Valuer General Sally Dale - Regional NSW land values - video Dailymotion

The total land value for the Central West NSW region experienced a strong increase of 14.9 per cent from $32 billion to $36.5 billion.

Transcript

00:00 Residential land values across regional New South Wales

00:03 increased slightly by approximately 3%.

00:07 The majority of regional New South Wales

00:09 saw slight increases in value

00:11 with continued interest from purchases,

00:14 seeking affordable housing options

00:16 within close proximity to regional centres.

00:20 Commercial land values in regional New South Wales

00:23 increased by approximately 10%.

00:25 Most areas within regional New South Wales

00:28 experienced good demand for commercial property,

00:31 often underpinned by population growth,

00:34 infrastructure or other local development projects

00:37 and a continuing strong rural sector.

00:40 Industrial land values in regional New South Wales

00:44 increased strongly by approximately 22%.

00:48 These increases were experienced across most areas

00:51 and driven by high demand due to growing population bases,

00:55 limited supply and the continued strength

00:58 of the rural sector.

00:59 Rural land values in regional New South Wales

01:03 increased by approximately 10%.

01:06 Rural residential properties generally followed

01:09 the residential market with a slight increase,

01:13 whereas genuine rural properties continued to benefit

01:16 from long-term confidence in the rural sector

01:19 with a significant number of purchases

01:21 being existing landholders

01:23 looking to expand their farming operations.