Community & Business
23 December, 2020
25 Queensland local government areas will receive new land valuations in 202.1
Landowners in 25 Queensland local government areas (LGAs) will receive new land valuations in March 2021.

Landowners in 25 Queensland local government areas (LGAs) will receive new land valuations in March 2021.
Queensland Valuer-General, said the LGAs receiving new
valuations in 2021 were Balonne, Banana, Barcaldine, Barcoo, Blackall-Tambo,
Bulloo, Burdekin, Central Highlands, Charters Towers, Cook,
Diamantina, Gladstone, Gympie, Isaac, Longreach, Maranoa, Murweh, Paroo,
Quilpie, Somerset, Southern Downs, Tablelands, Toowoomba,
Western Downs and Whitsunday.
“The decision to value these LGAs follows consultation with councils, local and
industry stakeholder groups, consideration of property market survey analysis,
and the year in which the areas were last revalued,” the Valuer-General said.
“The 2021 annual valuation program will involve approximately 261,000
properties, representing approximately 59 per cent of the total land area
of Queensland.
“Valuations are issued annually across the state, except in unusual
circumstances or where it is determined there has been insufficient market
movement in a local government area to warrant a new valuation.
“In LGAs where new valuations are not issued in 2021, the most recent annual
valuation will remain effective.”
When undertaking the market surveys, Queensland’s State Valuation Service has
looked at a number of factors, including property sales, to determine if market
movement has occurred since the last annual valuation.
The Valuer-General said the impact of the COVID-19 pandemic this year was a
major consideration when determining the property market and any movement in
each local government area.
“While transaction numbers have reduced from previous levels, the residential
sector has been largely resilient with values remaining steady or improving,”
the Valuer-General said.
“Queensland’s rural areas have been largely unaffected by the negative impacts
of COVID-19, and continuing confidence has seen positive value growth in the
pastoral zones of South West and Central Queensland.
“While the economic decline brought about by shut downs earlier in the year may
have negatively impacted some sectors of the non-residential market, the
reopening of businesses has seen some confidence return to these sectors.
“Market based evidence is still required to identify actual impacts from
location to location, and land use to land use. Overall, the potentially
impacted non-residential properties is only a small proportion of properties of
most local government areas.”
“The variable nature of the economy has meant that any impact on land value and
market movement in a particular sector or location is too uncertain due to the
lack of any comparable sales evidence”.
Market survey analysis provides an overview of property market trends
throughout Queensland, and may be subject to change as further valuation
analysis is undertaken for the annual land valuation program.
Landowners should remember that land valuations are just one of the factors
taken into account by local councils when they prepare their annual budget and
set rates to pay for the services they provide to their community.
Queensland landowners can sign up to receive their next land valuation notice
by email by visiting the Land Valuations website at www.qld.gov.au/landvaluation.