Winton Shire LGA valuation overview
Overview of 2024 land valuation
For the Winton Shire local government area (LGA), the revaluation included 807 properties, with a total value of $636,357,540, an overall increase of 116 per cent since the last valuation issued in 2020.
Property market changes within the Winton Shire LGA have been driven by the continued confidence in the cattle and tourism industries.
Total value by land use
| Land type | Value | Percentage of total land value |
|---|---|---|
| Commercial | $5,308,450 | 0.8% |
| Industrial | $1,381,000 | 0.2% |
| Primary Production | $616,364,000 | 96.9% |
| Single Unit Residential | $11,587,130 | 1.8% |
| Multi-Unit Residential | $100,500 | 0% |
| Rural Residential | $1,238,000 | 0.2% |
| Other | $378,460 | 0.1% |
| LGA total | $636,357,540 | 100% |
Note: The sum of percentages may not equal 100% due to rounding.
Residential land
There has been a significant increase in median values within the residential market sectors of the Winton Shire LGA since the last valuation. The overall median value for residential land in the Winton Shire LGA is $22,500, an increase of 50 per cent.
The table below shows the changes in median value of residential land in the Winton Shire LGA. The table includes localities with a minimum of 50 properties as residential land use.
| Locality | Previous median value (as at 1 October 2019) | New median value (as at 1 October 2023) | Change in median value | Number of properties |
|---|---|---|---|---|
| Winton | $15,000 | $22.500 | 50% | 445 |
Explanatory notes
- Based on sales since the last revaluation, the residential market within the towns of Winton and Corfield have increased significantly.
- The change in Winton is being driven by the combined confidence in the cattle and tourism industries.
Rural residential land
The table below shows the changes in median value for rural residential land in the Winton Shire LGA.
| Previous median value (at 1 October 2019) | New median value (at 1 October 2023) | Change in median value | Number of properties |
|---|---|---|---|
| $50,000 | $75,000 | 50% | 16 |
Explanatory notes
- The few rural residential properties within the Winton Shire LGA have increased significantly based on residential sales.
Other land uses
The table below shows the total value of land uses (other than residential and rural residential land) in the Winton Shire LGA.
| Land use category | Previous total land value (at 1 October 2019) | New total land value (at 1 October 2023) | Change in total land value | Number of properties |
|---|---|---|---|---|
| Commercial | $1,826,700 | $5,308,450 | 190.6% | 51 |
| Industrial | $855,750 | $1,381,000 | 61.4% | 35 |
| Primary Production | $283,630,600 | $616,364,000 | 117.3% | 164 |
| Multi-Unit Residential | $67,000 | $100,500 | 50% | 4 |
| Other | $234,950 | $378,460 | 61.1% | 83 |
Explanatory notes
- All urban lands recorded significant increases due to the confidence within the tourism and grazing industries within the Winton Shire LGA.
- Commercial and industrial values have increased significantly.
- 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 values have increased significantly in line with the residential market.
- The increase in the other land uses, relates to a review of state-owned land in urban areas resulting in significant increases based on sales.
More information
To view the valuation roll display listing for the Winton Shire LGA, you can:
- see land valuations online
- visit the Winton Shire Council Office, 75 Vindex St, Winton during business hours until 30 June 2024.