What is this review about?
IPART has been asked to review the maximum prices that the Valuer General can charge for land valuation services to councils from 1 July 2025 for a 6-year period.
The NSW Valuer General is responsible for providing land values in NSW. These are used by councils when calculating rates.
IPART determines the maximum price that the Valuer General can charge councils for this service.
The NSW Premier approved a final Terms of Reference for us to review the Valuer General’s prices to NSW local government for the 6 years from 1 July 2025.
Since our 2019 review, Value NSW have changed the way they deliver valuation services, transitioning to a hybrid model, to deliver valuation services through a mix of in-house and contracted valuers. Value NSW (within the Department of Planning, Housing and Infrastructure) is the government agency that supports the Valuer General.
What is the Valuer General proposing?
The Valuer General is proposing a step change price increase of between 21% and 38% depending on the pricing zone plus inflation, and to maintain the existing 4 pricing zones based on geographical location. The Valuer General also proposed that prices be set for a 6-year period.
The Valuer General’s pricing proposal is available here.
This proposal outlines changes to the Valuer General’s operating environment, including the transition to a hybrid model which is a mix of undertaking valuations in-house and using external third-party contractors.
The Valuer General’s proposed prices per property valuation for each zone are outlined in the table below.
How will we conduct our review?
We are interested to hear what you think about the maximum prices the Valuer General can charge councils for land valuation services over the next 6 years. Our Call for Submissions paper sets out some of the issues we will consider during the review and asks for your feedback.
IPART is currently seeking stakeholder views on the Valuer General’s proposed prices with submissions due by 19 November 2024. You can make a submission here.
There will be further opportunities to provide input on our draft recommendations at a public hearing.
Stakeholders who would like to be notified by IPART of updates to this review can subscribe here.