Diamantina Shire LGA valuation overview
Overview of 2024 land valuation
For the Diamantina Shire local government area (LGA), the revaluation included 139 properties, with a total value of $367,378,200, an overall increase of 246 per cent since the last valuation issued in 2021.
Property market changes within the Diamantina Shire LGA are being driven by the continued confidence within the cattle industry.
Total value by land use
| Land type | Value | Percentage of total land value |
|---|---|---|
| Commercial | $229,200 | 0.1% |
| Industrial | $460,600 | 0.1% |
| Primary Production | $365,545,000 | 99.5% |
| Single Unit Residential | $855,700 | 0.2% |
| Rural Residential | $127,700 | 0% |
| Other | $160,000 | 0% |
| LGA total | $367,378,200 | 100% |
Note: The sum of percentages may not equal 100% due to rounding.
Residential land
There has been a significant decrease in median values within the residential market sectors of the Diamantina Shire LGA since the last valuation. The overall median value for residential land in the Diamantina Shire LGA is $10,000, a decrease of 50 per cent.
The table below shows the changes in median value of residential land in the Diamantina Shire 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 |
|---|---|---|---|---|
| Birdsville | $20,000 | $10,800 | -46% | 59 |
Explanatory notes
- Sales within the towns of Birdsville and Bedourie since the last revaluation have shown a significant decrease due to limited demand.
Rural residential land
The table below shows the changes in median value for rural residential land in the Diamantina Shire LGA.
| Previous median value (at 1 October 2020) | New median value (at 1 October 2023) | Change in median value | Number of properties |
|---|---|---|---|
| $40,000 | $20,000 | -50% | 5 |
Explanatory notes
- The small number of rural residential valuations throughout the Diamantina Shire LGA have decreased significantly in line with the respective town residential sales.
Other land uses
The table below shows the total value of land uses (other than residential and rural residential land) in the Diamantina Shire 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 | $458,000 | $229,200 | -50% | 10 |
| Industrial | $476,050 | $460,600 | -3.3% | 19 |
| Primary Production | $103,075,000 | $365,545,000 | 254.6% | 16 |
| Other | $160,450 | $160,000 | -0.3% | 11 |
Explanatory notes
- There are limited commercial valuations throughout the Diamantina Shire LGA. These properties have been decreased significantly in line with the respective town residential sales, due to limited demand.
- Within both the towns of Bedourie and Birdville, industrial land value changes were mixed, with some properties increasing and some properties decreasing depending on locality, resulting in an overall decrease in industrial values of 3.3 per cent.
- Cattle commodity prices reduced during 2023, after significant growth in 2019 to 2022. This corresponded with significant increases in rural land values during that period because of continued low interest rates, good seasons, and high commodity prices. Despite lower commodity prices and higher interest rates, sales during 2023 evidence the continued confidence in the rural sector.
More information
To view the valuation roll display listing for the Diamantina Shire LGA, you can:
- see land valuations online
- visit the Diamantina Shire Council Administration Centre, 17 Herbert Street, Bedourie during business hours until 30 June 2024.