The Queensland Government has released their 2011 land valuations for the Gold Coast. Overall, the land values in the city grew by 3%. Of the 55 suburbs, 20 saw zero or negative growth and with the exception of Bundall, all seven suburbs to fall in value were beachfront.  Broadbeach saw the biggest drop, down 8%, while Surfers Paradise and Mermaid Beach fell 4% each.

Conversely, the greatest gains were made in the western suburbs. Mudegeeraba came in on top with a 19% gain, followed by 18% in Tallai, 14% in Oxenford and 11% each in Helensvale and Nerang. Elanora also saw significant gains, up 15%.

You can view a full breakdown of values here on the Department of Environment & Resource Management website.

It remains to be seen what effect these valuations will have on Council rates.иконииконописikoniбългарски икони

Tags: department of environment & resource management, figures, gold coast, land, news, property values, real estate, valuations

This entry was posted on Tuesday, May 17th, 2011 at 12:12 pm and is filed under Facts & Stats, GCCC. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.