Whittlesea Council has completed the revaluation of all 72,500 properties within the municipality.

The average movement in property values by sector indicates that since January 2010, residential, rural and commercial properties have risen by 2%, while the value of industrial land has dropped by 6.4%.

The data is used to calculate rates on individual properties to work out how much each ratepayer will pay toward council services.

Properties will the greatest increase was Wollert, up 5%, while Doreen and Whittlesea went up 7%. Mill Park was the only suburb to record negative growth, down 1%.

-ENDS-

John Wilkinson and Barbara McLure compile this newsletter which is delivered electronically to key people and decision makers across the north of Melbourne and beyond.

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