Property Valuations FAQs

A surveyor plays an integral role in the property valuation process. Their task begins with exhaustive data collection about the property, including verifying official records, assessing prior ownership, and examining crucial property documents. These investigations help to trace the property’s history and inform the valuation. 

Following this documentation phase, our surveyors perform a careful physical inspection of the property. This analysis covers a multitude of considerations, ranging from the property’s structural integrity and the state of its utilities to its age and the thoroughness of its maintenance. 

This review identifies any major obstacles that could impact the property’s value, such as structural damage or poor upkeep. 

While we offer a range of online resources for a genuinely reliable property valuation, we recommend contacting our team of certified appraisers for a customised appraisal report. 

Our in-depth on-site inspections, local market knowledge, and consideration of unique property characteristics result in highly accurate fair market value opinions tailored to each property. 

Valuing a property before commencing renovations or alterations on its structure is vital for several reasons. 

Firstly, an initial valuation helps you establish a benchmark value for your property, offering key insights into your renovation budget and the potential financial viability of your proposed changes. 

An accurate property valuation takes several factors into account, including the location of your property, its overall condition, prevailing real estate trends in your area, and unique qualities of the property.

If you’re planning renovations or structural changes, a pre-renovation valuation report can guide you on the type of improvements that could add value to your property. For instance, arranging for a loft conversion, a kitchen extension, or altering an underused space like a garage could possibly increase your property’s worth. 

However, the added value might vary significantly based on the location and condition of the property, making it crucial to obtain a professional valuation. 

Lastly, if your property’s worth increases due to these improvements, it could impact your home insurance premiums and coverage.

Duo Tax provides an accurate and professional capital gains valuation service to assist you in determining your tax obligations linked to your property assets. 

Property sales often result in capital gains tax liabilities, which are calculated based on the property’s value. 

Our experienced team not only provides a precise valuation of your property but also ensures that you’re well-prepared when it’s time to meet these tax obligations. This service helps clarify the uncertain financial aspect of property sales, offering you peace of mind.

For Duo Tax to carry out an efficient and accurate property valuation, you’ll need to provide certain vital information. Key details include:

• Ownership information: As the owner, you must share your full details. This might include ID proofs, contact information and property ownership documents.
• Property Details: Accurate and detailed description of your property. This encompasses the size of your property, the number of rooms it has, any unique features, age, condition, and any recent renovations or improvements undertaken.
• Location details: Your property’s precise geographical location plays a crucial role in its valuation. Provide an exact address, neighbourhood details, and any prominent nearby landmarks.
• Property Records: These could include building plans, Land Title documents, rent records (for investment properties), or pest & building reports.
• Financial details: If applicable, you should provide any current leasing agreements, rental income, and property-related expenses.

Property Valuers determine a property’s value by implementing a meticulous and thorough method. The first step involves submitting various documents related to the property. These documents may range from official land titles to proof of prior ownership records, allowing Valuers to track the property’s history. 

Plus, our Perth property valuers conduct an on-site evaluation. During this process, they physically inspect the property to examine all its features, including its structural integrity, the condition of utilities, and the age and maintenance record, among other considerations. Problems such as structural damage or lack of maintenance are identified during the inspection, which could decrease the property’s value.  

Measurement of the property and assessment of its location are also critical. The property’s dimensions, the quality of the neighbourhood, accessibility to public amenities, and even the state of the local real estate market are all factored into the final valuation. 

Upon completion of these steps, an in-depth report known as a valuation report is prepared. This document offers a detailed and professional unbiased opinion on the monetary worth of the property. It considers all the above-stated factors and considers recent market trends. 

This process helps property owners gain insights into what features of the property offer value and what aspects could be improved to enhance the property’s worth in the present market. Furthermore, it provides information to potential buyers on the actual worth of the property they are interested in, guiding them to avoid scams or overpricing and helping them decide on a fair deal. 

Property Valuers determine a property’s value by implementing a meticulous and thorough method. The first step involves submitting various documents related to the property. These documents may range from official land titles to proof of prior ownership records, allowing Valuers to track the property’s history. 

Plus, our Perth property valuers conduct an on-site evaluation. During this process, they physically inspect the property to examine all its features, including its structural integrity, the condition of utilities, and the age and maintenance record, among other considerations. Problems such as structural damage or lack of maintenance are identified during the inspection, which could decrease the property’s value.  

Measurement of the property and assessment of its location are also critical. The property’s dimensions, the quality of the neighbourhood, accessibility to public amenities, and even the state of the local real estate market are all factored into the final valuation. 

Upon completion of these steps, an in-depth report known as a valuation report is prepared. This document offers a detailed and professional unbiased opinion on the monetary worth of the property. It considers all the above-stated factors and considers recent market trends. 

This process helps property owners gain insights into what features of the property offer value and what aspects could be improved to enhance the property’s worth in the present market. Furthermore, it provides information to potential buyers on the actual worth of the property they are interested in, guiding them to avoid scams or overpricing and helping them decide on a fair deal. 

While real estate agents can provide general estimated valuations, we recommend obtaining an official appraisal from a certified property valuer for an accurate and unbiased property value. Understanding the property market is crucial, and certified practising valuers provide independent assessments that reflect true market conditions. 

Unlike accredited valuers, real estate agents ultimately have a vested interest in buying or selling the property. Their valuations may be inflated to increase the selling price or lowered to make a quick sale. 

Additionally, agents often use automated valuation models which lack important on-site inspection details. Certified valuers combine proprietary models with extensive local market knowledge and detailed physical property assessments. 

For due diligence on buying, selling, financing, or investing, an independent valuation from a qualified expert provides a true fair market value opinion. Their extensive training and valuation methodology help remove any conflicts of interest. 

As a leading property sales information provider, our company sources extensive data on property transactions across Australia to deliver valuable intelligence to our clients. By leveraging our comprehensive national databases, updated regularly, we can supply detailed sales and property information, including sold prices, property characteristics, trends, and analytics to inform property valuations, pricing, and investment decisions. 

The most accurate way to determine your home’s current market value is to contact a certified property valuer for a professional appraisal. Our experienced property valuers consider the location, size, age, condition and features of your property, along with recent comparable sales and area market trends. We’ll inspect your home in person and provide a detailed fair market valuation report. This customised appraisal by a local market expert provides the real picture of what your home would likely sell for in today’s market. 

Online automated valuation models can provide a general ballpark figure but have limitations in accuracy. They use a computer algorithm and public data, not an on-site inspection by a qualified valuer. 

For a truly reliable valuation, we recommend contacting our team of certified property valuers. Our valuers combine proprietary models with local area expertise, historical data analysis and detailed on-site inspections to provide a precise, fair market valuation. Our highly customised reports consider the unique attributes of each property. 

Australian property prices are relatively high globally, with major cities like Sydney and Melbourne ranking among the most expensive housing markets worldwide. Limited land supply and strong population growth have increased prices over the decades.  

However, Australian prices are moderate compared to other countries with extremely high costs, like Hong Kong or Monaco. Prices vary widely between Australian cities and regions based on economic factors and desirability.

Our certified practising property valuers utilise a range of valuation methodologies to determine a property’s value, including the market, income, and cost approaches. 

We analyse comparable property sales, capitalisation rates, replacement costs, depreciation, and current market conditions. Location, property size, age, condition, amenities, zoning, and neighbourhood desirability are also key factors. Our valuers combine proprietary models, local market expertise, and on-site inspections to give clients a well-researched fair market value estimate.