The NSW Valuer General has published land values for the North Coast region.
The land values reflect the value of land only, as at 1 July 2023. Land value is the value of the land only. It does not include the value of a home or other structure.
Property sales are the most important factor valuers consider when determining land values. The new land values will be used by Revenue NSW to calculate land tax for the 2024 land tax year for landowners that are subject to land tax. Registered land tax clients will receive their land tax assessment from Revenue NSW from January 2024.
More information on land tax can be found at Revenue NSW web pages.
The latest land values for all properties in NSW are available on the Valuer General pages along with information on trends, medians and typical land values for each local government area.
| Property type | 1-Jul-22 | 1-Jul-23 | % change | Property count |
|---|---|---|---|---|
| Residential | $107,790,803,538 | $102,189,059,776 | -5.2% | 196,831 |
| Commercial | $5,540,947,740 | $5,626,237,101 | 1.5% | 6,081 |
| Industrial | $2,951,176,890 | $3,273,701,590 | 10.9% | 4,168 |
| Rural | $36,530,783,661 | $35,292,093,971 | -3.4% | 56,755 |
| Other | $5,982,496,399 | $5,856,601,904 | -2.1% | 8,302 |
| Total | $158,796,208,228 | $152,237,694,342 | -4.1% | 272,137 |
Ballina, Bellingen, Byron, Clarence Valley, Coffs Harbour, Kempsey, Kyogle, Lismore, MidCoast, Nambucca, Port Macquarie-Hastings, Richmond Valley and Tweed.
The total land value for the North Coast region decreased slightly by -4.1% between 1 July 2022 and 1 July 2023, from $159 billion to $152 billion.
Residential land values decreased moderately by 5.2% overall. This trend was generally consistent across the region. Byron (-18.1%) experienced a strong decrease, having seen strong prior year increases, with reduced affordability and demand impacting the area.
Commercial land values overall increased slightly by 1.5%. This trend was generally consistent across the region. Byron (-6.2%) experienced a moderate decrease following large increases in 2022. Coffs Harbour (19.1%) saw an overall increase primarily driven by the Coffs Harbour CBD where increased development activity has supported increased demand.
Industrial land values overall increased strongly by 10.9%, generally due to a limited supply of industrial properties. This trend was generally consistent across the region, while industrial land values in Coffs Harbour (1.6%) remained steady following large increases in recent years. Lismore (20.8%) experienced strong increases as the market recovers from the reductions following the 2022 flood events.
Rural land values overall decreased slightly by 3.4%. Byron (-17.8%) experienced a strong decrease with most properties considered rural lifestyle, which generally follow the residential market.
For more information, visit: Valuer General pages
