Professional Property Valuers in Sydney

A certified property valuation is a legal document that provides detailed information concerning the subject property to calculate its fair market value. A certified property valuation will include substantial quantitative data, pertaining to the internal and external factors, which will determine the market value of the property.

The procedure of calculating the value of a property is a detailed process. The certified valuer will investigate over 200 variables in order to accurately determine the property’s fair market value. As such, it’s essential to reach out to an industry professional to ensure complete accuracy and transparency.

A property valuation is essential in minimising investment risk, creating greater certainty, and will inform on any property related decision. As such, it is a legal document that provides the accurate and fair market value of any given subject property, and is required to truly understand the property and the equity it holds.

Independent property valuations are required for a variety of formal circumstances, including submissions to government agencies and the courts. As such, only a certified valuer holds the qualifications to perform an independent property valuation that adheres to various legislative requirements.

A property valuation will provide detailed information, including: the property’s condition, underlying land value, fixtures and features of the premises and council zoning restrictions. The report will also consider the location of the property and its proximity to various local recreational amenities, including: public transport and business districts.

When completing a property valuation, it requires a thorough investigation of over 200 variables to seek an accurate fair market value. A certified valuer will research and compile evidence, via property databases and an inspection, to look into the internal and external variables that will influence value.

A certified property valuer is an industry expert with the training and the qualifications to perform an accurate valuation service of any property. As such, a property valuer has the qualifications to provide an objective, professionally detailed valuation report free from bias and agenda.

Their industry expertise can also be useful for professional, independent and objective advice, which can help create assurance and minimise risk referring to a variety of property related decisions. As such, certified property valuers are experts in their local property markets and always provide their clients with fair, independent advice on any subject property.

In order to accurately calculate value in accordance with Australian Property Institute (API) standards, a property valuer will use these three methodologies:

• The Direct Comparison Approach: this methodology focuses on directly comparing the subject property to similar properties in the local property market. This is the most common approach used and will analyse over 200 variables.
• The Summation Approach: this is used solely by API certified property valuers and is used as an ancillary check method, using the replacement cost value of depreciated improvements. This will then be calculated against the underlying land value.
• The Capitalisation of Net Income: This is reserved for valuing commercial properties and uses the net rental income of the property and capitalise this at a rate of return taken from local comparable sales.

A property valuation is completed by an industry professional, who is certified and has extensive experience in valuing properties, to determine a fair market value without bias or agenda.

A real estate appraisal provides an estimation of value based on the educated opinion of a real estate agent. This is established on what the property is believed it can be sold for. Real estate appraisals cannot be used for any kind of legislative purpose and often hold the agenda of wanting to list the property.

An independent property valuation report is a legally certified document that only seeks to determine the fair market value of the property. As such, this will provide an accurate determination of value without any conflict of interest.

A bank valuer is contracted by a lender to perform a valuation on any subject property to ensure loan security. As such, a bank valuer will hold an existing bias with wanting to minimise the lenders risk and will tend to push towards a more conservative value.

A property valuer, on the other hand, has gone through extensive training in valuing real property, and holds the sole purpose of valuing any subject property at its fair market value. As such, a property valuer can provide a detailed valuation report, which is a certified document that reflects the property’s true value without any kind of conflict of interest and agenda.

Certified Independent valuations can only be completed and signed off by a Certified Practising Valuer (CPV), and an Australian Property Institute (API) member. This process involves completing tertiary education specialising in property, with two years additional industry practice via a traineeship, and a final interview.

Overall this process takes an average of six years to complete, as a result, a certified property valuer become one of the most highly regarded property valuers in Australia. An API accreditation means that each certified property valuer is duty bound to perform valuation services with the utmost fairness, professionalism, and transparency.