Rental value shock Jaime Shurmer
HOMEOWNERS FACE HIGHER CHARGES
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.