March 28, 2024
Land values in Yarraman and Cooyar have doubled over the past three years, according to according to figures released this week by the Valuer-General.
On Thursday, the Valuer-General released 2025 land valuations for 14 council areas across Queensland, including Toowoomba and the South Burnett (see separate report).
In Cooyar, the median value has risen from $19,400 to $39,000; while Yarraman has risen from $41,500 to $83,000.
“A big spike on your land valuation from the Queensland Valuer-General does not automatically mean a big spike in your Council rates,” Toowoomba Mayor Geoff McDonald said.
He said the TRC would use the legislative tools available to average valuations over two or three years and, where appropriate, apply rate caps to certain rating categories.
The new valuations take effect on June 30.
The 60-day objection period closes on May 26.
- External link: How To Lodge A Valuation Objection
| Locality | Previous Median Value (Oct 1, 2021) | New Median Value (Oct 1, 2024) | Change In Median Value | Number Of Properties |
|---|---|---|---|---|
| Cooyar | $19,400 | $39,000 | 101% | 70 |
| Yarraman | $41,500 | $83,000 | 100% | 553 |
- Information for other Toowoomba Regional Council area towns is available online
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