Obtaining a property valuation in Australia is a valuable process that ensures clarity and confidence for homeowners, buyers, lenders, and investors. The first step is to reach out to a certified property valuer, an accredited professional with expertise in local market trends and valuation methodologies.
You will typically provide basic details about the property, such as the address, property type, and any improvements or renovations made. Once booked, the valuer schedules an inspection, where they closely assess the size, layout, number of bedrooms and bathrooms, fixtures, fittings, and overall condition of the dwelling. The external environment, land size, aspect, topography, and local zoning restrictions are also considered.
Following inspection, a thorough market analysis takes place, comparing recent sales of similar properties in your suburb and assessing planning permits, occupancy details, and relevant historic data. Adjustments are made for unique features and upgrades. Valuers use established approaches, typically direct comparison for residential properties, or more financial and planning models for commercial assets.
The result is a comprehensive written valuation report, delivered within a few days to a few weeks, which provides the property’s estimated market value and can be used for loan approvals, settlement, taxation, or sale negotiations. Fees for property valuations generally range from $600 to over $1,500 for residential properties, depending on complexity and location.