Did Your Land Value decrease?

Monday, 13 February 2012 08:02

According to a recent Newsletter from the Valuer General

“The total land value of the Shoalhaven LGA as at 1 July 2011 was approximately $13.512 billion. This is an overall decrease from the total land value of $13.977 billion determined as at 1 July 2008,”

Typical residential land values were:

1,334 square metres at Addison Road, Culburra Beach valued at $239,000

1,008 square metres at Admiralty Crescent, Huskisson valued at $1,390,000

740 square metres at Albert Street, Berry valued at $281,000

816 square metres at Government Road, Sussex Inlet valued at $135,000

1,012 square metres at Karowa Street, Bomaderry valued at $118,000

544 square metres at Knapp Avenue, Nowra valued at $80,000

683 square metres at Martin Avenue, Ulladulla valued at $182,000

930 square metres at Quay Road, Callala Beach valued at $1,000,000.

Did your land value decrease from 2008?

How is the Valuation determined?

If land has been decreased how will this be reflected in Council rate notices for 2012/13?

On Monday morning I’ll be talking to Shoalhaven City Council Financial Director, Peter Dun about how the valuations were determinded and the impact land values will have on our Council rates for 2012/1

Are you happy with your land valuation?

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