Ren­tal value shock Jaime Shurmer


Canning Times - - NEWS -

HOME­OWN­ERS such as Brent­wood's Paul Green may soon be feel­ing the pinch, with prop­erty val­u­a­tions ap­plied on July 1 based on two-year old fig­ures.

Mr Green said the gross ren­tal value on his land was also push­ing up wa­ter charges and the emer­gency ser­vices levy.

“Every­one knows rents have been fall­ing heav­ily in Perth, so how could my GRV go up and ef­fec­tively push my council and wa­ter rates even higher when surely it should have gone down?” Mr Green said.

“The fact is that my ren­tal was empty as at July 1, 2017, and in the mid­dle of July I fi­nally signed up at ten­ant at the mar­ket rate of $335 a week.

“That’s $17,400 a year and 19.4 per cent lower than the GRV the Valuer-Gen­eral has kindly de­ter­mined for me as at July 1.

“That means I will pay 19.4 per cent too much for wa­ter rates and council rates and charges for the next three years on an as­sumed GRV that I could never achieve in this econ­omy and ren­tal mar­ket.

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