Brighter And some

Winners and losers: will your rates plummet or sky-rocket?

by Kate Watt, Marketing Manager 6 July 2017

What goes hand in hand with the start of a new financial year? If you guessed rate rises, you guessed right.

Local councils across Queensland have handed down their 2017-18 budgets revealing their plans for new community projects and services, and the price tags to fund them.

That’s where your rates bill comes into play.

Rates across the Brisbane City Council area will rise by 2.4 per cent on average in 2017-18, reports Quest.

Logan City is the big winner with an average rate rise of just 1.7 per cent. Gold Coast residents will see a rise of 1.8 per cent. Moreton Bay residents have been hardest hit with an average 3.99 per cent rise.

But averages aside, what does it mean for your suburb? Some Brisbane property owners will pay more and some will even see their rates bill drop.

Check out the winners and losers of the Brisbane City Council rates changes for 2017-18.

Winners – Top #10 Brisbane suburbs with the biggest rates drop:

  • Kangaroo Point, -5.7 per cent
  • Cowan Cowan, -4.7 per cent
  • Bulwer, -4.4 per cent
  • Newstead, -3.7 per cent
  • Nudgee Beach, -3.2 per cent
  • Karawatha, -2.8 per cent
  • Upper Brookfield, -2.1 per cent
  • Teneriffe, -2.0 per cent
  • Geebung, -1.9 per cent
  • Mount Ommaney, -1.9 per cent

Losers – Top #10 Brisbane suburbs with the biggest rates hike:

  • Seven Hills, 6.6 per cent
  • Wishart, 6.4 per cent
  • Sunnybank Hills, 6.4 per cent
  • Mansfield, 6.4 per cent
  • Sunnybank, 6.3 per cent
  • Sherwood, 6.3 per cent
  • Wakerley, 6.2 per cent
  • Upper Mount Gravatt, 6.0 per cent
  • Inala, 6.0 per cent
  • Rocklea, 5.9 per cent

Fleeing your rates bill? View our current listings for sale or check our listings for rent.

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