QBCC Valuers
QBCC Valuers by Asset Valuations Group delivers meticulous assessments tailored to Queensland’s building industry standards. Trust our expertise for accurate valuations, guiding informed decisions on your construction projects.
Who are the QBCC?
Understanding the Role of QBCC Valuers in Queensland’s Building Industry
The Queensland Building and Construction Commission (QBCC) plays a vital role in regulating the state’s construction sector. As the governing authority, the QBCC ensures industry standards are upheld, providing oversight, advice, and remedies for defective building work. Among its many responsibilities, the QBCC also supports valuation professionals involved in the assessment of construction quality and compliance—commonly referred to as QBCC valuers.
During the COVID-19 pandemic, Queensland’s building and construction industry experienced significant growth, largely due to government stimulus measures, homebuilding grants, and increased demand for new residential developments. This surge in activity brought new challenges, including a rise in construction disputes and the need for accurate, regulated valuations.
With more than four million residents, Queensland has one of the most active construction sectors in the country. Remarkably, over ten percent of the population is employed within the building industry. The need for clear regulation, supported by professionals like QBCC valuers, has never been more important—especially given the industry’s volatile nature.
The recent boom in new land and home builds has made the work of QBCC valuers even more essential. These professionals ensure that properties meet required standards and that valuation reports reflect both compliance and market conditions. They also play a role in resolving disputes over defective work and are sometimes called upon in legal or financial proceedings.
While many industries struggled through the pandemic, construction in Queensland not only remained resilient but flourished. This growth brought both opportunities and risks, reinforcing the importance of regulatory oversight and valuation services that meet the standards set by the QBCC.
In a dynamic industry like construction, accurate and fair valuations are key to maintaining transparency, trust, and financial stability. QBCC valuers play a critical role in supporting this objective, ensuring Queensland’s building standards continue to protect homeowners, developers, and the broader community.
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Why Do I Need a QBCC Valuer?
Equally, QBCC Valuers are required to under take valuations of property, plant and equipment. Similarly, these valuations help determine the actual Market Value of those assets when when calculating the following:
- The Maximum Revenue (MR) and;
- The Net Tangible Assets (NTA).
Also, if you would like access to our online calculator to determine this, please click this link. Although the calculator can be found on the QBCC website, we made our own.
Equally, the Calculator determines your maximum revenue. Furthermore, this is based on your known net tangible assets. Likewise, it also helps determine the value of the net tangible assets you are required to have to cover the known revenue. In addition, your accountant will base your Net Tangible Assets on the book value on a Balance Sheet. Although market changes, depreciation and other factors, most of the time this book value is incorrect. Also, this is why it is important to see an independent valuer to determine the value of your business assets. Despite the values on the balance sheet being correct, Market Value differs from book value. Nevertheless, that is why it is important to have an independent valuer.
Conversely, there may be assets you have that may not be listed on your balance sheet. Moreover, if this is the case, you or your accountant can engage an independent valuer to ascertain the value of those assets. Furthermore, these all work hand in hand in determining both your Maximum Revenue and your Net Tangible Assets. Likewise, we are here to help!
Why Choose Asset Valuations Group
As a result, we have provided all valuations required for the QBCC in regard to the value of assets for the purpose of MR and NTA. Moreover, our valuers are all registered through the Australian Valuers Institute. Equally, we can either provide a sight seen or a desktop valuation for QBCC Valuations. Furthermore, our QBCC Valuers comply with the international valuation standards. Uniquely, the IVS sets the standards for valuers around the world.
In addition, if you require a valuation for QBCC, contact us here! Otherwise, you can call us on 0422 026 728.
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