, Port Macquarie | $160,000 | $190,000 | 18.8% |
| Lake Rd, Port Macquarie | $540,000 | $630,000 | 16.7% |
| Warlters St, Port Macquarie | $6,050,000 | $6,050,000 | 0.0% |
| Hastings St, Wauchope | $270,000 | $290,000 | 7.4% |
Industrial land values
Industrial overview
Industrial land values increased strongly in the Port Macquarie-Hastings local government area. This was mainly due to strong demand with increased sales volumes.
Typical industrial land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Bayside Cct, Laurieton | $198,000 | $230,000 | 16.2% |
| Jindalee Rd, Port Macquarie | $280,000 | $320,000 | 14.3% |
| Production Dr, Wauchope | $200,000 | $225,000 | 12.5% |
Rural land values
Rural overview
Rural land values increased moderately in the Port Macquarie-Hastings local government area, due to increased demand for rural home sites, hobby farms and broadacre properties.
The exception to this being rural properties in the Telegraph Point, Pappinbarra, King Creek, Kendall, Bellangry and Ellenborough areas, which remained steady with easing demand.
Typical rural land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Batar Creek Rd, Batar Creek | $250,000 | $275,000 | 10.0% |
| Koree Island Rd, Beechwood | $240,000 | $240,000 | 0.0% |
| Koree Island Rd, Beechwood | $630,000 | $680,000 | 7.9% |
| Cutty Creek Rd, Bobs Creek | $325,000 | $350,000 | 7.7% |
| Comboyne Rd, Byabarra | $215,000 | $230,000 | 7.0% |
| Wingham Rd, Comboyne | $500,000 | $550,000 | 10.0% |
| Fernbank Creek Rd, Fernbank Creek | $350,000 | $350,000 | 0.0% |
| Stewarts River Rd, Lorne | $430,000 | $430,000 | 0.0% |
| Pappinbarra Rd, Lower Pappinbarra | $210,000 | $210,000 | 0.0% |
| Pappinbarra Rd, Lower Pappinbarra | $240,000 | $250,000 | 4.2% |
| Clarefield Dungay Creek Rd, Marlo Merrican | $300,000 | $300,000 | 0.0% |
| Jasper Creek Rd, Mount Seaview | $220,000 | $220,000 | 0.0% |
| Kingfisher Ct, North Shore | $215,000 | $235,000 | 9.3% |
| Sandfly Ally, North Shore | $39,700 | $44,000 | 10.8% |
| Shoreline Dr, North Shore | $350,000 | $365,000 | 4.3% |
| Narrow Gut Rd, Rawdon Island | $614,000 | $680,000 | 10.8% |
| Shoreline Dr, Riverside | $365,000 | $400,000 | 9.6% |
| Rollands Plains Rd, Rollands Plains | $250,000 | $265,000 | 6.0% |
| Le Clos Sancrox Rd, Sancrox | $77,000 | $80,000 | 3.9% |
| Sancrox Rd, Sancrox | $400,000 | $400,000 | 0.0% |
| Mooney St, Telegraph Point | $100,000 | $110,000 | 10.0% |
| Rosella Pl, Yippin Creek | $260,000 | $285,000 | 9.6% |
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.