The latest overview of Redland City’s LGA valuation revealed a notable increase since its 2022 assessment.
Overview of 2024 land valuation increase
In the Redland City LGA, the recent revaluation encompassed 62,772 properties valued at a total of $34,548,024,950, marking a 31% increase since the previous valuation in 2022.
The table is a screengrab from the Queensland government website
Residential
Median values in the residential market sectors of Redland City LGA have notably risen since the last valuation, with an overall median value for residential land now at $510,000, reflecting a 36% increase.
The following table illustrates the changes in median values of residential land across Redland City LGA localities, each with a minimum of 50 properties designated for residential land use.
Screengrab from Queensland government website
The dynamics of the property market within the Redland City LGA are primarily influenced by several factors:
- Significant migration to the southeastern corner of Queensland.
- Limited availability of new land coupled with heightened demand.
- Comparative affordability of land compared to neighbouring Brisbane City.
- Growing propensity for commuting and remote work arrangements.
For more details about the Redland City LGA valuation click here.
News source: Queensland government website
