Growth in Redcliffe & Scarborough Areas

01 May 2002

With the release of the Department of Natural Resources and Mines (NR&M) annual property valuations in February of this year, many people in the Redcliffe and Scarborough areas have been surprised to find out just how much their property has risen in value in the last couple of years. The NR&M reported that Redcliffe's total rateable value has increased by 37.5 per cent since the last valuation carried out in October 1999 with rises in Scarborough up to 70 per cent.

"The vacant residential market throughout Redcliffe City has surged, with sales in the vicinity of the Esplanade increasing up to 80 per cent reflecting the trend to bayside living," said Mr Malcolm Cremer, NR&M Regional Service Director for South East Region. More details at the NR&M web site at www.nrm.qld.gov.au.