Herston, however, was valued the same as in 2016, just $100,000 more than the Brisbane-wide median of $450,000.
Albion, another suburb close to the city centre, also didn’t change in value, staying steady at $500,000.
Herston resident John Dobinson bought a house in the suburb in 2016 for nearly $900,000.
He said he couldn’t understand why land values, including his $460,000 figure, hadn’t shifted.
“Everything today in the world, in all capital cities, is about being close to the city,” he said.
“How can Herston be flat and unmoving in land value when you’ve got all around you going up quite dramatically?”
A Department of Natural Resources, Mines and Energy spokesman said land valuations were determined by analysing sales of vacant or lightly improved properties at or about the date of valuation.
“These values reflect what properties would sell for as vacant land at the date of valuation,” he said.
The spokesman said sales analysed in Herston during the October 2018 valuation period “reflected no change to existing values”.
Mr Dobinson said he bought his property on Butterfield Street several years ago with a long-term view to selling it and financing a retirement home somewhere by the sea.
However, he’s concerned stagnant land values will impact any future sale of his property.
“Some of these suburbs have the same postcode as Herston like Fortitude Valley, Newstead and Bowen Hills. They’re all going up – it really does not hold up to the logic,” he said.
“My plan was to have a property close to the city with options to go into the workforce again if I chose to do so, but ultimately to sell up and find a little place close to the sea – like every other baby boomer.
“But … when your property is frozen in the marketplace and everywhere else is going up that puts you at a significant disadvantage.”
The DNRME spokesman said differing land values among neighbouring properties and suburbs was “not uncommon”.
“Land valuations are influenced by a number of different factors, including physical attributes like views, shape, size, noise and elevation, as well as sales and property market trends,” he said.
“Major developments in particular areas may also impact on the market.”
Mr Dobinson has lodged an appeal against his land valuation.