Property valuation statistics
The figure compares with $1.30 trillion in 2010 and $1.11 trillion in 2008.
The latest figures on the value of private property are the result of Victoria's biennial revaluation.
All private property was revalued by councils as of 1 January 2012. This covered a total of 2.7 million residential, industrial, commercial and rural properties. The rate of growth has slowed from the 2010 revaluation, when there was a 14.7 per cent increase in value and an 18.4 per cent increase in 2008.
More results from the 2012 statewide revaluation can be found in Edition 31 of Property Victoria.