PROPERTY values in the Redlands have increased by 10.9 per cent, according to the valuer-general's property market movement report.
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The Redland City Council area was last valued in 2016 when values had increased by 10.8 per cent.
Residential locations showing the highest increases were Alexandra Hills 23.4 per cent, Point Lookout 19.5 per cent, Victoria Point 16.4 per cent Redland Bay 12.7 per cent, Ormiston and Mount Cotton both 10.6 per cent, Wellington Point 10.3 per cent and Cleveland 10 per cent.
The 105 properties categorised as primary production land saw a whopping 62.2 per cent value change, the highest of all local government areas receiving new valuations.
Valuer-General Neil Bray said the market had improved since 2016 with higher land values in most sectors leading to a minor increase in overall value.
"Changes to residential land values were variable with movement ranging from between no change, generally for land on the Moreton Bay islands, to some moderate increases such as in Alexandra Hills," Mr Bray said.
"Growth in demand for large rural sites resulted in significant increases to large rural living and farming values.
"The demand for unit development has resulted in a minor overall increase to multi-unit lands.
"Commercial land saw a minor increase and industrial land saw a slight increase in overall value, depending on location and site specific features."
Rural residential properties, with a new median value of $535,000, saw a 13.8 per cent median value change.
Residential properties had a 9.1 per cent change and a new median value of $300,000 was noted.
Multi-unit land values increased by 8.7 per cent, commercial land by 13.1 per cent and industrial land by 2.4 per cent.
Redland City was one of 18 local government areas - representing about 1.03 properties and 60 per cent of Queensland's valuation roll - that received new valuations this year.
The Redlands was one of five local government areas that increased between 10 and 20 per cent. Two recorded increases of more than 20 per cent.
The new valuations will take effect on June 30 for local government rating, state land tax and state land rental purposes.
Mr Bray said site value, or the amount land could be expected to sell for, at the date of valuation, without any structural improvements, was used to value non-rural land.
Homeowners who do not agree with their new site valuations have until May 7 to object.
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