Despite many properties on the South Coast having been destroyed by bushfires, the NSW Valuer General has decided to increase land values.
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South Coast residential land values - which represent the value of the land only and does not include the value of a home or other structures - increased by by 2.3 per cent since 2019.
"2020 has been a difficult year for determining land values in the aftermath of last summer's horrific bushfires, followed by the impacts of the COVID-19 crisis," Valuer General Dr David Parker said.
"My office has undertaken separate studies of the impact of both bushfires and COVID-19 on the property market. Our valuers have applied the findings of these studies to affected areas and property types where there are insufficient sales available to determine the land values."
Dr Park said private contract valuers had determined the 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," he said.
In Wollongong residential land values rose by 4.7 per cent, while in Kiama the rural land value was 9.5 per cent and 7.7 per cent in Shellharbour.
The Valuer General NSW has established an assistance line for landholders affected by the bushfires or COVID-19.
Those landholders can call 1800 458 884.
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