Retrospective Property Valuation in Sydney
Valuations NSW is the company to call when you need a retrospective valuation in Sydney or a property valuation in NSW. We are the leading independent valuation firm in the Sydney Metro area and throughout all of NSW. We have property valuers in NSW who specialise in all property including residential, rural, commercial, and industrial.
A retrospective valuation is a back-dated report of your property’s value at a specific past date. This may be needed for a variety of reasons so it is important to have an experienced valuer who can customise and format their report to suit your needs. The forms available for any retrospective valuation include:
- Capital Gains Tax Valuation: CGT forms a part of your income tax in the year that you sell a property and have gained a profit. The valuation of this property will determine its market value on the day you originally acquired it so that you can calculate any capital gains or losses.
- Compensation Valuation: If an event outside of your control negatively impacts the value of your property, then you may be entitled to compensation. To ensure you are paid a correct and fair amount, a valuer finds the value of your property before its devaluation and its current value.
- Deceased Estate Valuation: A retrospective property valuation is required to prove the value of the estate at the deceased’s Date of Death (DOD). This allows the executor of the Will to divide assets and property fairly and correctly in accordance with the Will. The valuation is just as important if the deceased dies intestate.
- Valuation for Property Settlements: Retrospective property valuations may be required if the settlement process has started long after the separation. A current market report would not be accurate or fair to either party especially if the value of the property has changed a greatly.
Retrospective Valuations are our Speciality
Our valuation firm has local valuers across NSW. From Wollongong to Newcastle, Liverpool to the eastern suburbs, no matter where you are in NSW, if you need a retrospective valuation of your property, we can connect you with an experienced valuer in your area.
The valuers of Valuations NSW are all Certified Practising Valuers (CPVs) and have been performing real estate valuations for over 20 years. We not only have the most experienced valuers in NSW but the most professional. Our team have all been fully accredited by the Australian Property Institute (API) and are registered with the Royal Institution of Chartered Surveyors (RICS). These qualifications allow us to guarantee our clients receive efficient service of outstanding quality.
Retrospective Property Valuation FAQs
What is a retrospective property valuation?
A retrospective property valuation is a back-dated valuation report that assesses a property’s market value at a specific date in the past. It is commonly required for taxation, deceased estates, legal matters, and settlements.
When do I need a retrospective valuation in NSW?
Retrospective valuations are often needed for capital gains tax, deceased estate (date of death) matters, family law and settlements, compensation scenarios, and any situation where the value at a past date must be supported by a formal valuation report.
What information do you need for a retrospective property valuation?
Typically you’ll need the property address, the effective valuation date, property details (bedrooms, improvements, land size if known), and any relevant documents such as contracts, plans, or historical details. A valuer will also research comparable sales and market evidence from the relevant period.
Is a retrospective valuation accepted by the ATO and courts?
A properly prepared valuation by a qualified valuer is commonly used for ATO-related matters and legal proceedings. Acceptance depends on the use case and requirements, but a formal valuation report is the standard evidence when a past market value must be supported.
How long does a retrospective valuation take?
Timeframes vary based on property type, complexity, and availability of historical evidence. In many cases, retrospective valuations can be completed within standard valuation timeframes, but unique properties or older valuation dates may require additional research.
If you would like to know more about our retrospective property valuation service, feel free to ask our staff. Our knowledgeable team can answer any questions and can provide you with a free instant quote. Reach us through our online contact form or call us at (02) 8599 9863.