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According to the NSW Valuer General's report, there has been a rise in industrial land value across the Orange LGA between July 2021 and July 2022.
“The district has to propose the rate; the government Chief Government Valuer has to compare them with what happens in other districts and the other values.
The NSW Valuer General provides independent land values every three years.
Source: https://www.echo.net.au/2023/04/shocked-at-your-propertys-valuation/
The Valuer General said land value increases were driven by high demand, with the area generally being tightly held leading to low supply.