Metro GRV Statistics
Rateable land within Perth’s 30 Local Governments is valued every three years. During the 2015/16 financial year, with a 'Date of Valuation' of 1 August 2015, Landgate’s Valuations and Property Analytics Team valued almost one million properties across the state for Gross Rental Valuation (GRV) purposes which came into effect on 1 July 2017.
A breakdown of the overall value percentage changes for each metropolitan Property Classifications is set out in Table 1.
Table 1: GRV Metropolitan percentage changes
| Property Classification | Percentage Increase / Decrease |
|---|
| Residential | 1.81% |
| Commercial | -6.02% |
| Industrial | -0.02% |
| Farming | -0.57% |
| Vacant land | 5.57% |
The average percentage change and the number of GRVs (adopted on 1 July 2017) in each metropolitan Local Government by property classification is set out in Table 2.
Table 2: Average change in GRV (%) and the number of GRV valuations by property classification
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Armadale
|
Residential
|
2.42%
|
25,727
|
|
Commercial
|
2.66%
|
277
|
|
Industrial
|
2.45%
|
411
|
|
Farming
|
3.23%
|
25
|
|
Vacant land
|
6.11%
|
847
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Bassendean
|
Residential
|
-6.04%
|
5,555
|
|
Commercial
|
-0.77%
|
66
|
|
Industrial
|
-12.84%
|
134
|
|
Vacant land
|
10.8%
|
128
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Bayswater
|
Residential
|
-11.61%
|
22,477
|
|
Commercial
|
-8.07%
|
438
|
|
Industrial
|
-5.42%
|
766
|
|
Vacant land
|
11.44%
|
452
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Belmont
|
Residential
|
-7.14%
|
12,769
|
|
Commercial
|
-5.38%
|
331
|
|
Industrial
|
-9.04%
|
656
|
|
Vacant land
|
8.4%
|
353
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Cambridge
|
Residential
|
2.29%
|
9,030
|
|
Commercial
|
-2.22%
|
340
|
|
Industrial
|
-0.85%
|
44
|
|
Vacant land
|
7.72%
|
195
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Canning
|
Residential
|
5.03%
|
28,935
|
|
Commercial
|
2.4%
|
339
|
|
Industrial
|
-0.37%
|
1,436
|
|
Vacant land
|
13.81%
|
605
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Claremont
|
Residential
|
-6.32%
|
3,488
|
|
Commercial
|
-7.02%
|
116
|
|
Industrial
|
-1.02%
|
43
|
|
Vacant land
|
7.29%
|
45
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Cockburn
|
Residential
|
2.01%
|
34,052
|
|
Commercial
|
2.85%
|
279
|
|
Industrial
|
-0.93%
|
1,272
|
|
Farming
|
6.93%
|
9
|
|
Vacant land
|
8.79%
|
1,202
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Cottesloe
|
Residential
|
-4.89%
|
3,121
|
|
Commercial
| -12.09%
|
135
|
|
Industrial
|
-8.25%
|
6
|
|
Vacant land
|
3.12%
|
59
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
East Fremantle
|
Residential
|
-0.77%
|
2,911
|
|
Commercial
|
-1.03%
|
74
|
|
Industrial
|
0.45%
|
7
|
|
Vacant land
|
4.57%
|
45
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Fremantle
|
Residential
|
-3.25%
|
10,346
|
|
Commercial
|
0.94%
|
902
|
|
Industrial
|
-2.13%
|
577
|
|
Vacant land
|
6.61%
|
253
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Gosnells
|
Residential
|
-0.96%
|
38,672
|
|
Commercial
|
1.18%
|
445
|
|
Industrial
|
-13.09%
|
846
|
|
Farming
|
1.52%
|
10
|
|
Vacant land
|
10.9%
|
716
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Joondalup
|
Residential
|
1.78%
|
54,586
|
|
Commercial
|
1.92%
|
453
|
|
Industrial
|
9%
|
98
|
|
