The Independent Pricing and Regulatory Tribunal (IPART) has released its final report and determination of the prices the Valuer General can charge councils for land valuation services. The report and determination set and regulate the prices from 1 July 2019 to 30 June 2025.
IPART’s decisions included:
- setting prices for councils that are 2.5% lower than in the previous determination period.
- reducing councils’ share of the Valuer General’s efficient costs from 34% to 30.5%.
- changing the pricing structure from state wide residential and non residential prices, to pricing based on four geographical zones (country, coastal, metro and City of Sydney). Councils will pay $7.51, $6.40, $5.90 and $12.21 per valuation for land in country, coastal, metro and City of Sydney zones.
Visit the IPART website for all the materials relating to the review, including IPART’s reports, determinations, submissions from the Valuer General and other stakeholders, and the transcript from the public hearing.
