Wednesday September 25, 2024
Volume 39 No. 35
$2 inc. GST
The Cobar Weekly Highest grade drilling results recorded Pg 3
Cobar land values soar
Preliminary analysis indicates New South Wales land values are tipped to reach $3 trillion for the first time ever with the strongest growth in the past year recorded in Cobar, Gilgandra and Bogan shires. The NSW Valuer General is currently in the process of finalising land values and released some preliminary figures last week. Residential land values across the state are leading the growth in value, experiencing an almost eight per cent average increase across NSW compared to the 12 months to July 2023. Property sales are the most important factor valuers consider when determining land values. Land values reflect the value of land only, and are measured as at July 1, 2024. The new land values were assessed following analysis of almost 50,000 property sales. Overall, land values have increased over the 12-month period from July 2023 to July 2024. Sally Dale, Valuer General of NSW said with continued strong demand for property and constrained supply, it’s no surprise preliminary indications across NSW have land values on average increasing by 6.5 per cent across the varying property types. “2024 could see NSW’s combined land value break through $3 trillion in value backed by continued demand, underpinned by increased property sale prices and driven mostly by the state’s residential markets - a testament to the resilience of the property sector in NSW despite difficult financial lending markets,” Ms Dale said. Continued Page 2.
Mining & Trade Expo will be the biggest yet Pg 6
New pool price has parents fuming Pg 7
Celebrating NAIDOC Day
Cobar High School celebrated NAIDOC Day and Health and Physical Education (HPE) day concurrently at the school on Friday. This year’s NAIDOC focus was on traditional indigenous games, learning about First Nation Culture and the importance of physical activity. Students and staff participated in five different Yulunga Traditional Indigenous Games as well as tried their hand at cooking Johnny Cakes and traditional dance and art activities. Teacher Matthew Wang and student Alora Deppeler (pictured above) helped to paint one of the school’s walls in this year’s NAIDOC theme—‘Keep the fire burning! Blak, Loud and Proud’. A sausage sizzle lunch and First Nation artists’ music played over the school PA system helped to create a buzzing vibe throughout the day. Photo contributed