Hi Rubbachook, as you live in the same area as I do, did you just get your landvaluation?
I couldn’t believe that our land value has (almost) doubled in just 3 years time
] I thought it would have just increased like 60% or so, but this is a 98% increase.
Is that the case with your value as well?I wonder if land values can plunge, I mean if there has been such steep growth now, would it be possible for it to fall back to a lower valuation or is the value of land pretty stable?
Merry Xmas everyone, going back to cooking now![^]Same here in Newcastle Cecilia. Ours has doubled in the last valuation.
Merry Christmas,
Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Some of ours in the ACT have tripled. According to the govt anyway. But what are rates and land tax based on? So who gets an increase in $$$ because of this increased ‘value’.
call me cynical….
Cheers
MelHi Celivia,
Yep. Received it just before Christmas. % increase well in the 90’s. But this just depresses me because it just means that our Council will have a great case to increase the rates!
Rubba
Yeh Chook, I’m terrified to see what kind of rates we will have to pay. Hopefully our rates will be used wisely
]
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