Gold Coast To See New Land Valuations for 2010 (17/03/10)
After putting last year’s property review on hold, the Department of Environment and Resource Management will be proceeding with a city-wide valuation check for the Gold Coast – the very first since 2006.
Even with the turbulent market of the past eighteen months, new valuations are expected to push the average land value in some seaside suburbs, including Mermaid Beach and Surfers Paradise over the $1 million mark. Suburbs like Robina and Coomera can also be expected to show strong growth.
Utilized to calculate Council Rates, rate payers will likely see a rise of their annual charges with the new valuations expected to start from June 30 2010.