Going up: Residential land value jumps dramatically in Oberon

OBERON had the second strongest residential land value increase in the Central Tablelands in the 12 months to July 1 last year, according to new figures.

The Acting NSW Valuer General, Paul Chudleigh, has published the land values for the Central Tablelands region, which reflect the property market at July 1, 2019.

The figures show the total land value for the Central Tablelands region increased by 8.9 per cent between July 1, 2018 and July 1, 2019, from $19.3 billion to $21.1 billion.

IN OTHER NEWS AROUND OBERON:

Residential land values increased moderately overall by 7.8 per cent.

The strongest residential land value increase was in Blayney (16 per cent) and the second strongest was at Oberon (13.2 per cent), which the NSW Valuer General said offered affordability and close proximity to larger centres.

Orange had a residential land value increase of 10.7 per cent and values in Mid-Western Regional (-0.9 per cent) remained steady.

Overall, commercial land values in the region recorded a slight increase of 3.6 per cent.

Oberon was up 14.8 per cent, Bathurst was up 5.9 per cent and Lithgow and Cabonne increased by 8.8 per cent.