Six Victorian municipalities record decreases in value over past two years: Valuer-General Victoria

Jonathan ChancellorOctober 2, 2012

Just six Victorian municipalities recorded decreases in land values since the 2010 revaluation.

They were topped by Indigo in north-eastern Victoria and the Southern Grampians.

The falls ranged between 0.1% and 1.8%.

The data gives the total capital improved value of all privately owned properties within the 79 municipalities. 

 

Municipality     2012 Total CIV       2010-2012 % change

Ararat                $2.14b                                            -0.1

Corangamite     $5.01b                                            -0.7

Glenelg             $4.91b                                             -0.5

Indigo               $2.63b                                             -1.8

Pyrenees          $1.53b                                             -0.5

Southern

Grampians           $3.98                                        -1.8     

Source: Valuer-General Victoria

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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