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Overview

The 2021 revaluation outcomes summary provides land information and valuation trends. This is a summary of the annual 2021 revaluation by Valuer-General Victoria (VGV).

Victoria's 3.2 million rateable and leviable properties were valued at $2.51 trillion at 1 January 2021. This compares with $3.16  trillion in 2020.

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 2021 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.

2021 revaluation land use summary

  • 3.2 million properties
  • $1.6 trillion Site Value
  • $2.5 trillion Capital Improved Value
  • Residential Capital Improved Value increased by 4.78%
  • Commercial Capital Improved Value decreased by 0.88%
  • Industrial Capital Improved Value increased by 2.95%
  • Rural Capital Improved Value increased by 15.2%

Breakdown by land use

Residential

  • 2.7 million properties
  • $1.2 trillion Site Value
  • $1.9 trillion Capital Improved Value

Commercial

  • 167 thousand properties
  • $104 billion Site Value
  • $234 billion Capital Improved Value

Industrial

  • 88 thousand properties
  • $58 billion Site Value
  • $111 billion Capital Improved Value

Rural

  • 162 thousand properties
  • $121 billion Site Value
  • $154 billion Capital Improved Value

Other statistics by VGV

2019 council rating objections data for residential, commercial, industrial, rural locations.

VGV also produces annual and quarterly property sales statistics.

Page last updated: 12/08/21