Gross rental value (GRV)
Gross rental value (GRV) is the fair rental value of your property, as determined by the state government body Landgate. It is an estimate of how much you could expect to receive if you were to rent your property. GRVs are subject to revaluation every three years as they can change following building and demolition works to a property, and subdivisions.
For more information, please visit the Landgate website.