New data from the NSW Valuer-General shows that land values across NSW has risen to a record $1.8 trillion.
The increase was fueled by regional NSW, where demand is red hot in the wake of COVID-19 shutdowns and the ‘work-from-home’ phenomenon. By contrast, some land values in Sydney’s CBD fell sharply over the year as demand evaporated:
More than 48,000 sales were analysed as part of the report, which includes an assessment of every parcel of land in the state…
