Residential and Rural Sale ratio statistics Tolerance Median sales ratio 0.90–1.0 Price related differential 0.98–1.03 Coefficient of Dispersion <10 Value Shift Statistic - Difference between average change in SV and CIV for sold and unsold properties, and NAV for leased and ‘other’ properties <10 per cent Commercial and Industrial Sale ratio statistics Tolerance Median sales ratio 0.85–1.0 Median Site Value sales ratio 0.90–1.0 Median Rental ratio 0.85–1.0 Coefficient of Dispersion <15.0 Difference between average change in SV and CIV for sold and unsold properties, and NAV for leased and ‘other’ properties <10 per cent For further information refer Appendix B, C and D. Templates VGV issues templates for each stage. The VGV 2019 Stage 2 templates are to be used by valuers to assist in meeting the VBPSG output requirements. Stage 2 tasks and outputs summary Task Output (provide electronically) Preparation Reconfigure SMGs identified for review at Stage 1. Use the 2019 VBPSG templates. Document any amendments to the composition of all SMGs since Stage 1 and advise VGV prior to submission of Stage 2. Prepare sales database from council records and all other available sources. Formally request property data under Section 3A of the Act to obtain where applicable: current lease and occupancy information building areas relevant property data on special use properties. Prepare rental database from surveys and tenancy/outgoings schedules and other sources. Report on the methods used to collect up-to-date rental information and comment on the standard of data obtained. Where rental questionnaires are sent out, report the number sent and the percentage returned. Report on the percentage of current rental data referenced against the total number of leased properties. The data collected must be of sufficient quality to meet the requirements for certification.
DN Valuer's Phone Number N Phone number Valuer 0392020202 DO Valuer's N Mobile number Valuer 0401051100 DP Objector's Name A Name of objector Rating Authority Jim Jones DQ Objector's Company Name A Name of objector’s company Rating Authority Jones Pty Ltd DR Objector's Street Number A Unit/Floor and Street numbers Rating Authority 21 DS Objector's Street Name and Type A Street name or PO Box as applicable Rating Authority Jones Street DT Objector's Town or Suburb A Town or Suburb Rating Authority Elwood DU Objector's Postcode N Postcode Rating Authority 3184 DV Objector's Phone Number N Phone number Rating Authority 0391010101 DW Occupier Name A Occupier’s name Rating Authority Jones Cafe DX Land Tax Objection Yes, No or Blank A Objection lodged with SRO = y Objection lodged with valuation authority = n Rating Authority n Type 2 Owner record This record contains the owner's name and address information. More than one owner record may be supplied for each assessment.
240.8 Nightclub/Cabaret 240.9 Reception/Function Centre 241 Hotel–Gaming Land licensed to sell liquor and is permitted to provide gaming facilities. May provide meals, limited accommodation, and/or entertainment. 242 Club–Gaming – stand alone Land permitted to provide gaming facilities associated with a special purpose organisation, e.g. ethnic club, RSL. Access is normally subject to entry conditions. 243 Member Club Facility Land upon which the use of the facilities are restricted by membership requirements. Entry is not available to non-members. May contain any combination of liquor sales, meals and limited accommodation, e.g. RACV member club, The Australian Club. 244 Casino Land with special operating permit for a large gaming facility. 245 National Company Restaurant Land occupied by a national company and used as a fast food outlet, e.g. KFC, McDonalds. 246 Kiosk Land developed with a small retail facility commonly found in public areas, e.g. parks, transport hubs. 247 Conference/Convention centre Land developed with purpose built facilities used for conference or convention centre purposes. 25 Entertainment – Cinema, Live Theatre and Amusements 250 Live Entertainment – Major Complex Land developed with a large purpose-built venue used for a wide variety of live entertainment, e.g. Melbourne Arts Centre. 251 Cinema Complex Land developed as a cinema complex incorporating theatres, either stand alone or within a larger complex. 252 Playhouse/Traditional Theatre Land developed as a theatre, either stand alone or within a larger complex. 253 Drive-In Land with an outdoor movie theatre with drive-in parking facilities. 26 Tourism Facilities/Infrastructure 260 Large Theme Attraction/Park Land developed as a high profile theme park with attractions, e.g. Sovereign Hill, Ballarat. 261 Amusement Park Land developed as purpose built amusement park with limited rides and attractions, e.g. Luna Park, Melbourne. 262 Major Infrastructure Attractions (often associated with a major historic or feature natural location). Land associated with a major tourist attraction destination, e.g. Penguin Parade at Phillip Island, Otway Fly Treetop Walk. 263 Tourism Infrastructure – Local Attractions Land associated with a local tourist attraction, e.g. cable cars, water slides, chair lifts, tourist railways. 27 Personal Services 270 Health Surgery Land used by a health practitioner in a stand-alone practice. 271 Health Clinic Land used as consulting suites by health practitioners within an unsubdivided complex, e.g. doctor, chiropractor, dentist, radiologist. Purpose
Value shift statistics Value shift statistics summarise the changes that have occurred between two revaluations. They are based on averages and, as such, are affected by outliers. This appendix explains the calculation of value shifts, the tolerances that apply, methods for removing outliers and the outputs required for each stage. Calculation of value shift statistics Table D1: Calculation of value shifts Change in Site Value Proposed SV (2019 level) Previous SV (2018 level) -1 x 100 Change in Capital Improved Value Proposed CIV (2019 level) Previous CIV (2018 level) -1 x 100 Change in Net Annual Value Proposed NAV (2019 level) Previous NAV (2018 level) -1 x 100 Change in Added Value of Detached Homes (AVPCC 110) and Residential Rural/Rural Lifestyle (AVPCC 117) CIV2019 – SV2019 CIV2018 – SV2018 -1 x 100 By subtracting 1 and multiplying by 100, the result is represented as a percentage, with a negative result denoting a decrease in value and a positive result denoting an increase in value. A value shift is produced for each assessment that has valid values in both 2018 and 2019. These are summarised by calculating an average per SMG. Average values are affected by outliers so it is necessary to identify and remove unrepresentative value shifts (e.g. where the nature of the property has changed between valuations and a supplementary valuation has not yet been performed). Value shift stage outputs and tolerances Table D2: Stage 3 outputs Residential (per SMG) and Rural (per SMG) Average Change in SV for sale properties Average Change in SV for non-sale properties Average Change in CIV for sale properties Average Change in CIV for non-sale properties Average Change in Added value of Detached Houses (AVPCC 110) for sale properties Average Change in Added value of Detached Houses (AVPCC 110) for properties HRP Individual value shifts only