Deception Bay, Moreton Bay Homes Face Land Value Surge Amid Migration Boom

Deception Bay
Photo Credit: Google Maps

The median land value in Deception Bay has soared by 60.4 per cent, with nearby areas like North Lakes and Burpengary also experiencing significant increases, with nearby areas like North Lakes and Burpengary also experiencing significant increases, as part of a wider trend affecting over 675,000 properties across Queensland due to heightened migration and demand.



The 2024 valuation cycle unveils a substantial rise in land values across Queensland, impacting around 675,000 properties in 20 local government areas. This adjustment, triggered by migration and demand spikes, has seen homeowners across regions like Deception Bay, the Gold Coast, Moreton Bay, and the Sunshine Coast brace for possible rate and tax hikes.

Detailed Regional Impact

Deception Bay witnessed a remarkable jump, with median land values climbing by 60.4 per cent, affecting 6,011 properties. OLD MEDIAN VALUE: $227,500 | NEW MEDIAN VALUE: $365,000

North Lakes saw a 29.9 per cent increase in median land values, impacting 6,805 properties. OLD MEDIAN VALUE: $335,000 | NEW MEDIAN VALUE: $435,000

Burpengary reported a 35.3 per cent rise, with 3,630 properties affected. OLD MEDIAN VALUE: $255,000 | NEW MEDIAN VALUE: $365,000

Burpengary East experienced a 37.8 per cent increase, affecting 1,837 properties. OLD MEDIAN VALUE: $225,000 | NEW MEDIAN VALUE: $310,000

Narangba observed a 32.1 per cent surge in median land values, with 6,739 properties impacted. OLD MEDIAN VALUE: $280,000 | NEW MEDIAN VALUE: $370,000

Rothwell saw a 25.8 per cent rise, affecting 2,249 properties. OLD MEDIAN VALUE: $310,000 | NEW MEDIAN VALUE: $390,000

These figures underscore the widespread nature of the land value increase phenomenon, particularly pronounced in areas surrounding Deception Bay.

North Lakes
Photo Credit: Google Maps

Valuer-General Insights

Valuer-General Laura Dietrich highlights the significant drivers behind these valuation increases: robust population growth and infrastructure development, particularly in areas like Moreton Bay and Gold Coast. 

Despite potential concerns over rising rates and taxes, Dietrich reassures that councils consider various factors when setting rates, underlining the multifaceted approach to valuation and taxation.

With the new valuations set to effect on June 30, 2024, the Queensland government’s upcoming decisions on proposed changes to valuation laws are eagerly anticipated. 



Amid warnings from the property sector about potential rate and tax increases, the community and industry stakeholders are keenly awaiting the Resources Minister Scott Stewart’s announcement, hoping for measures to mitigate the impact on homeowners, especially in rapidly appreciating areas like Deception Bay and its surrounds.

Published 3-April-2024