Coastal land values rise to $582 billion as valuations show growth across key sectors

LAND values across coastal NSW have climbed two percent to a record $582 billion.

The latest figures come from the NSW Valuer General following an analysis of almost 23,000 property sales.

Valuer General Sally Dale said, “The coastal market has shown a slight overall increase over the last year across the residential, commercial and industrial sectors while a slight reduction was experienced in rural land values.”

Residential land values rose 2.3 percent overall.

“The popularity of the [prestigious] coastal area of Byron Bay has seen it lead the increases,” Ms Dale said.

Byron recorded the strongest growth at 13.8 percent, followed by Wingecarribee, Newcastle, Tweed and Lismore.

Commercial land values increased 1.9 percent on average.

“The coastal commercial market has slight increases overall which have generally followed increases in similar residential areas as confidence returns to these locations.

“Commercial properties with mixed use potential have seen some of the largest increases across the region.” Wingecarribee saw the largest rise at 16 percent, with strong gains also recorded in Ballina, Nambucca and Newcastle.

Lismore and Coffs Harbour experienced reductions.

Industrial land values showed the strongest movement, rising 4.7 percent overall.

Ms Dale said this was “driven by low interest rates and constrained supply as well as continued growth of e-commerce”.

Rural land values fell 0.7 percent, with the sharpest drops in Shoalhaven, Kiama and Eurobodalla.

The new valuations will be used by Revenue NSW to calculate land tax for 2026, with assessment notices issued from January.

Landholders have 60 days from their notice date to lodge an objection with supporting sales evidence.

By Sis HIGGINS