VicMap Information Session Doug Marcina Valuer-General Victoria - - PowerPoint PPT Presentation

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VicMap Information Session Doug Marcina Valuer-General Victoria - - PowerPoint PPT Presentation

VicMap Information Session Doug Marcina Valuer-General Victoria Valuer-General Victoria Government Valuations Rating Valuations Compilation and reporting of sales information Policy advice 2 Rating Valuation Total 2.9m


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VicMap Information Session

Doug Marcina – Valuer-General Victoria

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2

Valuer-General Victoria

  • Government Valuations
  • Rating Valuations
  • Compilation and reporting of sales

information

  • Policy advice
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3

Rating Valuation

Total

2.9m Properties 1.85t Improved Value 1.2t Land Value

Commercial

165K Properties 190b Improved Value 87b Land Value

Industrial

77K Properties 76b Improved Value 37b Land Value

Primary Production

159K Properties 98b Improved Value 73b Land Value

Non-Rateable Leviable

41K Properties 65b Improved Value 45b Land Value

Residential

2.46m Properties 1.42t Improved Value 936b Land Value

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Rating Valuation - Mass Appraisal

2.9 Million Properties 200+ data elements collected Property Description Address Land and Building Area Title Details Construction and Renovation Year\Material Land Use Improvements Values Site Value - Land Value Capital Improved Value - Land Value + Improvements Net Annual Value – Annual Rental Ownership Details Value Considerations*

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Mass Appraisal - Value Considerations

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Mass Appraisal - Improvements

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7

Rating Valuations

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SLIDE 8

Market Update

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2016 Victorian Sales Results

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Residential Median 1986 - 2017

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Australian Cash Rate 1989-2015

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Metro Median 1986 - 2017

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Country Median 1986 - 2017

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Median House Price 1986

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Median House Price 1996

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Median House Price 2006

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Median House Price 2016

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Inner Melbourne Median by Suburb

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Inner Melbourne Median by Suburb