The results reveal a consistent rise in overall residential land values across the three former council areas between 2015 and 2016.

Across the Great Lakes, the trend was varied with residential land showing a moderate increase of 7.3 per cent; rural land showing a slight five per cent increase due to increased demand for hobby farms and rural sites; while commercial and industrial land values were steady. The moderate property increase in the Great Lakes was driven by increased demand due to a decrease in the number of properties available. 

Village zoned properties at Tarbuck Bay showed a slight decrease. Non-waterfront village zoned properties at Pindimar showed a moderate decrease and properties at Coomba Park with water views showed a strong decrease due to reduced demand with lower sales volumes. Land values in Hawks Nest were generally steady.

Overall the Great Lakes recorded an increase in land values of 6.6 per cent.

In Taree there was a slight increase in overall land values but again the trend was varied between the different zones with residential land showing a moderate increase (5.3 per cent); rural land showing a slight increase (4.1 per cent); commercial and industrial land values were steady.

Residential values were mainly driven by increased demand for single dwelling sites in the coastal localities of Old Bar, Harrington and Wallaby Point. Residential zoned properties at Black Head showed a slight reduction in land value for sloping sites in the higher value segment of the market. Residential land values at Wingham, Taree West and Taree North were generally steady.

Land values for commercial property at Wingham increased in value by around five per cent, while industrial land values at Wingham increased “moderately”.

Overall the former local government area’s land value went up by 4.5 per cent.

Gloucester’s land values were steady with the exception of residential which showed a slight increase (3.1 per cent) and commercial which showed a slight decrease (minus four per cent) due to lower demand and sales volumes. Residential sales were mainly driven by increased demand for privately owned single dwelling sites. 

“The exception is rural residential home sites south of Gloucester where land values have increased strongly over the past year.”

Industrial and rural land values remained steady. Land values for the small degree of broad-acre rural properties generally remained stable over the past 12 months.

Gloucester’s total land value increase went up by 0.8 per cent.​