RMA Country Conference Marysville 2019 Robert Marsh Valuer General - - PowerPoint PPT Presentation

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RMA Country Conference Marysville 2019 Robert Marsh Valuer General - - PowerPoint PPT Presentation

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RMA Country Conference Marysville 2019 Robert Marsh Valuer General 4 April 2019 Valuer General Victoria Functions Annual Centralised Valuations Valuations for Government DHHS, SRO. SSP, Places Vic, MMR, LXRA, Western Distributor, OSARs,

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RMA Country Conference Marysville 2019

Robert Marsh Valuer General 4 April 2019

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Annual Centralised Valuations

Valuer General Victoria Functions

Valuations for Government

DHHS, SRO. SSP, Places Vic, MMR, LXRA, Western Distributor, OSARs, OMRR, Eastlink, NELink

Municipal Rating valuations for property taxation/rating purposes

Council Rates, Land Tax and Fire Services Property Levy, ARMB service charges etc

Report and provide statistical information on property market trends and rating valuation outcomes

Quarterly Property Sales Report, Annual Guide to property Values, DTF indices

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State of Victoria – 2018 Revaluation

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State of Victoria – 2018 Revaluation

Population 6.385 million State area 237,590 sq km 79 councils - 72 Councils use

  • CIV. 7 use NAV

Annual revenue of $9b Local Government rates - approximately $A5.08* State Land Tax $A3.1b - based on site value* Fire Service levy – annual revenue of $642m* Metropolitan improvement levy - $176m *2018/19 budget figures

2,080,000 2,210,000 2,250,000 2,350,000 2,457,000 2,582,000 174,000 152,000 147,000 161,000 166,000 167,000 66,000 69,000 72,000 76,000 79,000 82,000 153,000 156,000 167,000 176,000 170,000 159,000 1500000 1700000 1900000 2100000 2300000 2500000 2700000 2900000 3100000 3300000 2008 2010 2012 2014 2016 2018

Assessment Numbers

NRL Rural Industrial Commercial Residential Category

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Annual Centralised Valuations

Victorian Annual Valuation Process

Return Valuations Stakeholder Presentations Issue Valuations Enquiries & Objections Objections Determined Appeals / VCAT Budget Process Supps Supps Supps Supps Supps Supps Project Plan Contracts Confirmed Preparation Modelling Data Analysis Inspections & Data Accumulation Apply & Confirm Valuations Data Validation SMG & High Risk Prop Review Review & Quality Assurance Return Valuations Advertise Contracts

Stage 1 Preparation Stage 2 Analysis Stage 3 Application Stage 4 Review

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Annualised and Centralised Valuations

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Council Status for 2019 Reval

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2019 Metro Contracts

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2019 Country Contracts

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2019 Annual General Valuation

Stage Title and key tasks Recommen ded completion date 1

Preparation - project plan, data validation, SMG and HRP review General planning and preparation for the

  • revaluation. Provide a detailed project plan.

Confirm sub market groups. Identify and nominate high risk properties. 31 July 2018

2

Analysis - inspections, data accumulation, sales analysis and modelling Data collection, analysis and value level setting 31 December 2018

3

Application - apply and confirm valuations The valuation of all properties 28 February 2019

4

Review – quality assure and return Quality checks, exception reporting, final

  • adjustments. Valuation return,

valuer’s final report, and provision of valuation databases. 30 April 2019

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2019 Valuation Outcomes

306,000305,000 320,000320,000315,000315,000 330,000335,000342,000335,000 357,000363,000363,200360,000 375,000 600,000612,000 642,000 600,000 636,800630,000 700,000 675,000 731,375 705,000 766,000 740,000753,250 720,000 745,000 5,000 10,000 15,000 20,000 25,000 30,000 250,000 270,000 290,000 310,000 330,000 350,000 370,000 390,000 410,000 430,000 450,000 470,000 490,000 510,000 530,000 550,000 570,000 590,000 610,000 630,000 650,000 670,000 690,000 710,000 730,000 750,000 770,000 790,000 810,000 2nd Quarter 2015 3rd Quarter 2015 4th Quarter 2015 1st Quarter 2016 2nd Quarter 2016 3rd Quarter 2016 4th Quarter 2016 1st Quarter 2017 2nd Quarter 2017 3rd Quarter 2017 4th Quarter 2017 1st Quarter 2018 2nd Quarter 2018 3rd Quarter 2018 4th Quarter 2018

Country Metropol itan

Victorian Median House Sales Victorian Median House Sales

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2019 Valuation Outcomes

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2019 Valuation Outcomes

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Looking ahead to 2020

Return Valuations Stakeholder Presentations Issue Valuations Enquiries & Objections Objections Determined Appeals / VCAT Budget Process Supps Supps Supps Supps Supps Supps Project Plan Contracts Confirmed Preparation Modelling Data Analysis Inspections & Data Accumulation Apply & Confirm Valuations Data Validation SMG & High Risk Prop Review Review & Quality Assurance Return Valuations Advertise Contracts

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Valuation Software Tender

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Want to find out more about the VVP?

