AU Australia property term
Gross Rental Value (GRV)
Western Australia
Plain-English definition
Landgate's estimate of the total annual rent a property might reasonably earn, including specified outgoings.
Why this matters to a foreign buyer
GRV is a rating value, not a promise of market rent. WA councils and other rating authorities use it to calculate rates, service charges and levies.
Gross Rental Value, commonly shortened to GRV, is Landgate’s estimate of the gross annual rent a property might reasonably earn under the statutory valuation framework. It is a rating value, not a rental guarantee.
How GRV is used
Local governments and other rating authorities use GRV as a valuation base when calculating council rates, service charges and levies. The final bill applies the authority’s rate or charge to the valuation.
GRV is not a rental appraisal
A rental appraisal estimates current market rent for a particular property. GRV is produced for rating purposes and may use a valuation date and assumptions that differ from today’s leasing market. The two figures should not be treated as interchangeable.
What an owner should check
Find the GRV on the rates notice or relevant valuation record, note its effective date and check the available objection process if the valuation appears incorrect. Compare investment income using current leasing evidence rather than GRV alone.
Frequently asked questions
Is GRV the rent my property will achieve?
No. GRV is a statutory rating valuation and does not guarantee the rent available in the current market.
Who determines GRV in Western Australia?
Landgate’s Valuer-General function determines gross rental values under the relevant valuation framework.
For step-by-step Perth and WA guides, visit Property Learning Hub.