Barcoo Shire LGA valuation overview
Overview of 2024 land valuation
For the Barcoo Shire local government area (LGA), the revaluation included 229 properties, with a total value of $391,785,384, an overall increase of 246 per cent since the last valuation issued in 2021.
Property market changes within the Barcoo Shire LGA are being driven by the continued confidence within the cattle industry.
Total value by land use
| Land type | Value | Percentage of total land value |
|---|---|---|
| Commercial | $149,500 | 0% |
| Industrial | $196,000 | 0.1% |
| Primary Production | $390,050,732 | 99.6% |
| Single Unit Residential | $971,500 | 0.2% |
| Rural Residential | $78,000 | 0% |
| Other | $339,652 | 0.1% |
| LGA total | $391,785,384 | 100% |
Note: The sum of percentages may not equal 100% due to rounding.
Residential land
There has been no change in median values within the residential market sectors of the Barcoo Shire LGA since the last valuation, having regard to the very limited sales that have occurred. This relates to the towns of Jundah, Stonehenge and Windorah. The overall median value for residential land in the Barcoo Shire LGA remains unchanged at $10,000.
The table below shows the changes in median value of residential land in the Barcoo Shire LGA. The table includes localities with a minimum of 50 properties as residential land use.
Locality | Previous median value (as at 1 October 2020) | New median value (as at 1 October 2023) | Change in median value | Number of properties |
|---|---|---|---|---|
| Jundah | $7,000 | $7,000 | 0% | 43 |
| Windorah | $10,500 | $10,500 | 0% | 47 |
Explanatory notes
- The residential market throughout the Barcoo Shire LGA remains unchanged having regard to the very limited sales that have occurred.
Rural residential land
The table below shows the changes in median value for rural residential land in the Barcoo Shire LGA.
| Previous median value (at 1 October 2020) | New median value (at 1 October 2023) | Change in median value | Number of properties |
|---|---|---|---|
| $21,500 | $21,500 | 0% | 4 |
Explanatory notes
- The rural residential market throughout the Barcoo Shire LGA remains unchanged having regard to the very limited sales that have occurred.
Other land uses
The table below shows the total value of land uses (other than residential and rural residential land) in the Barcoo Shire LGA.
| Land use category | Previous total land value (at 1 October 2020) | New total land value at (1 October 2023) | Change in total land value | Number of properties |
|---|---|---|---|---|
| Commercial | $149,500 | $149,500 | 0% | 8 |
| Industrial | $196,000 | $196,000 | 0% | 10 |
| Primary Production | $111,443,400 | $390,050,732 | 250% | 64 |
| Other | $303,750 | $339,652 | 11.8% | 36 |
Explanatory notes
- Commercial and industrial lands recorded no change in value as no sales have transacted in this market sector since the last revaluation and the residential sales show no change.
- Cattle commodity prices reduced during 2023, after significant growth in 2019-2022. This corresponded with significant increase in rural land values during that period, as a result of continued low interest rates, good seasons and high commodity prices. With lower commodity prices and higher interest rates, sales within 2023 support the continued confidence.
- The increase in the other land use relates to a review of state-owned lands based on sales.
More information
To view the valuation roll display listing for the Barcoo Shire LGA, you can:
- see land valuations online
- visit the Barcoo Shire Council Administration Office, 6 Perkins Street, Jundah during business hours until 30 June 2024.