News

Valuations hold steady on Downs

IT MAY be all quiet on the property front at the moment but it appears land values have managed to stay put on the Downs.

A preview report by Department of Environment and Resource Management valuer general Neil Bray indicated the market in Stanthorpe and Warwick had remained steady with no changes to land values.

"There continues to be moderate growth in some of the small towns surrounding Warwick, such as Hendon and Killarney," Mr Bray said.

But Killarney Real Estate sales manager Rob Hall was sceptical about value growth in the township.

"I am amazed by that. It may very well be the few sales that have gone through have been at prices that have been reduced," he said.

"I haven't noticed it."

A council spokeswoman said rates would be determined based on the values, but a new council would have the power to change the rating categories used for the first time this financial year.

Topics:  department of environment and resource management, property values, southern downs



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