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Historical valuation data

The tables below are a record of land values and market trends for selected typical properties across local government areas and property types.

The tables include typical properties, their land value, annual movement (%) and an index. The index for 1996 (base year) is 100. 

Occasionally the typical property may need to be changed for reasons such as subdivision, amalgamation and rezoning, so values may differ from those published previously.

Rural property tables are no longer based on cleared, fenced and watered land or excluding buildings, as previously shown. They now show land value only.

The tables were enhanced in 2016 to include the benchmark property for the component alongside the typical property.

What is a benchmark property?

Most properties are valued in groups called components. A representative property is selected for each group and is known as the benchmark property. Each year the benchmark property is individually valued using market evidence to calculate its rate of change from the previous valuing year. This change is then applied to all the properties in the group.

Selecting the benchmark

We have matched the existing typical properties to the benchmark property for the component. The land value data for both properties is published for comparison.

The benchmark property and the typical property will have the same zoning however their actual use may vary. Both properties are valued on their highest and best use.

Why we are using benchmark properties?

Benchmark properties will improve the consistency and stability of the data. 

The names for some tables changed for 2015 land values to more accurately represent the listed properties’ land use.

Table 13 “Wheat Properties” was renamed to “Mixed Farming”. 

Table 14 “Coastal Grazing” was renamed to “Coastal Mixed Farming”. 

Table 15 “Tablelands Grazing” was renamed to “Tablelands Mixed Farming”. 

Table 16 “Western Grazing” was renamed to “Western Mixed Farming”. 

Table 17 “Specialised Rural Properties” the sub headings listing specific uses were removed to reflect that these are no longer an accurate reflection of the use of the lands.

Metropolitan land values

Table 1 (PDF 79 KB) Sydney Metropolitan Area Representative Land Values
Table 2 (PDF 27 KB) Newcastle, Central Coast, Wollongong Representative Land Values
Table 4 (PDF 38 KB) Retail Shop - Sydney, Wollongong, Newcastle
Table 7 (PDF 32 KB) Small Industrial Sites - Sydney, Wollongong, Newcastle
Table 8 (PDF 28 KB) Large Industrial Sites - Sydney, Wollongong, Newcastle
Table 10 (PDF 28 KB) Rural Homesites, Sydney Area

Country land values

Table 3 (PDF 48 KB) Retail/Single Shop Site, Towns and Cities
Table 5 (PDF 31 KB) Coastal Cities and Towns, Single Dwelling Site
Table 6 (PDF 30 KB) Inland Cities and Towns, Single Dwelling Sites
Table 9 (PDF 30 KB) Small Industrial Sites - Towns and Cities
Table 11 (PDF 42 KB) Rural Homesites
Table 12 (PDF 41 KB) Hobby Farm Sites
Table 13 (PDF 32 KB) Mixed Farming
Table 14 (PDF 31 KB) Coastal Mixed Farming
Table 15 (PDF 29 KB) Tablelands Mixed Farming
Table 16 (PDF 22 KB) Western Mixed Farming
Table 17 (PDF 25 KB) Specialised Rural Properties - Changes to legislation now require land values for irrigated rural land to ignore the added value of any water secured by a water right. For an explanation of land values for irrigation properties see our fact sheet Land values for irrigation properties (PDF 327.6 KB).

 

Archived historical land value tables 'Blue Books'

Copies of the tables covering the years 1977 to 1996 are available online. The tables are known to some as the 'Blue Books'.

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