How is my property's Gross Rental Value calculated?

The calculation of the GRV is based on many factors determined by Landgate, including:

Residential

• location
• age and size of the property
• extra facilities (including carports or below ground pools)
• proximity to services (schools, public transport, shops, main roads etc.).

Business

• location
• age, building area and construction materials
• street exposure and property access
• proximity to main arterial roads and primary commercial precincts.

For residential vacant land and other specialised properties, the rateable value is based on:

• 3% of the property's capital value, or
• the amount the land and any buildings would reasonably receive if sold.