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Valuation News

In-depth look at the major factors influencing property valuations in the Australian real estate market
Valuation News

The Factors Influencing Property Valuation

In the complex world of real estate, understanding what drives property valuations is essential. Several key factors play a role in determining the value of a property. This article explores these elements, providing insights into what affects property valuations in Australia. Location: The Primary Factor The adage ‘location, location, location’ holds true in property valuation. Location is perhaps the most significant factor impacting property value. Elements of Location Influencing Value Proximity to Amenities: Close access to schools, shopping centres, public

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Melbourne skyline showing cultural vibrancy affecting property valuation
Valuation News

The Impact of Location on Property Valuation: A Comparative Analysis Between Melbourne and Sydney

When it comes to property valuation, the significance of location cannot be overstated. In this article, we dissect how location influences property value, especially in Australian hotspots like Melbourne and Sydney. Defining the Role of Location in Property Valuation Location is often considered the most crucial factor affecting a property’s market value. It impacts everything from demand to amenities and future growth prospects. Key Factors of Location Influence Proximity to Amenities School Districts Crime Rates Public Transport How Melbourne’s Location

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property valuation for tax purposes.
Valuation News

Valuations for Tax Purposes: Capital Gains, Inheritance, and More

The Importance of Accurate Valuations in Taxation Taxation is an intricate part of financial management, with property playing a pivotal role in many tax calculations. From capital gains to inheritance, the value attributed to a property can significantly affect the tax implications for an individual or entity. In regions like Melbourne, with its dynamic real estate market, obtaining a precise property valuation becomes even more critical. Capital Gains Tax and Property Valuation Capital Gains Tax (CGT) is levied on the

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A house with a sold sign in front and an unhappy owner looking at appraisal documents.
Valuation News

Protesting a Property Valuation

If you believe the valuation of your property is inaccurate, you have the right to contest it. Here are the key steps for disputing a property valuation: Review the Valuation Report Carefully review the property valuation report provided by the valuer or assessor’s office. Make note of any information you believe is inaccurate or missing. This may include: Square footage Number of bedrooms/bathrooms Property condition Comparable property sales Valuation approach and methodology Having a clear understanding of how the valuation

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A home appraisal report document opened up showing analysis of comparable sales and value reconciliation.
Valuation News

How To Read An Appraisal Report

When you receive a home appraisal report, it contains valuable information about how your property’s value was determined. Learning to interpret the key elements will help you understand the appraisal process. Overview of Approaches to Value Appraisals estimate value using three approaches: Sales Comparison Approach: Compares your home to recent sales of similar properties. This is given the most weight in valuing single-family homes. Cost Approach: Calculates current construction cost to replace your home, minus depreciation. This approach has limited

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A person looking at a property valuation report and writing down questions to ask the valuer.
Valuation News

10 Questions to Ask Your Property Valuer

When you receive a property valuation report, you may have some lingering questions. Here are 10 important questions to consider asking your valuer and the reasons for asking: 1. What valuation approaches did you use? It’s helpful to understand whether the sales comparison, cost, or income approaches were utilised to value your property. This provides insight into how the final estimate was determined. 2. How did you select the comparable properties? Learning more about the specific comparable sales used and

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