Every Australian love to talk about the property market, particularly the price, but what about the property’s value? Value and price are different. The price and value can differ substantially depending on a variety of factors. These factors are:
The time on market;The property’s zoning restrictions;The area’s economic growth factors;Rental vacancy rates:Whether or not the suburb is subject to gentrification and population growth;Supply for comparable properties in the suburb;Population growth;Interest rates;Negative gearing and capital gains tax;The suburb’s historical performance;International interest in the suburb.
People generally get a property valuation before purchasing a property so they know what they’re paying is a reasonable price and that they’re not paying more than what the property’s worth. When organising property finance, lenders want to minimise their risk so they require a valuation so that they can be assured they can recover the money lent if the property had to urgently be sold.
A property valuation can also help you plan various aspects of your financial future including:
Estate planning;Retirement planning;Litigation;Capital gains tax;Insurance purposes.
You would also need to get your property valued regularly if it is held in a trust or company. When the property is later sold you will need to get another property valuation especially if the transaction occurred between related parties.
Our property Valuers provide a broad spectrum of property services including, but not limited to:
Pre-purchase or pre-sale advice;Property settlement negotiation;Estate matters such as Probate tax;Stamp duty, capital gains tax valuations;Rent reviews/Rental determinations;Compulsory acquisition.
We pride ourselves on our responsiveness and always strive to inspect your property within 48 hours of your initial enquiry. Our professional property Valuers will then send your completed property report to you within 3-5 business days of inspecting your property.
To set up an inspection time give our friendly staff a call on (03) 6169 2559.