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  • Market valuations

    The benchmark market values are only general market values for use where you do not have a market valuation. If you have a current independent market valuation for your supply, you must use it unless you qualify to use the transitional arrangements for market valuations.

    An independent market valuation may include a valuation by a licenced valuer or a real estate agent but does not include internal market valuations. Where you have a market valuation that has been undertaken by a licenced valuer, then you must use that valuation unless you are eligible to use the transitional arrangements for market valuations.

    Your options for determining if the supply is for nominal consideration will depend when the independent market valuation was undertaken.

    On this page:

    Transitional arrangements for market valuations

    If you had an independent market valuation but have been using the benchmark market values instead to determine if your supply is for nominal consideration, you will have a transition period to 30 June 2023. If you were making that supply before 1 January 2019, you will be able to use any of the following:

    After 30 June 2023, you will not be able to use the benchmark market values if you have an independent market valuation that is less than four years old.

    CPI adjusted market valuation

    Where you have an independent market valuation that is less than four years old, you can adjust that valuation by CPI and use that figure to determine if your supply is made for nominal consideration.

    Short-term accommodation and meals

    For short-term accommodation and meals, you can use the CPI 'Weighted average of eight capital cities' on the Australian Bureau of Statistics website to adjust your valuation by CPI.

    See also:

    Long-term accommodation

    For long-term accommodation:

    • you can use the rents component of the Housing Group CPI for the relevant capital city in your state or territory to adjust your valuation by CPI
    • if the property is being used to provide accommodation under the National Rental Affordability Scheme (NRAS), you can use the CPI adjusted market value that you use for NRAS purposes.

    To adjust your valuation for CPI by using the rents component of the Housing Group CPI:

    • go to the Australian Bureau of Statistics consumer price index page
    • go to the downloads tab
    • download the spreadsheet for Table 11
    • find the row that relates to rents for the capital city in your state or territory and select the link in the series ID column. This will take you to the column of quarterly CPI changes for rents for that capital city
    • go to the end of the column and find the quarter in which your market valuation was made
    • go to the next row, which will be the following quarter
    • adjust your market valuation by the percentage shown
    • repeat this for each quarter up to the quarter for which you require the CPI adjusted market valuation.

    See also:

    Current year's valuation

    If your organisation has an independent market valuation for the supply, you must use that valuation. You cannot use the benchmark market values.

    Valuation one to four years old

    Where you have an independent market valuation for a previous year that is less than four years old, you cannot use the benchmark market values. To determine if your organisation's supply is for nominal consideration, you can do one of the following:

    Valuation more than four years old

    If the independent market valuation is more than four years old, and you do not have a more recent independent market valuation, you can do any of the following:

    • use the ATO benchmark market values
    • use the market value guidelines
    • get a new market valuation.

    Find out about:

      Last modified: 15 Aug 2019QC 32370