March 27, 2025
Moffatdale and Hivesville residents have seen the value of their land more than double in the past three years, according to figures released this week by the Valuer-General.
The median value of residential land at Moffatdale on October 1, 2021, was $26,500. On October 1, 2024, it was assessed as being worth $68,000 – a jump of 156.6 per cent (see table, below).
The median value at Hivesville rose from $15,600 to $37,500, up 140.4 per cent.
Large increases were also experienced in Wondai (110.8%) and Memerambi (103.7%).
Nanango values exactly doubled, from $44,000 to $88,000.
The smallest rise was in Kingaroy, with the median value rising 34.3 per cent from $67,000 to $90,000.
The median value of rural residential land rose 74.2 per cent from $89,000 to $155,000.
The Valuer-General said greater demand had been experienced for rural residential land due to a desire for affordable rural lifestyle properties close to major centres in south-east Queensland.
The median value of land for primary production rose 40.1 per cent for $824.39 million to $1.154 billion.
Commercial land rose 13.8 per cent and industrial land 22 per cent.
The new valuations will take effect on June 30.
The 60-day objection period for 2025 land valuations closes on May 26.
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Changes In Median Value Of Residential Land
| Locality | Previous Median Value (Oct 1, 2021) | New Median Value (Oct 1, 2024) | Change In Median Value | Number Of Properties |
|---|---|---|---|---|
| Benarkin | $46,000 | $87,000 | 89.1% | 54 |
| Blackbutt | $68,000 | $129,000 | 89.7% | 367 |
| Hivesville | $15,600 | $37,500 | 140.4% | 121 |
| Kingaroy | $67,000 | $90,000 | 34.3% | 3436 |
| Kumbia | $34,000 | $65,000 | 91.2% | 104 |
| Memerambi | $27,000 | $55,000 | 103.7% | 133 |
| Moffatdale | $26,500 | $68,000 | 156.6% | 76 |
| Murgon | $33,000 | $50,000 | 51.5% | 882 |
| Nanango | $44,000 | $88,000 | 100% | 1079 |
| Proston | $20,500 | $37,000 | 80.5% | 182 |
| Tingoora | $37,000 | $57,000 | 54.1% | 126 |
| Wondai | $37,000 | $78,000 | 110.8% | 702 |
| Wooroolin | $31,000 | $48,000 | 54.8% | 60 |
The Valuer-General’s report said the residential market within all towns in the South Burnett Regional Council area had experienced significant rises due to strong demand underpinned by the affordability of land compared with the wider south-eastern Queensland market.
“Significant increases in the smaller townships were evident, primarily because of the existing low levels of value and increased demand,” the report stated.
“Values in Blackbutt also experienced significant increases due to the influence of its proximity to the south-eastern Queensland market.”
* * *
The total value of all land in the South Burnett Regional Council area rose by 54 per cent.
The revaluation of 17,546 properties – which includes residential, industrial and rural land – took the assessed total value of South Burnett land to $3.154 billion.
Rural residential blocks take up the most land area, at 37.1 per cent, just ahead of primary production at 36.6 per cent.
Single unit residential blocks are next at 20.9 per cent, followed by commercial (2.4%), industrial (1.5%) and multi-unit residential and other (0.7% each).
- External link: How To Lodge A Valuation Objection
