The NSW Valuer General has published land values for the Sydney South West region.
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 | $154,180,529,591 | $149,243,754,636 | -3.2% | 219,036 |
| Commercial | $14,120,133,700 | $15,934,829,920 | 12.9% | 2,652 |
| Industrial | $26,189,180,370 | $28,818,123,710 | 10.0% | 3,176 |
| Rural | $20,675,665,390 | $20,912,836,090 | 1.2% | 5,870 |
| Other | $6,330,595,569 | $6,264,825,193 | -1.0% | 5,434 |
| Total | $221,496,104,620 | $221,174,369,549 | -0.2% | 236,168 |
Camden, Campbelltown, Liverpool and Penrith.
The total land value for the Sydney South West region was generally steady overall showing a -0.2% decrease between 1 July 2022 and 1 July 2023 from $221.5 billion to $221 billion.
Residential land values in the region experienced a slight decrease of -3.2%. The market has slowed due to interest rate rises, inflation and increasing construction costs.
Commercial land values in the region experienced a strong increase of 12.9%. This increase has been driven by continued development and upgrading of infrastructure, particular of the road network and the planned upgrades for the rail and metro networks, particularly associated with the release precincts and Western Sydney Airport.
Industrial land values in the region experienced a strong increase of 10%. This increase has been driven by continued development and upgrading of infrastructure, particular of the road networks and the continued strength in the industrial market across the wider Sydney area.
Rural land values in the region were overall steady with a 1.2% increase. This follows similar trends of the surrounding residential zoned land.
For more information, visit: Valuer General pages
