Desktop Valuations are ideal for those who are researching the value of a property. The most cost effective way to get startedClick here to find out more.

 

Kerbside Assessments are ideal for those who require an assessment of a property. A very cost effective method to assess the value of an asset.

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Short Form Valuations are formal, registered valuations that may be relied upon for an accurate assessment of value. The most cost effective method to acquire an accurate assessment of value.

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Long Form Valuations are formal, registered valuations that may be relied upon for an accurate assessment of value. 

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Types of Valuations

 

1. Fair Market Value 

This is the most common form of valuation. The concept of Market Value was derived by an historic court case in 1907 Spencer v The Commonwealth where the ‘willing buyer, willing seller’ concept was adopted. Valuers are also always mindful of ‘highest and best use’ of land.

 

2. Statutory Value 

Is market value for a specific government involvement such rating and taxes. These may include; 

  • Stamp Duty
  • Rates
  • Taxation such as Capital gains, Goods and services tax (GST)

 

3. Specialised Value 

Any situation that may require a specific issue to be addressed. These may include;

  • Loss of views
  • Loss of privacy
  • Boundary adjustments
  • Compensation

 

4. Progress Inspections 

When using the services of a builder to construct a house, extension or commercial building, the builder needs to be paid in various steps along the construction path. Normally, if you use a financial institution they will address this issue internally. If you are self-funding the construction you should have an interface between you and the builder. Often an architect may provide this as part of their service, however, the cost for them to carry out such reports can be enormous and confusing for you and the builder. Valuers have a practical approach in this area and you will find their assessments clear and practical.

 

5. Asset management 

Certain property types require they be valued on a yearly basis.

 

6. Hypothetical 

Hypothetical valuations are those primarily assess value upon the fulfillment of a future event.

 

7. Insurance Value

Insurance value is the amount your property needs to be insured. Insurance values take into account replacement as well as other issues to have your property reinstated prior to an unfortunate event.

 

8. Mortgage Valuations 

Mortgage valuations a primarily valuations for lending purposes and will include features not usually included in other types of valuations, for example, risk assessment to enable the lender to make a qualified judgment as to the suitability of the property as security and determine a credible and safe loan value ration (LVR).

 

9. Englobo Valuations

Before a development begins an en-globo valuation and hypothetical assessment need to be obtained to calculate the value of the raw land and the expected returns based upon various investment models.