WA Landgate GRV Increase?

Discussion in 'Property Market Economics' started by WestOz, 1st Aug, 2016.

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  1. WestOz

    WestOz Well-Known Member

    19th Jun, 2015
    Hi All,
    Whilst I'm not getting in a tangent, as usual it is what it is, take it on the chin & move on etc, I'm wondering if someone could explain this please, other than"because they can"...

    Just received latest Watercorp bill for Mandurah property, it says "Your new rateable value of $13780 applies from 1 July 2016" up from $11960, an increase of $1820.

    How can GRV go up when property prices and rental values/income have fallen considerably?

    Bi-Monthly Water Service charge has gone from $37.68 to $40.13
    Bi-Monthly Sewerage charge has gone from $127.93 to $140.68
    Total = $165.61 to $180.81 Bi-Monthly

    No Doubt, as usual, the local Council will again increase rates by ~4% this year, when its residents asset/s have fallen.
    What's the consideration that these increases are going to be passed on to tenants, some likely already doing it very tough.

  2. Aaron Sice

    Aaron Sice Well-Known Member

    18th Jun, 2015
    Ocean Reef, WA
    Because the Water Corp is a fascist system.

    Govt compete with private sector. They encourage you to use less of their product, realise their drop in revenue and then charge you more for the same; while continuing to encourage you to use less....

    They then set feed in rates at an unrealistic level to squeeze out the private sector that generate taxes and GST for the government....more so than the Water Corp itself.

    Now swap wording "Water Corp" with Synergy or Main Roads.
    JohnPropChat and mrdobalina like this.