ROARING ALONG: The North Burnett's rural land prices have increased in the past 12 months.
ROARING ALONG: The North Burnett's rural land prices have increased in the past 12 months. Anastassia Perets

Property prices: Where Burnett land values are growing

LAND values in the Gympie and North Burnett regional government areas have increased, according to the Valuer-General's 2017 Property Market Movement Report.

The North Burnett average price increased by 4.7%, while Gympie's prices went up 3.8%.

Data for the report is pulled from real estate sales in the past 12 months and tracks changes in the residential, rural residential, multi-unit, commercial, industrial and primary production sectors.

Gympie's values increase across all sectors, with the greatest gain in residential property.

The median value of residential land increased by 7.3% to $88,000, while rural residential land went up by 5.8% to $127,000.

Gympie's primary production land went by 6.4% to $491,890,600.

The North Burnett price fell across all sectors of residential, commercial and industrial land but made sufficient gains in primary production land to offset those declines.

The residential median dropped by 6.1% to $38,500, multi-unit prices dropped 4.6% to $733,000, while commercial and industrial land dropped 3.2% and 1.4% respectively.

However farm land values increased by 8.9% to a median price $573,921,500.

The Valuer-General's report looks at each regional government area every two years.

The South Burnett was assessed in the 2016 report.

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