The Valuer-General’s sales statistics are compiled from the information lodged each time a property sale is completed, and released every quarter and every year. Its revaluation figures are different: they give the value of every rateable property as at 1 January.
General informationThis page explains what Valuer-General Victoria publishes. It is not a valuation of any property and not financial advice. The figures themselves are on the Valuer-General’s sales data page and its 2026 revaluation outcomes. A question about the valuation on one rates or land tax notice goes to the council or the State Revenue Office that issued it.
Two records, two dates
It is easy to read a sales median and a valuation as two answers to one question. They are records of different things, made in different ways, on different dates.
- Sales statistics
- Made from the details lodged every time a sale is completed.
- Covering houses, units and vacant residential land, and commercial, industrial and rural property.
- Dated by the quarter or the year in which the sales fell, released quarterly and yearly.
- Rating valuations
- Made by certified practising valuers working for the Valuer-General, whose qualifications are set by the Minister responsible for the Valuation of Land Act 1960.
- Covering every rateable property, revalued each year.
- Dated 1 January, and meant to reflect fair market value on that day.
The two meet in one place. The Valuer-General lists what its valuers collect and analyse before setting a value, and sales and rental transactions come first on that list, ahead of inspection data, older government property records, planning and building permit records, zones and overlays, transaction statistics, and title and occupancy details. A valuation made as at 1 January therefore leans on sales that happened before it.
The quarterly report
The Victorian Property Sales Report comes out four times a year, in March, June, September and December. Each one gives median sale prices by suburb for houses, units and vacant land across a 15-month span, with the percentage change from the previous quarter and over 12 months. It also carries one overall median for metropolitan Melbourne and one for country Victoria, for each type of property, and the Valuer-General adds a summary of activity that points to where prices changed most.
On 8 October 2026 the newest report on the page was the one for the March quarter of 2026, released in September 2026. It came with a yearly summary and separate median spreadsheets for houses, units and land for that quarter. So a median quoted from it in October is still a March quarter median, whatever day it is quoted on.
The annual figures
Once a year the Valuer-General publishes fuller sales data: statistics for each of Victoria’s 79 municipalities and yearly suburb medians reaching back ten years. The newest files, as at the page update of 9 September 2026, were A Guide to Property Values 2025, a year summary for 2025, and three suburb tables (houses, units and land) running from 2015 to 2025. Earlier reports and quarters are kept in a past sales data section.
The 2026 revaluation
The revaluation summary is the record of the 1 January valuation, totalled. In 2026 it covered 3.48 million properties, with a combined site value of $2.08 trillion and a capital improved value of $3.41 trillion, as at 1 January 2026. Site value is the figure land tax is worked out from. Capital improved value takes in the land, the buildings and any other capital improvements.
| Land use | Properties | Site value | Capital improved value | Change reported |
|---|---|---|---|---|
| Residential | 3.00 million | $1.58 trillion | $2.60 trillion | up 3.30% |
| Commercial | 168,318 | $118 billion | $272 billion | up 0.40% |
| Industrial | 102,000 | $112 billion | $189 billion | up 2.40% |
| Rural | 162,666 | $198 billion | $245 billion | up 0.10% |
The Valuer-General says the figures cover rateable property and property that is not rateable but is leviable, and that the downloadable summary adds an annual comparison of capital improved value and counts of properties by land use, for metropolitan Melbourne and regional Victoria. Behind every row are the individual valuations that councils use to share out rates, and that the State Revenue Office uses for land tax and the Emergency Services and Volunteers Fund.
Two things are worth reading in that table. First, the summary states each change as an increase in capital improved value without naming the year it is measured against on the page itself; the downloadable outcome summary is where the Valuer-General sets out its annual comparison. Second, the four rows add up to about 3.43 million properties, fewer than the 3.48 million in the total; the page does not say where the rest are counted.
The archive tells the history of the record in its gaps. Outcome summaries are listed for 2014 and 2016, then for every year from 2018. That matches the change the Valuer-General describes: revaluations every two years in each municipality before 2019, and every year since.
Five questions to ask of any figure
A figure drawn from these records says something exact only when it comes with five answers. Each is printed somewhere on the Valuer-General’s own pages.
- Which record? Completed sales, or a valuation.
- Which date? A quarter, a year, or 1 January.
- Which area? A suburb, a municipality, metropolitan Melbourne, country Victoria or the whole state.
- Which kind of property? House, unit or vacant land in the sales report; residential, commercial, industrial or rural in the revaluation.
- Which release? The quarterly report is replaced four times a year, so a figure carries the release it came from.
The answers do not make a figure say more than it does. A suburb median from the March quarter of 2026 is a fact about sales in that quarter, and nothing in the record speaks to the quarter after it.