Lockyer Valley properties to get new valuations in 2016
LOCKYER Valley property owners will receive new land valuations in 2016.
The region is one of 40 Queensland local government areas earmarked for the annual market surveys that influence council rates and budget decisions.
Ipswich will not be valued this time around.
The Valuer-General's office puts the current median value for residential land in the Lockyer Valley Regional Council area at $94,000 and rural residential at $112,000.
Valuer-General Neil Bray is unable to predict how the region will perform, but analysis of Natural Resources Department data show valuations have fluctuated over the past five years.
The area did not receive valuations in 2015, but it had a 4.6% fall in 2014, a 6% drop in 2013, remained steady in 2012 and increased 1.4% in 2011.
Mr Bray said the decision to value the Lockyer Valley was based on consultation with council, local groups and industry stakeholders and evaluation of property market survey reports.
He said valuers considered property sales since the last annual valuation and predicted movements in the value of land.
"Other issues considered include the effects of mining, planning and zoning changes, commodity prices and population growth," he said.