Property Valuation Report

Get access to property insights used by real estate agents & the big 4 banks

Property valuation is a detailed report of the current value that a particular property has in the market based on its location, condition etc.

It is practically impossible for a buyer to understand how much money the property is worth without having valuable information about the property. However, the sale price, more often than not, is different to the valuation of the property because it involves other factors such as human emotion, negotiation skills etc.

There are many reasons why one may require a property valuation. Some of the reasons are listed below:

• For Taxation Purposes – The estimated valuation of the property is taken into consideration for the purpose of calculating various taxes on property like wealth tax, vacant land tax, ground rent tax, property tax, municipal tax, capital gain tax etc.
• For the purpose of buying or selling properties – Before you buy or sell a property, it is essential to get it valued. The valuation helps all parties understand the fair market value of the property.
• For renting a property – Valuation reports will help you determine the fair and competitive rent for the property you are either looking to rent or looking for tenants
• For the purpose of a Mortgage – The valuation of the property decides the loan amount you are eligible to receive
• Audit of your SMSF – While getting your SMSF audited, the auditor will ask for a valuation report based on which your fund’s accounts, statements and annual returns are prepared.
• To transfer properties – In case of transferring properties between individuals, a property valuation is required to estimate its value first.
• Declaring Bankruptcy – If an individual or company declares bankruptcy, they need the valuation report to auction their assets.

To summarize, an individual or a company would need to get a property valuation done of an asset which is foreseeing a financial transaction. This report can help parties understand the current market trend, value of the property, taxes related to the property etc.

The Confidence is based on a statistical calculation as to the probability of the Estimated Value being accurate compared to market value. The available confidence values returned are High, Medium-High, Medium, Medium-Low, and Low. An Estimated Value with a ‘High’ confidence is considered more reliable than an Estimated Value with a ‘Medium-High’, 'Medium', ‘Medium-Low’ or 'Low' confidence. The Confidence is a reflection of the amount of data we have on the property and similar properties in the surrounding areas. Generally, the more data we have for the local real estate market and subject property, the higher the Confidence level will be. Confidence should be considered alongside the Estimated Value. Confidence is displayed as a coloured coded range with red representing low confidence, through to amber which represents medium confidence to green for higher confidence.

This service reproduces materials and content owned or licenced by out third-party service provider and may include data, statistics, estimates, indices, photographs, maps, tools, calculators (including their outputs), commentary, reports and other information.

The Data provided in the report is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While we use commercially reasonable efforts to ensure the data is current, we do not warrant the accuracy, currency or completeness of the data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the data.

An Estimated Value is generated
(i) by a computer driven mathematical model in reliance on available data;
(ii) without the physical inspection of the subject property;
(iii) without taking into account any market conditions (including building, planning, or economic), and/or
(iv) without identifying observable features or risks (including adverse environmental issues, state of repair, improvements, renovations, aesthetics, views or aspect) which may, together or separately, affect the value.

An Estimated Value is current only at the date of publication or supply. We expressly exclude any warranties and representations that an Estimated Value is an accurate representation as to the market value of the subject property.

To the full extent permitted by law, we exclude all liability for any loss or damage howsoever arising or suffered by the recipient, whether as a result of the recipient's reliance on the accuracy of an Estimated Value or otherwise arising in connection with an Estimated Value.