  • Visit our web page

https://www.propertyandla ndtitles.vic.gov.au/valuatio n/vgv-going-digital-project

  • Contact Penelope

Vallentine, Stakeholder Engagement Coordinator by email at vgv.goingdigital@delwp.vic. gov.au or call 03 7004 1434 Valuer General Valuation Portal

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GPO VCAT decision

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Questions ??

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LACA Team

West Gate Tunnel Project – Altona to Docklands (72

Valuations – Surface acquisitions)

  • Freehold and lessees interests
  • Business Valuations
  • Relocation assessments
  • Subterranean land beneath 15.2m of surface

now vests with crown.

  • Owners may claim compensation for loss of

stratum land.

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LACA Team

Outer Suburban Arterial Road Program – Western Package (140 Vals)

  • Industrial improved properties
  • Inglobo industrial/residential land
  • Commercial properties
  • Freehold and lessees interests
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LACA Team

Drysdale Bypass Project (30 Vals)

  • Mainly rural residential properties,

improved and vacant land

  • Planning issue concerning Pointe

Gourde Principal ie if not for Bypass where would town boundary have been.

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LACA Team

Plenty Road Duplication Project

  • McDondalds Road – Bridge Inn Road,

Mernda

  • 60 Properties
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LACA Team

Level Crossing Removal Authority – Carrum (9 Vals) LACA Team

  • Commercial shops
  • Vacant development sites with permits and presold apartments
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LACA Team

Level Crossing Removal Authority – Kananook (7 Vals)

  • Jayco caravans/motor homes
  • Sims Metal
  • Various Industrial improved properties
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LACA Team

Cheltenham Level Crossing Removal Project - Conferences

  • 22 Properties
  • Residential and Commercial
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LACA Team Yan Yean Road Duplications (70 Vals)

  • Combination of residential dwellings, rural lifestyle properties

and commercial operations.

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LACA Team

Hallam/Thompson Road duplication (20 Properties)

  • Inglobo residential land
  • Landfill sites
  • Residential dwellings
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LACA Team

Hyde Street Yarraville Hardship Cases (10 Properties)

  • Residential dwellings located
  • pposite Mobil Petrol Terminal
  • Hyde Street will become truck route

as a result of the West Gate Tunnel

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LACA Team

Outer Metropolitan Ring /E6 Transport Corridor – Financial Loss Claims (P&E Act)

  • Approx 1,000 properties are directly affected by corridor

reservation which is 100kms in length – Werribee → Epping

  • Mainly large tracts of inglobo residential development land
  • Ongoing requests for assessments of compensation for Loss
  • n Sale and Refusal of Permit.
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LACA Team

Western Grassland Reserves – Financial Loss, P&E Act

  • 10,000 hectares within Reserves
  • Ongoing requests for Finanicial loss compensation and

requests to purchase on hardship grounds

  • Land subject to high levels of native vegetation
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LACA Team

Kilmore/Wallan Bypass

  • Financial Loss Claims P&E Act
  • Approx 50 properties
  • Rural residential lifestyle properties and inglobo residential

land

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LACA Team

Melbourne Metro Rail Project Acquisitions

Parkville – Melbourne University Campus CBD North – RMIT campus, Swanston and La Trobe Street properties CBD South – City Square & MCC underground carpark and

Brunettis – Swanston St – Hungry Jacks, McDonalds, KFC, Commonwealth Bank, retail shops. – Federation Square Visitor Centre – Flinders St – Port Phillip Arcade

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LACA Team

Melbourne Metro Tunnel Affected Sales Monitoring Project

  • Approx 3500 properties affected by Tunnel
  • Land beneath 15.2 metres of surface to vest with Crown
  • Owners may claim compensation for loss of

subterranean land

  • Project monitoring what if any affect to sale prices of

properties located above proposed tunnel

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LACA Team

North East Link (NELA)

  • Option A estimates of compensation
  • 180 properties
  • Residential, commercial, industrial, recreational,

Commonwealth Army Barracks

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LACA Team

Mordialloc Bypass

  • 13 Properties
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LACA Team Shepparton Alternative Route Improvements Project –

Old Dookie Road and Doyles Road; and New Dookie Road and Doyles Road

  • 12 Properties
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Questions ??