The NSW Valuer General has published land values for the Sydney Central region. Scroll down for region overview.
The land values reflect the value of land only, as at 1 July 2023. Land value is the value of the land only. It does not include the value of a home or other structure.
Property sales are the most important factor valuers consider when determining land values.
The new land values will be used by Revenue NSW to calculate land tax for the 2024 land tax year. Registered land tax clients will receive their land tax assessment from Revenue NSW from January 2024. More information on land tax can be found at Revenue NSW web pages.
The latest land values for all properties in NSW are available on the Valuer General pages along with information on trends, medians and typical land values for each local government area.
| Property type | 1-Jul-22 | 1-Jul-23 | % change | Property count |
|---|---|---|---|---|
| Residential | $526,209,461,285 | $491,094,596,859 | -6.7% | 310,730 |
| Commercial | $29,748,845,156 | $29,681,529,928 | -0.2% | 10,877 |
| Industrial | $32,378,899,021 | $34,265,150,101 | 5.8% | 6,079 |
| Rural | $3,726,210 | $3,535,900 | -5.1% | 2 |
| Other | $8,467,277,004 | $8,193,385,747 | -3.2% | 6,399 |
| Total | $596,808,208,676 | $563,238,198,535 | -5.6% | 334,087 |
Burwood, Canada Bay, Canterbury-Bankstown, City of Parramatta, Cumberland, Inner West, Ku-ringgai, Ryde and Strathfield.
The total land values for the Sydney Central region decreased moderately by -5.6% between 1 July 2022 and 1 July 2023 from $597 billion to $563 billion.
Residential land values in the region experienced a moderate decrease of -6.7%. The market has slowed due to interest rate rises, inflation and increasing construction costs.
Commercial land values in the region remained steady at -0.2%. However, this trend was not consistent across the region. The smaller commercial centres with less pedestrian flow, passing trade and potential for redevelopment were more impacted by the downturn than the main centres.
Industrial land values in the region increased moderately by 5.8% overall. This was driven by continued growth in e-commerce, logistics, improved road networks, such as the St Peters Interchange and M4 extension and a general shortage of quality industrial stock available to the market.
Rural land values in the region decreased moderately by -5.1% overall, in line with the residential land. Canterbury-Bankstown is the only local government area in the region with rural zoned properties, albeit very few.
For more information, visit: Valuer General pages
