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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