On this page:
Overview
The 2025 revaluation outcome summary provides land information and valuation trends. This is a summary of the annual 2025 revaluation by Valuer-General Victoria (VGV).
Victoria's 3.44 million rateable and leviable properties were valued at $3.28 trillion at 1 January 2025.
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
- number of assessable properties against land use type for metropolitan Melbourne and regional Victoria.
Download the 2025 outcome summary:
Revaluations have been carried out annually since 2019. Prior to 2019, revaluations were completed in each of Victoria's 79 municipalities every 2 years.
2025 revaluation land use summary
- 3.44 million properties
- $2.03 trillion site value
- $3.28 trillion capital improved value
- Residential capital improved value unchanged 0.0%
- Commercial capital improved value decreased by 2.00%
- Industrial capital improved value increased by 4.6%
- Rural capital improved value decreased by 1.1%
Breakdown by land use
Residential
- 2.96 million properties
- $1.53 trillion site value
- $2.48 trillion capital improved value
Commercial
- 168,937 properties
- $119 billion site value
- $270 billion capital improved value
Industrial
- 97,927 properties
- $107 billion site value
- $180 billion capital improved value
Rural
- 162,567 properties
- $199 billion site value
- $244 billion capital improved value
Other statistics by VGV
VGV also produces annual and quarterly property sales statistics.
Page last updated: 25/07/25