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GRV and UV statistics

We determine valuations for all rateable land in Western Australia on the basis of either their gross rental value (GRV) which is the gross amount that a property might earn annually if it were rented or the unimproved value (UV) which is the value of land only.

Find the latest valuation statistics

We carry out a valuation on rateable land within the Perth metropolitan area and the City of Mandurah every three years. Based on the date of valuation of 1 August 2021, our valuations team provided a valuation for the City of Mandurah and all 30 local governments in the Perth Metropolitan area, which came into effect on 1 July 2023 and is detailed below.

Table 1 shows the breakdown of the overall value percentage changes for each property type.

Property Classification Percentage Increase / Decrease
Residential 20.63%
Commercial 3.75%
Industrial 5.31%
Farming 5.60%
Vacant land 5.36%

Table 2 shows the average percentage change within each local government authority for each property type.

Local Government Property Classification Average Change in GRV Number of GRV Valuations
Armadale Residential 20.54% 36216
Commercial 5.83% 428
Industrial 8.19% 691
Farming 16.91% 3
Vacant Land 4.89% 3137
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Bassendean Residential 22.56% 6836
Commercial 10.39% 77
Industrial 7.59% 278
Vacant Land 1.30% 238
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Bayswater Residential 19.78% 30549
Commercial 1.44% 695
Industrial 5.01% 1068
Vacant Land 2.04% 1011
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Belmont Residential 20.74% 19255
Commercial 10.86% 737
Industrial 3.53% 860
Vacant Land 0.97% 683
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Cambridge Residential 18.62% 11177
Commercial 15.31% 557
Industrial 1.82% 10
Vacant Land 12.24% 225
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Canning Residential 18.73% 35601
Commercial 1.81% 795
Industrial 2.72% 2403
Vacant Land 5.85% 1816
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Claremont Residential 20.65% 4995
Commercial 1.10% 283
Industrial 4.77% 18
Vacant Land 10.57% 57
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Cockburn Residential 19.69% 47790
Commercial 3.72% 809
Industrial 3.58% 2270
Farming 3.48% 6
Vacant Land 4.23% 3645
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Cottesloe Residential 23.56% 3518
Commercial 3.69% 191
Industrial -13.77% 3
Vacant Land 28.47% 91
Local Government Property Classification Average Change in GRV Number of GRV Valuations
East Fremantle Residential 20.40% 3254
Commercial 6.28% 122
Industrial 0.00% 2
Vacant Land 17.92% 48
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Fremantle Residential 24.65% 14388
Commercial 4.86% 1149
Industrial 0.52% 1146
Vacant Land 10.09% 388
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Gosnells Residential 21.59% 45440
Commercial 7.53% 592
Industrial 11.43% 993
Vacant Land 1.49% 1927
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Joondalup Residential 21.17% 61425
Commercial 1.49% 1063
Industrial 7.10% 397
Vacant Land 12.82% 1481
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Kalamunda Residential 22.06% 22262
Commercial 9.48% 284
Industrial 1.70% 341
Farming 4.49% 2
Vacant Land 19.21% 776
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Kwinana Residential 26.26% 17822
Commercial 9.54% 172
Industrial 4.25% 428
Farming -2.05% 5
Vacant Land 3.26% 1751
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Mandurah Residential 25.91% 41880
Commercial 9.45% 1221
Industrial 14.32% 593
Farming 24.19% 1
Vacant Land 5.09% 3657
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Melville Residential 14.19% 41040
Commercial 0.40% 1350
Industrial 0.04% 522
Vacant Land 2.95% 1455
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Mosman Park Residential 16.65% 3746
Commercial 3.38% 78
Industrial 4.56% 7
Vacant Land 8.82% 89
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Mundaring Residential 14.02% 14442
Commercial 7.10% 179
Industrial 17.67% 386
Farming 22.84% 4
Vacant Land 6.10% 779
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Nedlands Residential 15.38% 8081
Commercial 4.17% 520
Industrial 2.60% 70
Vacant Land 20.22% 392
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Peppermint Grove Residential 23.01% 590
Commercial 7.47% 36
Industrial 0.00% 1
Vacant Land 40.28% 31
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Perth Residential 12.67% 15871
Commercial 0.82% 4871
Industrial -3.03% 152
Vacant Land 0.25% 104
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Rockingham Residential 21.16% 53773
Commercial 3.36% 916
Industrial 5.98% 667
Farming 3.12% 3
Vacant Land -0.20% 3300
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Serpentine - Jarrahdale Residential 25.03% 10627
Commercial 10.34% 94
Industrial 25.10% 46
Farming -1.32% 18
Vacant Land 2.87% 1483
Local Government Property Classification Average Change in GRV Number of GRV Valuations
South Perth Residential 20.63% 19632
Commercial 3.76% 781
Industrial 9.08% 6
Vacant Land 4.16% 535
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Stirling Residential 22.67% 96266
Commercial 2.67% 1892
Industrial 9.52% 1928
Vacant Land 13.52% 2412
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Subiaco Residential 16.13% 8043
Commercial 15.87% 1308
Industrial 5.63% 67
Vacant Land 8.64% 105
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Swan Residential 18.02% 57756
Commercial 4.41% 1242
Industrial 4.79% 2932
Farming 13.33% 65
Vacant Land 6.57% 5967
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Victoria Park Residential 19.84% 16236
Commercial 0.83% 1002
Industrial 1.68% 629
Vacant Land 5.70% 455
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Vincent Residential 20.17% 17241
Commercial 6.31% 1553
Industrial 11.38% 231
Vacant Land 6.05% 446
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Wanneroo Residential 25.21% 76865
Commercial 9.84% 1014
Industrial 11.91% 3105
Farming 2.65% 45
Vacant Land 1.73% 6307

