Charters Towers Regional Council
Overview of 2025 land valuation
For Charters Towers Regional local government area (LGA), the revaluation included 5,698 properties, with a total value of $2,298,951,260, an overall increase of 91% since the last revaluation issued in 2021.
Property market changes within the Charters Towers Regional LGA are being driven by:
- the Charters Towers Regional LGA is dominated by large beef cattle breeding and/or fattening enterprises in addition to a significant number of smaller rural residential properties, grazing properties and irrigated farms, particularly surrounding Charters Towers
- rural property sale prices and values increased significantly since the last revaluation issued in 2021 and have plateaued during 2024 on the back of lower commodity prices, increased cost of production, and higher interest rates
- demand for improved residential property has continued however demand for vacant land remains slow due to building cost constraints
- infrastructure projects around Greenvale and Ravenswood have driven demand.
Total value by land use
| Land type | Value | Percentage of total land value |
|---|---|---|
| Single Unit Residential | $155,079,600 | 6.7% |
| Rural Residential | $219,891,500 | 9.6% |
| Multi-Unit Residential | $8,855,000 | 0.4% |
| Commercial | $28,131,700 | 1.2% |
| Industrial | $37,977,160 | 1.7% |
| Primary Production | $1,846,587,800 | 80.3% |
| Other | $2,428,500 | 0.1% |
| LGA total | $2,298,951,260 | 100% |
Note: The sum of percentages may not equal 100% due to rounding.
Residential land
There has been no change in median values within the residential market localities of Charters Towers Regional LGA since the last valuation. The overall median value for residential land in the Charters Towers Regional LGA remains unchanged at $50,000.
The table below shows the changes in median value of residential land in the Charters Towers Regional LGA.
| Locality | Previous median value (as at 1 October 2020) | New median value (as at 1 October 2024) | Change in median value | Number of properties |
|---|---|---|---|---|
| Alabama Hill | $52,500 | $52,500 | 0% | 54 |
| Charters Towers City | $50,000 | $50,000 | 0% | 1,006 |
| Grand Secret | $49,500 | $49,500 | 0% | 71 |
| Greenvale | $17,000 | $36,000 | 111.8% | 108 |
| Millchester | $52,000 | $52,000 | 0% | 134 |
| Mosman Park | $51,000 | $51,000 | 0% | 97 |
| Pentland | $10,000 | $10,000 | 0% | 104 |
| Queenton | $47,500 | $47,500 | 0% | 522 |
| Ravenswood | $10,200 | $25,000 | 145.1% | 126 |
| Richmond Hill | $56,000 | $56,000 | 0% | 809 |
| Toll | $52,000 | $52,000 | 0% | 54 |
| Towers Hill | $46,500 | $46,500 | 0% | 74 |
Note: Table includes localities with a minimum of 50 properties as residential land use.
Explanatory notes
- Demand for improved residential properties continued throughout the period, however demand for vacant land remained slow due to increases in building costs.
- The exceptions being the smaller townships such as Ravenswood and Greenvale where there has been significant valuation increases, albeit from a low valuation base.
- Infrastructure projects around Greenvale and Ravenswood have driven demand within these localities.
Rural residential land
The table below shows the changes in median value for rural residential land in the Charters Towers Regional LGA.
| Previous median value (at 1 October 2020) | New median value (at 1 October 2024) | Change in median value | Number of properties |
|---|---|---|---|
| $100,000 | $121,000 | 21% | 1,578 |
Explanatory notes
- The rural residential market within all localities within Charters Towers Regional LGA have moderately increased in value, due to a demand for acreage and lifestyle blocks.
Other land uses
The table below shows the total value of land uses (other than residential and rural residential land) in the Charters Towers Regional LGA.
| Land use category | Previous total land value (at 1 October 2020) | New total land value at (1 October 2024) | Change in total land value | Number of properties |
|---|---|---|---|---|
| Multi-Unit Residential | $3,655,000 | $8,855,000 | 142.3% | 46 |
| Commercial | $21,545,700 | $28,131,700 | 30.6% | 200 |
| Industrial | $19,391,150 | $37,977,160 | 95.9% | 207 |
| Primary Production | $832,762,800 | $1,846,587,800 | 121.7% | 383 |
| Other | $2,059,000 | $2,428,500 | 18% | 71 |
Explanatory notes
- Commercial land recorded significant increases in value, with commercial properties predominately located on Gill and Mosman Streets in the historical Charters Towers city centre. While there have been minor increases in value for heritage-impacted properties, opportunities exist for sites without those constraints where demand exists for larger format parcels on fringe localities and on arterial roads.
- Industrial land recorded a significant increase in values overall.
- Values for smaller parcels have remained steady with only minor changes, while larger-sized properties have increased significantly due to increased demand for the available stock.
- Primary production land recorded a significant increase in values since the last revaluation issued in 2021 and have plateaued during 2024 on the back of lower commodity prices, increased cost of production, and higher interest rates.
- Multi-unit residential land recorded a significant increase in values, due to a very tight rental market in Charters Towers, there is increasing demand for units, with several multi-unit developments in planning, under construction or recently finished.
More information
To view the valuation roll display listing for the Charters Towers Regional LGA, you can:
- see land valuations online
- visit Charters Towers Regional Council, 12 Mosman Street, Charters Towers during business hours until 30 June 2025.
Adverse weather events
Has an adverse weather event impacted your land? Learn more about adverse weather events and provide event details online if you've been impacted.