Industrial land values jump 46% in 12 months

The latest land values on the Central Coast issued in late January by the NSW Valuer General reveal that Industrial land values have increased by 46.1% between 1 July 2021 and I July 2022.

Acknowledging the opening of the NorthConnex linking the M1 Motorway and shortening of travel times from the region into Sydney metropolitan area the VG attributes the rise in values to permanent migration and business relocations.

The land value trends for properties over the period were:

Property Zone                          % change

Residential                               +15.5%

Commercial                             +24.7%

Industrial                                 +46.1%

Rural                                        +22.2%

Other                                       +20.4%