Fraser Coast Regional LGA valuation overview
Overview of 2024 land valuation
For Fraser Coast Regional local government area (LGA), the revaluation included 49,913 properties, with a total value of $12,914,736,900, an overall increase of 37 per cent since the last valuation issued in 2022.
Property market changes within Fraser Coast Regional LGA are being driven by:
- population growth and interstate buyers attracted to the affordability of the region in comparison to other coastal locations
- scarcity of supply in some locations.
Total value by land use
| Land type | Value | Percentage of total land value |
|---|---|---|
| Commercial | $527,804,300 | 4.1% |
| Industrial | $241,078,500 | 1.9% |
| Primary Production | $489,809,000 | 3.8% |
| Single Unit Residential | $8,719,073,500 | 67.5% |
| Multi-Unit Residential | $438,393,500 | 3.4% |
| Rural Residential | $2,339,418,400 | 18.1% |
| Other | $159,159,700 | 1.2% |
| LGA total | $12,914,736,900 | 100% |
Note: The sum of percentages may not equal 100% due to rounding.
Residential land
There has been a significant increase in median values within the residential market sectors of Fraser Coast Regional LGA since the last valuation. The overall median value for residential land in Fraser Coast Regional LGA is $227,500, an increase of 44.4 per cent.
The table below shows the changes in median value of residential land in Fraser Coast Regional LGA. The table includes localities with a minimum of 50 properties as residential land use.
| Locality | Previous median value (as at 1 October 2021) | New median value (as at 1 October 2023) | Change in median value | Number of properties |
|---|---|---|---|---|
| Aldershot | $54,000 | $69,000 | 27.8% | 316 |
| Bauple | $69,000 | $110,000 | 59.4% | 79 |
| Boonooroo | $127,000 | $167,500 | 31.9% | 279 |
| Booral | $150,000 | $222,500 | 48.3% | 184 |
| Burrum Heads | $180,000 | $235,000 | 30.6% | 1,543 |
| Burrum Town | $58,000 | $116,000 | 100% | 80 |
| Craignish | $210,000 | $295,000 | 40.5% | 850 |
| Dundowran | $149,000 | $222,500 | 49.3% | 311 |
| Dundowran Beach | $275,000 | $365,000 | 32.7% | 981 |
| Eli Waters | $150,000 | $217,500 | 45% | 1,415 |
| Fraser Island | $345,000 | $395,000 | 14.5% | 197 |
| Granville | $89,000 | $134,000 | 50.6% | 979 |
| Howard | $81,000 | $162,500 | 100.6% | 524 |
| Kawungan | $167,500 | $240,000 | 43.3% | 2,095 |
| Maaroom | $114,000 | $155,000 | 36% | 195 |
| Maryborough | $105,000 | $152,500 | 45.2% | 6,141 |
| Maryborough West | $114,500 | $157,500 | 37.6% | 198 |
| Nikenbah | $185,000 | $280,000 | 51.4% | 647 |
| Oakhurst | $145,000 | $217,500 | 50% | 141 |
| Pialba | $185,000 | $250,000 | 35.1% | 1,459 |
| Point Vernon | $180,000 | $242,500 | 34.7% | 2,668 |
| Poona | $130,000 | $195,000 | 50% | 525 |
| River Heads | $180,000 | $295,000 | 63.9% | 1,287 |
| Scarness | $160,000 | $235,000 | 46.9% | 1,190 |
| Tiaro | $73,000 | $104,000 | 42.5% | 275 |
| Tinana | $119,000 | $162,500 | 36.6% | 1,260 |
| Tinnanbar | $215,000 | $247,500 | 15.1% | 98 |
| Toogoom | $170,000 | $250,000 | 47.1% | 1,303 |
| Torbanlea | $81,000 | $162,500 | 100.6% | 159 |
| Torquay | $175,000 | $247,500 | 41.4% | 2,008 |
| Tuan | $136,000 | $177,500 | 30.5% | 127 |
| Urangan | $162,500 | $237,500 | 46.2% | 3,832 |
| Urraween | $170,000 | $242,500 | 42.7% | 2,735 |
| Wondunna | $182,500 | $248,750 | 36.3% | 974 |
Explanatory notes
- The residential market within all towns within Fraser Coast Regional LGA increased in value. Lower valued areas generally indicated the largest increases as affordability attracted buyers to the region. Near waterfront localities also had some of the larger increases.
Rural residential land
The table below shows the changes in median value for rural residential land in Fraser Coast Regional LGA.
| Previous median value (at 1 October 2021) | New median value (at 1 October 2023) | Change in median value | Number of properties |
|---|---|---|---|
| $157,500 | $227,500 | 44.4% | 9,338 |
Explanatory notes
- The rural residential market throughout Fraser Coast Regional LGA increased with some significant increases to various properties, particularly affordable lower valued properties, and properties within commuting distance of larger urban centres.
Other land uses
The table below shows the total value of land uses (other than residential and rural residential land) in Fraser Coast Regional LGA.
| Land use category | Previous total land value at 1 October 2021 | New total land value at 1 October 2023 | Change in total land value | Number of properties |
|---|---|---|---|---|
| Commercial | $469,286,100 | $527,804,300 | 12.5% | 890 |
| Industrial | $194,581,500 | $241,078,500 | 23.9% | 622 |
| Primary Production | $394,763,300 | $489,809,000 | 24.1% | 893 |
| Multi-Unit Residential | $359,196,000 | $438,393,500 | 22.1% | 691 |
| Other | $114,766,700 | $159,159,700 | 38.7% | 211 |
Explanatory notes
- Commercial land recorded a minor to moderate increase.
- Industrial land recorded a moderate increase due to affordability increasing industrial activity and limited supply in some areas.
- Primary production land recorded a moderate increase reflecting the ongoing confidence of the sector resulting in buyers paying increased prices, areas of limited supply and in some cases a change in use to higher value farming uses.
- Multi-unit residential land recorded a moderate increase due to general residential growth in values.
- Other land recorded a significant increase generally in line with the wider property market.
More information
To view the valuation roll display listing for Fraser Coast Regional LGA, you can:
- see land valuations online
- visit the Department of Resources, Station Chambers, 120 Lennox Street, Maryborough during business hours until 30 June 2024.