Liverpool in Sydney land values up 1% in three years: NSW Valuer-General

The total land value of the 51,694 properties in the City of Liverpool was $17.940 billion in July 2011, according NSW Valuer-General Philip Western.

That figure is up 1% from the July 2008 valuation of $17.462 billion.

In the three years since the last valuation residential land generally experienced a slight increase in value.

From 2010 to 2011, the median residential land price increased 1.8% from $226,000 to $230,000.

Commercial and industrial land in the city both had a slight decrease in value over the three years.

The median industrial land price stayed constant from 2010 to 2011 at $1.23 million. The median commercial price dropped slightly from $600,000 to $598,000 over the same period.

Rural-residential land values generally had a slight decrease, with the exception of rural- residential land marked for future residential development in the south west growth centre, which generally had a moderate increase in value.

From 2010 to 2011, the median rural land price increased 1% from $659,000 to $665,000.

Landowners and rate-paying-lessees received a notice of valuation last month.

The valuations are used to determine rates and land taxes on investment properties.

Typical residential land values were:

  • 451 square metres at Alexandrina Court, Wattle Grove valued at $249,000
  • 428 square metres at Barnwell Place, Cecil Hills valued at $244,000
  • 467 square metres at Braidwood Drive, Prestons valued at $218,000
  • 556 square metres at Coonong Street, Busby valued at $196,000
  • 482 square metres at Forcett Close, West Hoxton valued at $228,000
  • 573 square metres at Geebung Court, Voyager Point valued at $316,000
  • 664 square metres at Longstaff Avenue, Chipping Norton valued at $340,000
  • 563 square metres at Weir Crescent, Lurnea valued at $216,000

Typical commercial land values were:

  • 1.3 hectares at Camden Valley Way, Casula valued at $3,000,000
  • 1,442 square metres at Elizabeth Drive, Liverpool valued at $800,000
  • 575 square metres at George Street, Liverpool valued at $796,000
  • 1,625 square metres at Cowpasture Road, Carnes Hill valued at $742,000

Typical industrial land values were:

  • 9,194 square metres at Alfred Road, Chipping Norton valued at $2,750,000
  • 2,490 square metres at Heathcote Road, Moorebank valued at $754,000
  • 9,896 square metres at Riverside Road, Chipping Norton valued at $3,050,000
  • 1,859 square metres at Seton Road, Moorebank valued at $672,000
  • 1.5 hectares at Lyn Parade, Prestons valued at $3,450,000
  • 2,750 square metres at Avalli Road, Prestons valued at $897,000

Typical rural residential land values were:

  • 2 hectares at Denham Court Road, Denham Court valued at $758,000
  • 2 hectares at Derwent Road, Bringelly valued at $550,000
  • 1.6 hectares at Overett Avenue, Kemps Creek valued at $60,600
  • 1.9 hectares at Rossmore Avenue, Rossmore valued at $611,000
  • 1.2 hectares at Sixth Avenue, Austral valued at $752,000

Typical hobby farm land values were:

  • 40.5 hectares at Greendale Road, Wallacia valued at $1,780,000
  • 10.2 hectares at Greendale Road, Greendale valued at $675,000

Alistair Walsh

Alistair Walsh

Deutsche Welle online reporter

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