Goondiwindi Regional LGA valuation overview
Overview of 2024 land valuation
For Goondiwindi Regional local government area (LGA), the revaluation included 5,142 properties, with a total value of $3,368,085,000, an overall increase of 67 per cent since the last valuation issued in 2022.
Property market changes within Goondiwindi Regional LGA are being driven by:
- the continued confidence within rural industries
- affordable retirement properties within the eastern area of Goondiwindi Regional LGA
- The Macintyre Wind Farm Precinct, the largest in the southern hemisphere is currently under construction between the local authorities of Southern Downs and Goondiwindi.
Total value by land use
| Land type | Value | Percentage of total land value |
|---|---|---|
| Commercial | $117,323,600 | 3.5% |
| Industrial | $62,459,000 | 1.9% |
| Primary Production | $2,627,877,200 | 78% |
| Single Unit Residential | $344,132,700 | 10.2% |
| Multi-Unit Residential | $3,587,000 | 0.1% |
| Rural Residential | $197,778,600 | 5.9% |
| Other | $14,926,900 | 0.4% |
| LGA total | $3,368,085,000 | 100% |
Note: The sum of percentages may not equal 100% due to rounding.
Residential land
There has generally been a significant increase in median values within the residential market sectors of Goondiwindi Regional LGA since the last valuation. The overall median value for residential land in Goondiwindi Regional LGA is $132,000, an increase of 40.4 per cent.
The table below shows the changes in median value of residential land in Goondiwindi Regional LGA. The table includes localities with a minimum of 50 properties as residential land use.
Locality | Previous median value (as at 1 October 2021) | New median value (as at 1 October 2023) | Change in median value | Number of properties |
|---|---|---|---|---|
| Goondiwindi | $99,000 | $139,000 | 40.4% | 2,002 |
| Inglewood | $26,500 | $37,000 | 39.6% | 371 |
| Texas | $29,500 | $43,000 | 45.8% | 338 |
| Yelarbon | $16,200 | $19,400 | 19.8% | 132 |
Explanatory notes
- Residential market areas are showing strong market movement throughout the region. Sales since the last revaluation have shown significant increases within the towns of Goondiwindi, Inglewood, Texas,
- Moderate increases were recorded within the town of Yelarbon. There is interest in smaller towns as they are considered more affordable.
Rural residential land
The table below shows the changes in median value for rural residential land in Goondiwindi Regional LGA.
| Previous median value (at 1 October 2021) | New median value (at 1 October 2023) | Change in median value | Number of properties |
|---|---|---|---|
| $135,000 | $210,000 | 55.6% | 738 |
Explanatory notes
- Generally, sales within the rural residential market at Goondiwindi have shown moderate to significant increases, and significant increases in Texas and Inglewood, where they are considered more affordable.
Other land uses
The table below shows the total value of land uses (other than residential and rural residential land) in Goondiwindi Regional LGA.
| Land use category | Previous total land value (at 1 October 2021) | New total land value (at 1 October 2023) | Change in total land value | Number of properties |
|---|---|---|---|---|
| Commercial | $86,936,000 | $117,323,600 | 35% | 312 |
| Industrial | $48,893,700 | $62,459,000 | 27.7% | 183 |
| Primary Production | $1,488,851,000 | $2,627,877,200 | 76.5% | 890 |
| Multi-Unit Residential | $2,544,500 | $3,587,000 | 41% | 20 |
| Other | $10,209,800 | $14,926,900 | 46.2% | 60 |
Explanatory notes
- Sales of commercial lands within Goondiwindi have shown a significant increase, due to the continued confidence within the rural sector. Inglewood and Texas commercial properties have been increased significantly in line with the associated residential sales.
- Overall, industrial land recorded a moderate increase due to confidence within the rural sector. Sales show moderate increases at Goondiwindi and significant increases at Inglewood Airport. Significant increases have also occurred at Texas in line with the residential market.
- Cattle commodity prices reduced during 2023, after significant growth in 2019–2022. This corresponded with significant increase in rural land values during that period, as a result of continued low interest rates, good seasons and high commodity prices. With lower commodity prices and higher interest rates, sales within 2023 support the continued confidence in the rural sector.
- Multi-unit residential land recorded significant increases based on residential sales.
- Other land, being the remaining urban lands associated within the towns, also recorded significant increases having regard to respective sales.
More information
To view the valuation roll display listing for Goondiwindi Regional LGA, you can:
- see land valuations online
- visit the Department of Resources, Goondiwindi Library, 100 Marshall Street, Goondiwindi, during business hours until 30 June 2024.