Review of pastoral rent methodology

Proposed Alternative Methodology

• The Valuer-General has committed to a review of the valuation calculation method (the methodology) to further address the outstanding issue of transparency, being the major frustration expressed by industry in the 2019 rent determination.
• The Valuer-General is proposing a methodology which more closely reflects the way that market participants (buyers and sellers) participate in the market.
• This would provide the clarity and transparency the industry is calling for.
• Investigations into alternative calculation methodologies include reviewing the previous work completed by the PRAWG. 
• The following methodology proposed by the Valuer-General is the starting point for industry consideration and discussion.

The feedback period has closed. We are currently in the process of reviewing submission and preparing responses.