24 August 2022

Here's what your rates bill will be in 2022-23

| Ian Bushnell
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Housing from above

Canberra rates have risen on average by 3.75 per cent but vary from suburb to suburb. Photo: Michelle Kroll.

Ratepayers in some Canberra suburbs will actually pay less this financial year, according to the ACT Government’s complete list of annual bills for houses and units (see below).

Rates rose by an average of 3.75 per cent on 1 July, but bills will vary widely across the Territory, depending on the property’s type, size and location.

House owners in Taylor in the north will enjoy a -4 per cent drop in rates, down $106 to $2441, while for those in units, the rates bill will be $1761, down $18, or -1 per cent.

In Belconnen, Weetangara residents will pay slightly less, down -1 per cent or $25 to $3694.

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In Canberra’s newest suburb, Whitlam in the Molonglo Valley, where so far there are only houses, the rates bill will fall -2 per cent or $48 to $2572.

A few suburbs will stay roughly the same as last year – Calwell in the south ($2292) and Throsby in the north ($2598) for houses, and Moncrieff ($1627) in the north for units.

But most property owners will face a rates rise, ranging from 1 per cent to a peak of 11 per cent across houses and units.

Unsurprisingly the affluent inner suburbs will be forking out the most.

Those lucky enough to own a house in exclusive Forrest will pay the highest rates bill – $12,054, up $467 or 4 per cent.

It is in a league of its own, with its inner south neighbours the next highest: Red Hill $7164 (up 3%), Griffith $7314 (up 7%) and Yarralumla $7440 (up 5%).

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Weston Creek, where property values have skyrocketed over the past couple of years, has incurred some of the biggest increases.

Duffy and Fisher jumped 8 per cent to close in on $3000 at $2981 and $2932, while Stirling surged 7 per cent to $2898 and Weston, Waramanga and Rivett rose 6 per cent to $2903, $2896 and $2682.

The Woden Valley has also been a big mover in house prices and the rates increases reflect this with Torrens ($3597) jumping 7 per cent and Lyons ($3802), Phillip ($2719) and Mawson ($3743) rising 6 per cent.

Gungahlin suburbs also had their fair share of hefty increases.

Amaroo leapt 7 per cent to $2448, and Bonner ($2117), Casey ($2269), Crace ($2459), Harrison ($2452) and Moncrieff ($2200) all rose 6 per cent.

In Belconnen, Evatt ($2483) incurred the biggest rise at 6 per cent, followed by Giralang ($2723) and Spence ($2368) at 5 per cent.

Issacs leads the units rate rises, surging 11 per cent to $3245, followed by Garran ($2278, up 9 per cent) and Yarralumla ($4824), Narrabundah ($2317), Deakin ($2708) and Macarthur($2233) all up 7 per cent.

Rates 2022-23

ACT rates 2022-23. Image: ACT Government.

Original Article published by Ian Bushnell on Riotact.

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