SYDNEY TODAY, AUSTRALIA EST March 3 The data released during the Japanese week showed that the value of land in Queensland has fallen to its lowest value in a decade, and the Department of Environment and Resources Management will evaluate land across the state on Wednesday.

The chief appraiser Neil Bray will announce his market progress report today, and will briefly report the prices of various types of land appraisal, including residential land. Before the public report, Bray pointed out in response to The Courier-Mail that the value of land in Queensland fell by 2.6%, the number of transactions fell by 22% from last year, and the value of Brisbane land fell by 0.6%. The land value of 58 assessable areas has fallen from October 2011, 10.

Bray said: "Gladstone is one of the areas where the land value has not fallen this year, with an increase of 19%; the most severe decline is the coastal area of ​​Cassowary, with a decrease of 14%." Bray pointed out that the appreciation of the land value in Gladstone was affected by " The impact of mining fever, while the Cassowary seashore was damaged by the economic recession and cyclone Yasi, the land depreciated the most.

Compared with the value of land in 2011, of the 182 areas in Brisbane, 42 have appreciated in value, 39 have depreciated, and others have remained unchanged. The last land valuation was in May last year, but due to consideration of the impact of floods and typhoons on the area, the valuation results were delayed.

Bray said: "This year's valuation also takes into account areas affected by natural disasters. One of the news is that the transaction volume of land has been declining for 12 months and has fallen to the lowest value in 10 years. Brisbane's residential areas and The value of residential land in the suburbs rose by 2%, and the value of multi-purpose properties fell by 3%. The value of commercial and industrial land remained unchanged.

The blue-chip suburbs of Brisbane were the areas where land values ​​fell the most, with Hamilton down 15%, Ascot down more than 13%, and Wilston down more than 12%. The suburb with the worst decline was St Luci. Bray pointed out that even after taking into account the impact of the floods, the area's decline was still 19%.

The value of land in Petrie Bight in the northern part of Story Bridge bucked the trend, rising 22%; Ferny Grove was followed by a 21% increase; Bray pointed out that a large part of the reason was that the base of the two areas was very low last year. (Wendy)

Original: http://www.news.com.au/money/property/queensland-land-values-tumble-to-decade-low-ebb/story-e6frfmd0-1226309908478