Professional & Affordable Property Valuation Services
Across Australian Capital Cities and Regional Centres
Property valuations are required by professionals, with their clients, in legal, accounting/taxation, government and mortgage/finance requirements, to show a legal document proof a fair market value of the client?s subject property. Also, property valuations are required by clients to assess a rental level, pre-sale price/auction reserve, pre-purchase price, portfolio review etc.
Property Valuation ? is the process of an inspection and preparation of a valuation report, by an accredited property valuer (from the Australian Property Institute, API), to assess the fair market value of the subject property, based on the subject property?s details, features, zoning, areas (Site and building areas for freehold properties. Lot?s apartment or unit area, for strata properties.), environmental considerations, local comparable sales and property market information.
Fair Market Value defined in the 1907 Spencer V The Commonwealth court case, ?Fair Market Value is the estimated amount for which an asset should exchange on the date of valuation between a willing buyer and a willing seller in an arm?s length transaction, after proper marketing, wherein the parties had each acted knowledgeably, prudently and without compulsion?.