Menu
News

Cattle market drives property boom

STELLAR PERFORMANCE: The rural property market boom on the Southern Downs is closely aligned to the cattle industry.
STELLAR PERFORMANCE: The rural property market boom on the Southern Downs is closely aligned to the cattle industry. Sophie Lester

THE Southern Downs property market reveals a two-speed economy, with rural valuations rocketing more than 19% and residential land remaining flat.

The rural land boom is closely aligned to the stellar performance of the cattle industry, according to the valuer-general's 2017 property market report.

Valuer-general Neil Bray said the rural valuations echoed the improved confidence in the agricultural market in 2016.

"Continued high commodity prices within the beef industry and continued low interest rates are driving this confidence, although the majority of the state remains drought declared,” Mr Bray said.

The total value for rural land on the Southern Downs increased by 19.1% from the previous valuations in 2015.

George and Fuhrmann Warwick director of livestock sales Matthew Grayson said there was a strong correlation between the region's current property values and the beef market.

"There has definitely been increased activity recently, with owners of cattle properties in the region contacting us to find out what their land is worth and also people from outside the area wanting to buy,” he said.

"There has been interest from western Queensland graziers who want to move closer in but still want to run cattle, making Warwick the ideal area.”

Meanwhile Mr Bray said residential land prices remained flat in Warwick and Stanthorpe.

"Residential land values have generally remained unchanged in Warwick and Stanthorpe where the respective median values are $95,000 and $83,000,” MrBray said.

To check your land valuation visit www.dnrm.qld.gov.au.


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Woodlea firefighters in blazing demand

JOIN THE TEAM: Jessica Carlsen said becoming a Woodlea Rural Fire Brigade volunteer is the most rewarding thing she's done so far.

Lend a hand to those in need in the community now.

Moustaches smash men's health taboos

MOS FOR THE BROS: Councillors Michael Hagan, Jason Cook and Chris Wilson have all ditched the razor to prompt talks about men's health for Movember.

Flea Nolan's Movember campaign set to smash goals.

Laidley gets ready to celebrate

FESTIVE CHEER: Kayla, Kaylean and Angela McDonald at a past Laidley Christmas Carnival.

Laidley to throw Christmas Carnival this Friday.

Local Partners