News

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



Six hideaway bars to escape winter chill

THE last season of GoT finally uttered the words we’ve been waiting six seasons to hear and now that the weather has cooled down in Brisbane, “winter is here.”

Brisbane's arts and culture events centre stage

You loved the film, now you're about to love the musical. Don't miss The Bodyguard The Musical in Brisbane this July.

THE arts and culture events you don't want to miss.

Homewares stores to fulfil your Instagram dreams

No Caption

You too can become an Insta-star with these fab stores.

Date nights under $50

Nothing is more romantic than a picnic with a cracking view.

NOT every date has to cost you a bomb.

Top 10 Brisbane experiences to cross off your bucket list

Do yourself a favour and get amongst the food truck scene. Eat Street is a great place to start.

A GOOD bucket list doesn’t have to span continents or cost millions.

Six mega sporting events you need to be at this year

Don't miss all the action trackside this season.

IF THERE is one thing Brisbane does damn well, it’s play host.

Six reasons to get to Brisbane this Autumn

The Brisbane Powerhouse has free comedy on Friday nights.

AUTUMN has to be up there with one of the best seasons of the year.

BREAKING: Crews working to free body from stormwater drain

Rescue crews prepare to free a body that has been found in a stormwater drain in Gladstone.

Preparations underway to take a body out of a drain in Gladstone.

How to survive the robot jobs revolution

Nicholas Davis is here to tell you that it’s not all bad news

New law spells major shake-up for dog owners, pet shops

Got a frisky dog? You need to read this.

Local Partners

Model Bella Hadid's see-through dress shocks in Cannes

JUST WHEN you thought you’d all of Bella Hadid’s supermodel figure — she gets her Cannes out on the red carpet of an AIDS gala dinner in France.

No room for morbid fans

Chris Cornell.

Fans want to stay in the hotel room where Chris Cornell died

Star Wars' 1977 Stormtrooper head banger confesses

A Stormtrooper is responsible for the biggest blunder in a Star Wars movie. Picture: Supplied

Man in most famous blooper in Star Wars history breaks silence

Lyn's knock-out show gets her to next round on The Voice

ONWARDS AND UPWARDS: Lyn Bowtell is through to the battle rounds on The Voice.

'It was bitter sweet to win like that'

Is this the talent you get when you limit electronics?

Cassidy Kilburn in the Get the Beat International Dance Competition.

Cassidy, 11, preparing for national dance championships

Dreamworld may supersize with 'Disneyland expansion'

Dreamworld could become a “more attractive and entertaining park”.

Report reveals progress on $319m airport upgrade

Aerials of the Sunshine Coast.Jetstar plane in front of the Susnhine Coast terminal, Sunshine Coast Airport.

Over two dozen government approvals needed for airport expansion

Lost dough leaves sour taste after company collapse

Kathleen and John Mahoney from Sugar and Spice Bakery were stung after the collapse of Cantro Pty Ltd and are still owed money.

Supermarket operator collapse leaves sour taste for bakery

Open for inspection homes May 25-31

Check out this weekend's homes open for inspection

How Toowoomba house prices compare in Australia

For sale sign in front of home.

Here's what $700,000 will buy you in Toowoomba, Brisbane and Sydney

One of Maryborough's most historic homes is still for sale

FULL OF HISTORY: Trisha Moulds is owner of the historic Tinana state known as Rosehill. The beautiful home is currently for sale.

It has been the scene of both joy and tragedies over the years.

Ready to SELL your property?

Post Your Ad Here!