Vacant land
|
1.27%
|
602
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Kalamunda
|
Residential
|
1.16%
|
20,115
|
|
Commercial
|
0.39%
|
197
|
|
Industrial
|
-4.22%
|
222
|
|
Farming
|
-4.23%
|
16
|
|
Vacant land
|
2.52%
|
363
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Kwinana
|
Residential
|
3.78%
|
11,664
|
|
Commercial
|
3.25%
|
101
|
|
Industrial
|
0.65%
|
337
|
|
Farming
|
6.87%
|
8
|
|
Vacant land
|
10.71%
|
346
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Melville
|
Residential
|
1.08%
|
36,582
|
|
Commercial
|
-0.2%
|
971
|
|
Industrial
|
-2.42%
|
434
|
|
Vacant land
|
5.27%
|
611
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Mosman Park
|
Residential
|
-12.7%
|
3,303
|
|
Commercial
|
-2.99%
|
65
|
|
Industrial
|
-6.55%
|
6
|
|
Vacant land
|
7.89%
|
61
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Mundaring
|
Residential
|
0.59%
|
13,216
|
|
Commercial
|
-0.96%
|
167
|
|
Industrial
|
-11.08%
|
358
|
|
Farming
|
3.41%
|
13
|
|
Vacant land
|
6.78%
|
495
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Nedlands
|
Residential
| -10.25%
|
7,137
|
|
Commercial
|
-12.79%
|
208
|
|
Industrial
|
-3.13%
|
58
|
|
Vacant land
|
7.97%
|
147
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Peppermint Grove
|
Residential
|
1.66%
|
531
|
|
Commercial
|
-7.61%
|
12
|
|
Industrial
|
-7.86%
|
2
|
|
Vacant land
|
-1.76%
|
22
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Perth
|
Residential
|
-12.77%
|
2,957
|
|
Commercial
|
-17.43%
|
1,053
|
|
Industrial
|
-4.47%
|
179
|
|
Vacant land
|
1.5%
|
68
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Rockingham
|
Residential
|
4.5%
|
43,549
|
|
Commercial
|
7.09%
|
451
|
|
Industrial
|
4.47%
|
540
|
|
Farming
|
7.8%
|
14
|
|
Vacant land
|
9.79%
|
1,355
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Serpentine - Jarrahdale
|
Residential
|
4.42%
|
6,213
|
|
Commercial
|
6.99%
|
90
|
|
Industrial
|
5.87%
|
35
|
|
Farming
|
3.48%
|
22
|
|
Vacant land
|
8.55%
|
395
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
South Perth
|
Residential
|
3.91%
|
16,272
|
|
Commercial
|
-3.04%
|
572
|
|
Industrial
|
2.84%
|
11
|
|
Vacant land
|
11.66%
|
207
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Stirling
|
Residential
|
-5%
|
64,255
|
|
Commercial
|
0.7%
|
1,225
|
|
Industrial
|
4.35%
|
1,403
|
|
Farming
|
25.11%
|
1
|
|
Vacant land
|
5.72%
|
1,238
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Subiaco
|
Residential
|
-6.73%
|
5,688
|
|
Commercial
|
-19.93%
|
843
|
|
Industrial
|
-7.81%
|
88
|
|
Vacant land
|
11.89%
|
62
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Swan
|
Residential
|
-2.88%
|
39,148
|
|
Commercial
|
-0.31%
|
661
|
|
Industrial
|
2.4%
|
2,174
|
|
Farming
|
-5.61%
|
86
|
|
Vacant land
|
4.53%
|
1,175
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Victoria Park
|
Residential
|
-0.18%
|
10,377
|
|
Commercial
|
-0.35%
|
652
|
|
Industrial
|
10.02%
|
548
|
|
Vacant land
|
16.17%
|
236
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Vincent
|
Residential
|
1.04%
|
11,627
|
|
Commercial
|
2.88%
|
977
|
|
Industrial
|
3.86%
|
241
|
|
Vacant land
|
12.05%
|
232
|
| Local Government | Property Classification | Average Change in GRV | Number of GRV Valuations |
|---|
|
Wanneroo
|
Residential
|
-0.41%
|
56,796
|
|
Commercial
|
0.95%
|
433
|
|
Industrial
|
-1.24%
|
1,225
|
|
Farming
|
5.22%
|
80
|
|
Vacant land
|
6.32%
|
1,911 |
