Land values in The Hills, NSW jumps 10% in three years
The value of all 53,700 properties in The Hills Shire has been put at $26.45 billion.
It's represents a 10% jump on the 2008 total of $23.90 billion given by NSW Valuer-General Philip Western.
Western says landowners and rate-paying lessees are set to receive a notice of valuation given.
Over the three-year period since landowners in The Hills Shire LGA were last issued with the official notices, the value of residential land has generally shown a moderate increase.
It included a 2% increase in median residential values from $377,000 to $385,000 in the 2010-11 valuation year.
Rural land also showed a moderate increase over the three-year period.
In the north-most part of the shire rural land had shown a strong increase in value. Rural land surrounding Maraylya, however, shown a slight decrease in value.
But overall rural land recorded a decline in the last of the three years, when the median rural value eased from $661,000 to $650,000.
Commercial land values have generally remained steady, with some commercial properties in Kellyville and Castle Hill showing a slight increase in value over the three years.
The median value of business (e zoned, which is an "employment zone") commercial jumped in the most recent year by 6.6%, from $2.7 million to $2.88 million. The median value of b-zoned business ("commercial/business zone") commercial land was steady at $619,000.
The value of industrial land has shown a slight increase overall. Industrial land in North Rocks has shown a moderate decrease, while the value of industrial land in Castle Hill has generally shown a slight decrease. In the final of the three years the median value of industrial land eased from $3.62 million to $3.52 million.
Land values in the Rouse Hill development area generally showed a strong increase over the three-year period.
Typical residential land values were:
- 696 square metres at Bradley Drive, Carlingford valued at $441,000
- 703 square metres at Carole Avenue, Baulkham Hills valued at $360,000
- 696 square metres at Carramarr Road, Castle Hill valued at $418,000
- 550 square metres at Greygum Avenue, Rouse Hill valued at $297,000
- 700 square metres at Huon Place, Bella Vista valued at $442,000
- 946 square metres at Kingussie Avenue, Castle Hill valued at $430,000
- 696 square metres at Thirlmere Avenue, Northmead valued at $391,000
- 550 square metres at Perisher Road, Beaumont Hills valued at $322,000
Typical commercial land values were:
- 917 square metres at Cecil Avenue, Castle Hill valued at $702,000
- 379 square metres at Kenthurst Road, Dural valued at $540,000
- 721 square metres at North Rocks Road, North Rocks valued at $425,000
- 456 square metres at Old Northern Road, Baulkham Hills valued at $709,000
- 335 square metres at Old Northern Road, Castle Hill valued at $684,000
- 1,868 square metres at Windsor Road, Kellyville valued at $907,000
Typical industrial land values were:
- 1.7 hectares at Annangrove Road, Rouse Hill valued at $3,400,000
- 6,620 square metres at Brookhollow Avenue, Baulkham Hills valued at $3,010,000
- 1.3 hectares at Hudson Avenue, Castle Hill valued at $5,670,000
- 8,083 square metres at Loyalty Road, North Rocks valued at $2,000,000
Typical rural land values were:
- 10.1 hectares at Floyds Road, South Maroota valued at $488,000
- 2 hectares at Jones Road, Kenthurst valued at $700,000
- 2.4 hectares at Nelson Road, Nelson valued at $704,000