We carry out a valuation on rateable land in regional Western Australia every three to six years. Based on the date of valuation of 1 August 2021, our valuations team provided a valuation for 40 regional local governments, with the valuations coming into force from 1 July the following years detailed below.

Table 1 shows the breakdown of the overall value percentage changes for each property type.

Property Classification Percentage Increase / Decrease
Residential 22.24%
Commercial 5.66%
Industrial 13.13%
Farming 0.67%
Vacant land 8.95%

Table 2 shows the average percentage change within each local government authority for each property type.

Local Government Property Classification Average Change in GRV Number of GRV Valuations
Albany Residential 7.96% 15113
Commercial 10.03% 671
Industrial 7.97% 484
Farming 5.56% 4
Vacant Land -0.55% 1285
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Ashburton Residential 13.36% 2538
Commercial -3.08% 114
Industrial 103.25% 100
Vacant Land 51.06% 323
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Augusta Margaret River Residential 19.67% 7129
Commercial 6.87% 629
Industrial 9.54% 214
Farming 2.05% 7
Vacant Land 12.61% 1073
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Broome Residential 36.52% 5124
Commercial 11.48% 998
Industrial 9.46% 387
Farming 6.49% 3
Vacant Land 1.98% 385
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Bunbury Residential 7.02% 14411
Commercial -6.73% 889
Industrial 12.31% 774
Vacant Land -6.03% 694
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Busselton Residential 25.97% 16820
Commercial 11.66% 1774
Industrial 6.09% 481
Farming 35.34% 3
Vacant Land 15.24% 1652
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Coolgardie Residential -9.45% 1582
Commercial 18.51% 44
Industrial -14.22% 69
Vacant Land -26.04% 367
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Cuballing Residential 18.22% 238
Commercial 3.26% 5
Industrial 12.30% 4
Vacant Land -29.95% 91
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Cue Residential 5.16% 126
Commercial 69.66% 17
Industrial 68.76% 19
Vacant Land -8.86% 76
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Dardanup Residential 5.23% 5122
Commercial -1.14% 57
Industrial 12.90% 68
Farming 4.68% 4
Vacant Land 3.24% 323
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Derby-West Kimberley Residential 6.32% 1356
Commercial 6.73% 76
Industrial 14.73% 106
Vacant Land -50.48% 202
Local Government Property Classification Average Change in GRV Number of GRV Valuations
East Pilbara Residential 68.85% 2127
Commercial -2.30% 96
Industrial 26.91% 115
Vacant Land 32.68% 493
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Gingin Residential 12.44% 3283
Commercial 36.35% 278
Industrial 5.96% 130
Farming -3.70% 30
Vacant Land -16.31% 774
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Greater Geraldton Residential 21.56% 16062
Commercial 6.66% 721
Industrial 2.30% 650
Farming 0.00% 1
Vacant Land -2.70% 2230
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Halls Creek Residential -2.40% 314
Commercial 4.41% 37
Industrial 14.54% 26
Vacant Land -17.92% 22
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Harvey Residential 7.95% 10128
Commercial 13.29% 147
Industrial 12.00% 131
Farming -6.97% 6
Vacant Land 1.71% 1013
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Karratha Residential 72.49% 8264
Commercial 13.57% 605
Industrial 10.98% 518
Vacant Land 124.19% 651
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Kojonup Residential 8.45% 506
Commercial 12.00% 42
Industrial -1.62% 42
Farming -9.05% 4
Vacant Land 3.79% 98
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Kondinin Residential 3.59% 234
Commercial -7.57% 37
Industrial -2.19% 35
Farming 0.00% 1
