Lithgow land values outperform Central Tablelands: NSW Valuer-General

Lithgow land values outperform Central Tablelands: NSW Valuer-General
Lithgow land values outperform Central Tablelands: NSW Valuer-General

The total land value for the Central Tablelands region has increased over the 12 month period to 1 July 2016 by 4.7 percent from $14.37 billion to $15.05 billion, according to the latest report from the Valuer-General.

The Report on NSW Land Values at 1 July 2016 found that residential land values across the region increased slightly by approximately 3.6 percent. The highest increases occurred in the City of Lithgow, which showed an increase of 8.1 percent and Cabonne, which showed an increase of 9 percent.

Demand for well-located commercial property in Orange, particularly by investors, resulted in a moderate increase of 9.5 percent. Industrial land values across the region showed a slight increase of 2.5 percent.

However, industrial land in Cowra showed an increase of 10.4 percent, while industrial land in Oberon showed an increase of 14.8 percent due to a limited supply of industrial land in established locations.

Strong stock and commodity prices, along with good seasonal conditions, have driven demand in the rural market with values increasing overall by 5.8%.

For more information including interactive online land value summaries for all LGAs and 14 regions covering the state go to www.valuergeneral.nsw.gov.au

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Lithgow land values outperform Central Tablelands: NSW Valuer-General

Tags: 
Land Values Central Tablelands

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