On this page:

Overview

The 2022 revaluation outcomes summary provides land information and valuation trends. This is a summary of the annual 2022 revaluation by Valuer-General Victoria (VGV).

Victoria's 3.27 million rateable and leviable properties were valued at $2.99 trillion at 1 January 2022. This compares with $2.51  trillion in 2021.

Aggregate data illustrates the value of rateable and non-rateable leviable property across the state.

This information includes:

  • Annual comparison of the capital improved value
  • and number of assessable properties against land use type for metropolitan Melbourne and regional Victoria.

Download the 2022 outcome summary:

Revaluations have been carried out annually since 2019. Prior to 2019 revaluations were completed in each of Victoria's 79 municipalities every two years.

2022 revaluation land use summary

  • 3.27 million properties
  • $1.95 trillion Site Value
  • $2.99 trillion Capital Improved Value
  • Residential Capital Improved Value increased by 17.8%
  • Commercial Capital Improved Value increased  by 7.8%
  • Industrial Capital Improved Value increased by 12.4%
  • Rural Capital Improved Value increased by 30%

Breakdown by land use

Residential

  • 2.8 million properties
  • $1.5 trillion Site Value
  • $2.3 trillion Capital Improved Value

Commercial

  • 173 thousand properties
  • $116 billion Site Value
  • $257 billion Capital Improved Value

Industrial

  • 90 thousand properties
  • $70 billion Site Value
  • $126 billion Capital Improved Value

Rural

  • 162 thousand properties
  • $162 billion Site Value
  • $200 billion Capital Improved Value

Past property valuation statistics

Other statistics by VGV

VGV also produces annual and quarterly property sales statistics.

Page last updated: 16/09/22