On this page:
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
- 2.8 million properties
- $1.5 trillion Site Value
- $2.3 trillion Capital Improved Value
- 173 thousand properties
- $116 billion Site Value
- $257 billion Capital Improved Value
- 90 thousand properties
- $70 billion Site Value
- $126 billion Capital Improved Value
- 162 thousand properties
- $162 billion Site Value
- $200 billion Capital Improved Value
Other statistics by VGV
VGV also produces annual and quarterly property sales statistics.
Page last updated: 16/09/22