A valuer assesses the value of land, buildings, improvements and other factors that influence the value of your property, a process that usually involves an external and internal inspection of the property. Valuers are independent with no vested interest in the properties they value. A valuation report is a professional and legal assessment of the value of your property prepared for many different purposes.

The cost of a valuation varies according to the location, size, value and type of the property to be valued, as well as the type of report required, i.e. short-form three page report or long-form report that is more detailed and required particularly for family law or litigation purposes. The cost of a valuation is usually tax deductible if the property is held for investment purposes. The cost of this professional advice is relatively small compared to your investment and the potential savings and peace of mind it can provide you. Please contact WBP for a quote on your property.

What qualifications does a valuer have?

A valuer must complete relevant tertiary level qualifications and be licensed or registered by the appropriate state body to practise as a qualified valuer. Only qualified valuers are recognised by courts of law as expert interpreters of the property market.

Is a valuation different from a council rates notice?

Yes. A rating valuation is prepared for the purpose of assessing rates and land tax of a property. It does not usually involve an internal inspection and is prepared at a particular date. The relevant date of valuation on your rates notice can vary depending upon where you live. This valuation cycle can be 12 months and up to 4 years in some cities.

I am buying a property, do I need a valuation?

A valuation before you buy a property can provide you with an independent opinion of its value. This can help you negotiate the right price and save you money. Valuers will check the property’s title and zoning as well as provide a risk analysis which highlights any potential opportunities or threats.

I am selling my property, do I need a valuation?

Before you sell your property, a valuation can provide you with an independent assessment of current value before placing it on the market. This figure may be different to what a real estate agent says your property is worth. The valuation report is a document that can be used as a negotiating instrument to ensure you do not sell a property for less than it is actually worth. A valuer can also provide you with tips on how to add value to your property.

I am a property investor, does WBP offer any other services to help me maximise returns on my investment?

A tax depreciation schedule report can help you maximise the tax benefits of owning an investment property. Depreciation schedules prepared by a qualified property professional can provide higher tax benefits than an accountant’s standard depreciation schedule, and the cost of a depreciation schedule is tax deductible.

What other types of valuations and services does WBP provide?

Valuations For All Property Types

-Market Valuation

-Mortgage / Refinancing Valuation

-Family Law Valuation

-Before-You-Buy Valuation

-Before-You-Sell Valuation

-Portfolio Valuation

-Self-Managed Superannuation Valuations

-Body Corporate / Insurance Valuations

-Capital Gains Tax Valuations

-GST Valuations

-Rental Assessments

-Stamp Duty Valuation

-Estate / Probate Valuation

-Rating & Tax Valuations

-Litigation & Dispute Valuations

-Resumptions & Compensation Valuations

-Before-You-Renovate Valuation