New land values for Greater Sydney
The NSW Valuer General has published land values for the Greater Sydney region.
The NSW Valuer General has finalised land values for every parcel of land across New South Wales (NSW). The land values reflect the value of land only, as at 1 July 2025.
General overview
Land values across Greater Sydney have grown by $87.9 billion in the last 12 months according to new analysis from the NSW Valuer General.
The NSW Valuer General has finalised land values for every parcel of land across the state, reflecting the value of land only as of 1 July 2025.
Sally Dale, Valuer General of NSW said: “Greater Sydney continues to experience growth driven predominately by residential land values across the region.”
The total land value for Greater Sydney experienced a combined increase of 4.5% across all property types, rising from $1.9 trillion at 1 July 2024 to $2.0 trillion at 1 July 2025.
Property sales are the most important factor valuers consider when determining land values.
Total land values for Greater Sydney
| Property type | 1 July 2024 land value | 1 July 2025 land value | Percentage change | Property count |
|---|---|---|---|---|
| Residential | $1,633,283,230,717 | $1,710,860,643,351 | 4.7% | 1,123,778 |
| Commercial | $94,436,670,240 | $98,801,100,140 | 4.6% | 25,809 |
| Industrial | $109,052,032,562 | $112,901,898,611 | 3.5% | 16,691 |
| Rural | $46,949,240,326 | $47,730,208,426 | 1.7% | 21,148 |
| Other | $54,566,286,386 | $55,870,087,514 | 2.4% | 39,725 |
| Total | $1,938,287,460,231 | $2,026,163,938,042 | 4.5% | 1,227,151 |
Residential land values
Residential land values across Greater Sydney experienced a combined increase of 4.7%.
“Most local government areas experienced increases to residential land values across Greater Sydney. In the western suburbs, ongoing demand versus supply saw strong increases in residential land values for Fairfield (+11.2%) and Penrith (+10.7%) as buyers move towards areas with greater affordability” Ms Dale said.
“Growth in land values has largely been driven by reduced interest rates, population growth and the need for more supply.” Ms Dale said.
Commercial land values
Commercial land values across the region experienced a moderate increase of 4.6%. Camden (+12.4%) saw one of the largest increases in land values. Ryde (-6.6%), North Sydney (-3.3%) and Burwood (-2.8%) saw the largest decreases in land values.
“Camden’s rise is driven by demand for commercial space in close proximity to the soon to be opened Aerotropolis as well as increased population growth in the area,” Ms Dale said.
“Constrained supply and demand for well-located commercial properties with development potential, improvements to local infrastructure projects, as well as leased properties with secure income streams have driven the increases in Greater Sydney commercial land values.”
Industrial land values
Industrial land values across the region experienced a slight increase of 3.5%. Liverpool saw strong growth of 10.6% in industrial land values due to infrastructure upgrades.
“Demand is being driven by current and future benefits from construction of the Western Sydney Airport and the Western Sydney Airport Metro Line, with improved connectivity, increased employment opportunities and better infrastructure. Strong population growth across Western Sydney is also contributing to heightened demand for industrial property,” Ms Dale said.
The biggest decreases in industrial land values were seen in the Hawkesbury (-7.2%) and Penrith (-5.1%) based on available sales evidence.
Rural land values
Rural land in Greater Sydney generally comprises lifestyle properties. These have remained steady, in contrast to rural values across the state which have seen a decrease in land value.
New land values for NSW
| Property type | 1 July 2024 land value | 1 July 2025 land value | Percentage change | Property count |
|---|---|---|---|---|
| Residential | $2,274,967,032,467 | $2,369,598,471,154 | 4.2% | 2,281,992 |
| Commercial | $169,098,924,135 | $175,171,575,235 | 3.6% | 62,090 |
| Industrial | $132,916,494,350 | $137,994,892,089 | 3.8% | 39,313 |
| Rural | $308,089,040,401 | $306,800,362,232 | -0.4% | 242,645 |
| Other | $103,055,875,581 | $104,839,645,819 | 1.7% | 95,660 |
| Total | $2,988,127,366,934 | $3,094,404,946,529 | 3.6% | 2,721,700 |
Overall, land values across NSW increased by 3.6%, from $2.98 trillion to $3.09 trillion. The new land values were assessed following analysis of more than 66,000 property sales.
The new land values will be used by Revenue NSW to calculate land tax for landowners who are liable. Registered land tax clients will receive their assessment notice from Revenue NSW starting January 2026 for the 2026 land tax year. For more information on land tax, thresholds and exemptions visit revenue.nsw.gov.au.
Local councils receive updated land values at least every 3 years and use them as one of a number of factors when setting rates. About two-thirds of councils will receive new values this year. If a council is receiving new values in 2025, residents will be sent a notice of valuation between November 2025 and April 2026. The Valuer General does not set council rates.
Landholders have 60 days from the issue date printed on their notice to object to their land valuation if they believe it is incorrect and can provide recent sales evidence to support their claim.
The latest land values for all properties in New South Wales, along with trends, medians and typical land values for each local government area, are available on the NSW Valuer General’s website.
For more information on land values and the NSW valuation system, visit Valuer General pages.