No, Wollongong City Council does not get more money when land values go up.

Any increase to a council’s total general income is determined by IPART. This is also called the rate peg. You can visit IPART's website to learn more about how the rate peg works.

For the 2024-2025 financial year, IPART increased Wollongong City Council’s total general income by 5%. But because of how the total general income is distributed, and the role land values play in how much you pay, this doesn’t mean everyone’s rates will increase by 5%.