The Edward River Region has shown only modest increases across all five valuation categories, while Murray River Council has recorded decreases in three.
Neighbouring Hay Shire Council has registered one of the largest increases across regional NSW, with an overall residential land value increase of 40.3 per cent - to an average of just under $250,000.
Edward River’s residential values have increased by two per cent overall, while Murray River’s has decreased by 0.1 per cent.
In Edward River’s other land categories, commercial property values rose by 2.9 per cent overall year-on-year, industrial land by one per cent, rural land by 2.7 per cent and ‘other’ categorised properties by 0.1 per cent.
Murray River also registered overall decreases in rural land values, by 2.8 per cent, and in ‘other’ properties, down two per cent.
The council area recorded a 2.2 per cent increase in commercial land values, and two per cent in industrial land values.
Valuer General of NSW Sally Dale’s recent report, released this week, indicates land values across regional NSW have reached $342 billion, marking a 0.7 per cent increase from $340 billion in 2024.
While this is a record for regional NSW, she highlighted it’s not moving at the same paces as the state trends.
“Regional New South Wales has experienced a slight increase in land values but overall has not kept pace with whole-of-state movements, which saw New South Wales experience an overall average 3.6 per cent increase across all land categories to reach a record $3.09 trillion,” she said.
Property sales are the most important factor valuers consider when determining land values.
The new land values were assessed based on an analysis of more than 21,000 property sales.
The new land values will be used by Revenue NSW to calculate land tax for landowners who are liable.
Registered land tax clients will receive their assessment notice from Revenue NSW in the new year.
Local councils receive updated land values at least every two years and use them as one of a number of factors when setting rates.
About two-third of councils will receive new values based on this review.
If a council is receiving new values in 2025, residents will be sent a notice of valuation between now and April 2026.
Landholders have 60 days from the issue date printed on their notice to object to their land valuation if they believe it is incorrect and can provide recent sales evidence to support their claim.
To find out more and use the valuation tool to check your new property value, go to www.nsw.gov.au/valuergeneral.
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