City Square, 199–209 Collins Street, MELBOURNE VIC 3000
All valuations as at 30 June of the respective year.
The consolidated values contained within this list include both land and building asset values applicable to the specific sites.
The land values included in the Council Asset Register relate to land holdings both owned and controlled by the Council.
The City of Melbourne has significant crown land holdings controlled on behalf of the Crown via various structures including crown grants, committees of management and other reservations.
The Council is required to value land and building assets pursuant to the provisions of AASB 116 and AASB 13. The ‘fair value’ applicable to land value assessments, specifically parks and alike, are significantly adjusted against full market value reflecting legislative provisions, site control, use restrictions and other limitations directly associated with their public use.