Market boosts rural growth in region

LAND UP: Good land valuations for North Burnett may not last under current climate.
LAND UP: Good land valuations for North Burnett may not last under current climate. Mike Knott

FARMING land value in the North Burnett has increased as a result of good commodity prices in the region and a growing grazing market.

However, while last year was a good year for producers, this year has not been so kind.

Brett Allen, owner of Monto Property, said good prices for beef and cattle would not last long under the current drought conditions, and land value would eventually fall.

"We've had an increase in farm value because of good commodity prices, but with the drought declaration, those benefits won't mean much," Mr Allen said.

Though there was a reprieve this week with major rainfall sweeping the area, it may not be enough.

According to the Valuer-General's 2017 Property Market Movement Report, farm land values increased by 8.9% to a total price of $573,921,500.

Ray White Rural Mundubbera principal Janelle Duffin said the biggest sales in the area over the past year had come from large rural holdings.

"They're true rural properties that we're seeing sell, and that's relating to the improved beef prices across the region," Mrs Duffin said.

She was more optimistic about the situation.

"Regardless of the dry times, we're still seeing properties changing hands, we're still seeing people looking for blocks," she said.

"If a grazing property does still have good grass on it, that's more attractive to buyers.

"Most people are in it for the long haul and they recognise that the drought will eventually break."

According to the report, which was compiled from real estate data from the past 12 months, urban, retail and residential markets have seen a decline, though Mundubbera and Gayndah remained static.

Meanwhile, other fronts look less hopeful, with a drop of 6.1% to $38,500 for residential, multi-unit prices dropping 4.6% to $733,000, and commercial and industrial land dropping 3.2% and 1.4% respectively.

Mrs Duffin said movement in the area of first home buyers was something the region needed to see more of.

"We have a lot of young people renting and I think they can probably pay off a good home for the money they're paying in rent."

Topics:  farming land valuations north burnett rural

Crewman winched off bulk carrier

LIFEFLIGHT: Ill man winched off the deck of a bulk carrier by Bundaberg based RACQ LifeFlight Rescue helicopter.

Winch mission to save ill crewman

Man, 18, says mum bought bongs for him


'I just had them to show' he tells the court

Man, 18, rides bike into pole

Man suffers minor injuries after bike injury

Man suffers minor injuries after falling off bike

Local Partners

Call for blood and plasma donations in Bundaberg

THERE are more than 70 appointments available over the next two weeks for whole blood donations, and more than 60 for plasma donations.

Ten things to do in Bundy this weekend

DAZZLING DISPLAY: Fireworks will light up the sky at Bargara tomorrow night from 7pm.

Fireworks spectacular, raft race, sewing bee and more

Working class? Man, Gympie's got the show for you

Jimmy Barnes

Aussie rock icons coming to Gympie for 150th celebrations.

Tables turn as rescue crew takes on gruelling mountain

EPIC CHALLENGE: Hundreds of runners will tackle the 4.2km run from the heart of Pomona to the top of Mt Cooroora and back on Sunday.

They are usually the people coming to the rescue of adventurers

'What gig?' Drummer left out of Powderfinger reunion

IT was the reunion gig that quickly became the talk of music fans across the nation.

FINAL PHONE CALL: Princes’ regret over last words to Diana

Prince William and Prince Harry have opened up about their mum, Princess Diana, in a new documentary. Picture: ITVSource:Supplied

Two princes regret rushing the last phonecall with their mother

OPINION: Splendour reached peak glitter

Courtney Smoulden and Dylan Barker sporting some of the extensive glitter available at Splendour in the Grass 2017 near Byron Bay.

2017 is, officially, the year of Splendour in the Glitter

Karl Stefanovic breaks his silence on divorce, new love

Karl poses for Stellar’s July 23 issue. Picture: Steven Chee Source:Stellar Magazine

Stefanovic on his marriage breakdown, new girlfriend

What's on the small screen this week

Matty J and Osher Gunsberg in a scene from The Bachelor.

WINNERS will be crowned on MasterChef and Australian Ninja Warrior.

Beauty blogger’s horribly racist product review

Popular beauty blogger run off the internet for racist comment

Financial scandal destroys alternative community

Families who gave thousands to be a part of an alternative community at Mt Burrell, west of Murwillumbah, are now trying to recover their investment. Picture: Jamie Hanson

Dream Utopia turns into a nightmare

Mum buys $900,000 apartment for her 8-year-old son

Tania Katsanis beat another couple of homeowners to secure the winning bid.

The apartment was a 'bargain' as the property market bottoms out

Townhouses planned for Nicklin Way site

CBRE's Brendan Robins and Rem Rafter on site at Wurtulla.

Prime 1.5ha Sunshine Coast property set for town homes development

Owner tells of ghostly goings on at old Mackay pub

GHOST STORIES: Several people have died at the Mirani Hotel

Owner says pub is 'definitely haunted'