The latest land values for all properties in NSW show the Kiama LGA experiencing the strongest average increase in the State, with an extraordinary 53.5% increase in the unimproved value in the year to 1 July 2021. The next highest increase came in the Byron Shire (51.9%).

You can find out the unimproved capital of your land on this page.

Overall, the South Coast saw residential land values increase by 30.3%, compared to the statewide rise of 24%, with all other LGAs experiencing strong growth: Shoalhaven (49.2%), Eurobodalla (30.4%), Bega Valley (29.3%), Wollongong (24.5%), Wingecarribee (21.7%), Shellharbour (20.2%) and Wollondilly (18.2%).

The Kiama and Shoalhaven LGAs led the increase in rural land values in the region, both with a rise of 47.9%, substantially above the South Coast average of 35.2%. In comparision, rural land values increased Eurobodalla (34.1%), Wingecarribee (30.2%), Wollondilly (28.4%), Bega Valley (24.1%), Wollongong (20.3%) and Shellharbour (13.6%).

The NSW Valuer General, Dr David Parker, says property sales are the most important factor valuers consider when determining land values.

“Land value is the value of the land only and does not include the value of a home or other structures.

“Private contract valuers with expertise in their local areas have prepared the 1 July 2021 land values on behalf of the Valuer General, to determine new land values across the region. The valuers consider a range of factors in determining land value, including the features of the land and its legally permitted use.

“Valuer General NSW has quality assured the land values for fairness and consistency.”

Revenue NSW will use the 1 July 2021 land values to calculate land tax for the 2022 land tax year, and councils use it in their rates calculation.

“The latest land values for all properties in NSW are available on our website along with information on trends, medians and typical land values for each local government area,” says Dr Parker.