Property valuation is the analysing of property transactions to determine their comparable value. Valuers gather and evaluate a range of information to determine the market value of a property.
Valuations are used for many purposes, including setting limits for the sale and purchase of properties, setting rental levels, determining compensation following the compulsory acquisition of property; asset accounting and management; lending and associated financial dealings, property settlements, property rating and taxation systems, and property portfolio analysis.
Valuer-General Victoria (VGV) is the state’s independent authority on property valuations. VGV oversees all significant government property valuations and council rating valuations.
Under recent changes to the Valuation of Land Act 1960, there is now a new approach to rating valuations in Victoria. Councils now have the option to transfer to the Valuer-General their responsibility for completing rating authority valuations.
If you need a valuation of your property, you should contact the Australian Property Institute on (+61 3) 9644 7500 or look up a valuer in the Yellow Pages.
||The valuation profession
Information on what valuers do in the State of Victoria, plus details and resources on how to become a valuer, qualifications and registration.
Property valuations for government departments and agencies and information on Valuer-General Victoria, valuation management, assets, land acquisition and compensation.
Property values as the basis of council rate calculation and details on how a valuation is determined, benefits, statistics, revaluation and how to object to a valuation.
||Products, services and maps
Links to publications, online services, planning schemes and additional reading.
||Frequently asked questions
Answers to the most commonly asked questions on valuations, plus contact information.
570 Bourke Street
Phone: (03) 8636 2515
Fax: (03) 8636 2596
Phone: (03) 8636 2585
Rating Authority Valuations
Phone: (03) 8636 2578
Geographic Information Systems (GIS)
Phone: (03) 8636 3042