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Overview

The 2026 revaluation outcome summary provides land information and valuation trends. This is a summary of the annual 2026 revaluation by Valuer-General Victoria (VGV).

Victoria's 3.48 million rateable and leviable properties were valued at $3.41 trillion at 1 January 2026.

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 2026 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.

2026 revaluation land use summary

  • 3.48 million properties
  • $2.08 trillion site value
  • $3.41 trillion capital improved value
  • Residential capital improved value increased by 3.30%
  • Commercial capital improved value increased by 0.40%
  • Industrial capital improved value increased by 2.40%
  • Rural capital improved value increased by 0.10%

Breakdown by land use

Residential

  • 3.00 million properties
  • $1.58 trillion site value
  • $2.60 trillion capital improved value

Commercial

  • 168,318 properties
  • $118 billion site value
  • $272 billion capital improved value

Industrial

  • 102,000 properties
  • $112 billion site value
  • $189 billion capital improved value

Rural

  • 162,666 properties
  • $198 billion site value
  • $245 billion capital improved value

Past property valuation statistics

Other statistics by VGV

VGV also produces annual and quarterly property sales statistics.

Page last updated: 22/07/26