Whitsunday Regional LGA valuation overview
Overview of 2024 land valuation
For Whitsunday Regional local government area (LGA), the revaluation included 15,593 properties, with a total value of $4,404,363,000, an overall increase of 46 per cent since the last valuation issued in 2021.
Property market changes within Whitsunday Regional LGA are being driven by:
- infrastructure development
- interstate and overseas buyers and investment
- increase in tourism
- commodity prices.
Total value by land use
| Land type | Value | Percentage of total land value |
|---|---|---|
| Commercial | $332,989,500 | 7.6% |
| Industrial | $127,315,700 | 2.9% |
| Primary Production | $1,169,131,700 | 26.5% |
| Single Unit Residential | $1,616,572,000 | 36.7% |
| Multi-Unit Residential | $237,674,600 | 5.4% |
| Rural Residential | $825,524,700 | 18.7% |
| Other | $95,154,800 | 2.2% |
| LGA total | $4,404,363,000 | 100% |
Note: The sum of percentages may not equal 100% due to rounding.
Residential land
There has been moderate to significant increases in median values within the residential market sectors of Whitsunday Regional LGA since the last valuation. The overall median value for residential land in Whitsunday Regional LGA is $130,000, an increase of 28.7 per cent.
The table below shows the changes in median value of residential land in Whitsunday Regional 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 |
|---|---|---|---|---|
| Airlie Beach | $335,000 | $470,000 | 40.3% | 212 |
| Bowen | $78,000 | $90,000 | 15.4% | 3,731 |
| Cannon Valley | $205,000 | $275,000 | 34.2% | 219 |
| Cannonvale | $137,000 | $177,500 | 29.6% | 1,876 |
| Collinsville | $11,400 | $19,200 | 68.4% | 808 |
| Dingo Beach | $150,000 | $225,000 | 50% | 201 |
| Guthalungra | $134,000 | $134,000 | 0% | 217 |
| Hideaway Bay | $135,500 | $196,250 | 44.8% | 354 |
| Jubilee Pocket | $139,000 | $180,000 | 29.5% | 668 |
| Mandalay | $134,000 | $175,000 | 30.6% | 128 |
| Proserpine | $99,000 | $129,000 | 30.3% | 1,255 |
| Scottville | $9,000 | $15,500 | 72.2% | 173 |
| Shute Harbour | $320,000 | $450,000 | 40.6% | 76 |
| Wilson Beach | $115,000 | $115,000 | 0% | 53 |
Explanatory notes
- The residential market increased within most towns across Whitsunday Regional LGA.
- Residential markets in Guthalungra and Wilson Beach remained steady with no change in value.
Rural residential land
The table below shows the changes in median value for rural residential land in Whitsunday Regional LGA.
| Previous median value (at 1 October 2020) | New median value (at 1 October 2023) | Change in median value | Number of properties |
|---|---|---|---|
| $170,000 | $247,500 | 45.6% | 3,258 |
Explanatory notes
- The rural residential market throughout Whitsunday Regional LGA increased with some significant increase to various properties.
Other land uses
The table below shows the total value of land uses (other than residential and rural residential land) in Whitsunday Regional 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 | $206,290,100 | $332,989,500 | 61.4% | 472 |
| Industrial | $88,611,400 | $127,315,700 | 43.7% | 339 |
| Primary Production | $733,919,920 | $1,169,131,700 | 59.3% | 779 |
| Multi-Unit Residential | $135,450,400 | $237,674,600 | 75.5% | 437 |
| Other | $79,833,219 | $95,154,800 | 19.2% | 149 |
Explanatory notes
- Commercial land recorded a significant increase due to limited supply within a reviving tourism industry.
- Industrial land recorded a significant increase due to limited supply and improved market conditions.
- Primary production land recorded a significant increase due to continuing strong demand for rural land despite interest rate increases and lower cattle prices.
- Multi-unit residential land recorded a significant increase in line with strong residential market movement within a reviving tourism industry.
- Other land recorded a moderate increase in line with their respective markets.
More information
To view the valuation roll display listing for Whitsunday Regional LGA, you can:
- see land valuations online
- visit the Whitsunday Regional Council, 83-85 Main Street, Proserpine during business hours until 30 June 2024.