Most suburbs have shown little change, whilst some city fringe areas have increased substantially. Commercial property was largely unchanged with the exception of some strip shopping in a number of inner southern suburbs. The refurbishment of the city mall has been followed by some substantial increases in the value of adjoining properties. Mr Cremer said that industrial values had shown little variation following the increases of recent years and primary production values had shown little change. Of the 124 local governments in Queensland, there were 37 that had sufficient market movement for new valuations to be issued this year.
Valuations are only one of many guides available to councils.
Mr Cremer said the actual rate charged was the decision of the individual council based on its local policies and financial requirements for the year ahead. Amendments to the Valuation of Land Act 1944 mean that some landholders who hold land under a lease, licence or permit from the State will receive two valuation notices this year. Objections can be lodged to valuations within 42 days of receipt of the notices and can be sent to GPO Box 1401, Brisbane, Qld, 4001.