Vacant Land -18.61% 63
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Kulin Residential 12.44% 184
Commercial -3.40% 18
Industrial -0.49% 22
Vacant Land -31.06% 72
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Laverton Residential 5.38% 166
Commercial -11.89% 21
Industrial 0.33% 30
Vacant Land 7.65% 110
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Leonora Residential 20.50% 491
Commercial -7.29% 51
Industrial 6.17% 65
Vacant Land -19.77% 123
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Meekatharra Residential -1.84% 289
Commercial 7.77% 28
Industrial 0.20% 43
Vacant Land -18.99% 146
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Menzies Residential 9.43% 34
Commercial -32.41% 5
Industrial 46.92% 5
Vacant Land -13.00% 260
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Mount Magnet Residential 38.38% 264
Commercial 43.62% 27
Industrial 2.19% 27
Vacant Land -76.78% 95
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Nannup Residential 7.87% 563
Commercial 13.03% 36
Industrial 6.19% 18
Farming   3
Vacant Land -4.03% 112
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Northam Residential 1.87% 4286
Commercial 8.83% 217
Industrial 0.10% 136
Farming 39.57% 4
Vacant Land -8.29% 833
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Port Hedland Residential 51.86% 6040
Commercial 15.71% 154
Industrial 31.14% 453
Farming 0.00% 1
Vacant Land 29.58% 649
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Ravensthorpe Residential 14.28% 848
Commercial 16.30% 48
Industrial 16.12% 69
Vacant Land -12.48% 372
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Sandstone Residential 11.07% 41
Commercial 9.83% 10
Industrial -15.22% 1
Vacant Land -7.86% 39
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Shark Bay Residential 21.50% 394
Commercial 7.18% 63
Industrial 1.86% 58
Vacant Land -7.83% 125
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Upper Gascoyne Residential -0.84% 22
Commercial 0.00% 1
Industrial 3.24% 5
Vacant Land -41.53% 11
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Wagin Residential 36.25% 703
Commercial 3.05% 35
Industrial 4.40% 46
Farming 588.52% 1
Vacant Land -29.40% 163
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Wandering Residential -0.56% 134
Commercial -11.22% 4
Industrial -14.08% 4
Vacant Land -25.16% 54
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Waroona Residential 9.11% 1724
Commercial 10.91% 120
Industrial 2.80% 28
Farming 10.77% 1
Vacant Land 3.69% 328
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Wickepin Residential 0.49% 200
Commercial 4.80% 16
Industrial 23.25% 22
Farming 0.00% 1
Vacant Land -1.19% 57
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Williams Residential -0.20% 224
Commercial -4.30% 16
Industrial 27.23% 20
Vacant Land -40.20% 105
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Wiluna Residential 0.21% 70
Commercial -17.84% 12
Industrial -14.37% 14
Vacant Land -14.16% 37
Local Government Property Classification Average Change in GRV Number of GRV Valuations
Yalgoo Residential 5.32% 29
Commercial -43.73% 15
Industrial 56.68% 3
Vacant Land 106.91% 23
Local Government Property Classification Average Change in GRV Number of GRV Valuations
York Residential 8.50% 1429
Commercial 11.29% 155
Industrial 4.63% 43
Farming -3.90% 3
Vacant Land -8.04% 366

We assess the UV of land every 12 months. The assessment date, known as the date of valuation, is 1 August.

Table 1 gives the overall percentage changes across the state for a particular year.

Property Classification Percentage Increase / Decrease
Residential 8.58%
Commercial 3.29%
Industrial 6.71%
Farming 9.24%
Property Date of Valuation Applied by Local & State Government Agencies
All WA properties 1 August 2022 1 July 2023 - 30 June 2024