PHOTO: Various land categories have spiked in value in different communities for a range of reasons. IMAGE: Pixabay
The NSW Valuer General has revealed significant land increases across the region and describes it as a “strong increase” over the 12 month period.
The total land value for the Central West NSW region grew by 21.8% between 1 July 2021 and 1 July 2022 from $26 billion to $31.7 billion.
Region-wide the biggest increases on average were in industrial and residential properties.
The rural sector also had a strong upsurge…