News

Cattle market drives property boom

STELLAR PERFORMANCE: The rural property market boom on the Southern Downs is closely aligned to the cattle industry.
STELLAR PERFORMANCE: The rural property market boom on the Southern Downs is closely aligned to the cattle industry. Sophie Lester

THE Southern Downs property market reveals a two-speed economy, with rural valuations rocketing more than 19% and residential land remaining flat.

The rural land boom is closely aligned to the stellar performance of the cattle industry, according to the valuer-general's 2017 property market report.

Valuer-general Neil Bray said the rural valuations echoed the improved confidence in the agricultural market in 2016.

"Continued high commodity prices within the beef industry and continued low interest rates are driving this confidence, although the majority of the state remains drought declared,” Mr Bray said.

The total value for rural land on the Southern Downs increased by 19.1% from the previous valuations in 2015.

George and Fuhrmann Warwick director of livestock sales Matthew Grayson said there was a strong correlation between the region's current property values and the beef market.

"There has definitely been increased activity recently, with owners of cattle properties in the region contacting us to find out what their land is worth and also people from outside the area wanting to buy,” he said.

"There has been interest from western Queensland graziers who want to move closer in but still want to run cattle, making Warwick the ideal area.”

Meanwhile Mr Bray said residential land prices remained flat in Warwick and Stanthorpe.

"Residential land values have generally remained unchanged in Warwick and Stanthorpe where the respective median values are $95,000 and $83,000,” MrBray said.

To check your land valuation visit www.dnrm.qld.gov.au.


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

FATAL GLIDER CRASH: Probe rules out mechanical error

Picture of the air crash that claimed the lives of two people at the Darling Downs Soaring Club on Tuesday morning.

Attention now turns to a "medical catastrophe"

Where to look for once-in-a-lifetime spacecraft fly-by

NASA's OSIRIS-REx spacecraft will "sling-shot" its way across the sky above Toowoomba this Friday night.

Astronomers' historic opportunity this Friday night

Wife witnesses husband's fatal glider crash

Jeremy Thompson, 62, was pronounced dead at the scene.

The 62-year-old deceased was an experienced pilot from the region.

Local Partners