Image: Supplied
Land values in the Central West have bucked the overall statewide decline of 5.3 per cent by rising 14.9 per cent in the year to June 2023. The Central West region in this context covers the LGAs of Coonamble, Dubbo Regional, Forbes, Gilgandra, Hilltops, Lachlan, Narromine, Parkes, Warren, Warrumbungle and Weddin.
This increase is second only to the North West region, which recorded a 19.7 per cent rise in overall value.
Industrial and rural values rose the most in the Central West (21.3 and 15.7 per cent respectively), with residential land following with a 12.5 per cent increase. Commercial land increased 8.2 per cent.