SMSF Property Valuation in Sydney
Every Australian citizen has the right to manage their own superannuation. When you choose to manage your own super, it is called having a Self-Managed Superannuation Fund (SMSF). By having an SMSF you are in full control of your money’s investments within your fund. If you choose to invest in property you will need to have an SMSF property valuation.
An SMSF property valuation in NSW does not necessarily need to be done annually but it is highly recommended that you consider whether you should have one done. When investing in property, whether in part or as a whole, through an SMSF a valuation may be required if it takes up the majority of your SMSF’s investments.
When you are preparing your fund’s accounts, statements and SMSF Annual Return (SAR) you need to be able to provide the market value of your property. The best way to ensure the value is up to date and accurate is to have a current SMSF property valuation as part of your property valuation in NSW requirements. Evidence of this valuation will need to be available to your SMSF auditor as they must check all assets and property have been valued correctly.
Every property valuation for tax purposes must be completed by a certified independent valuer. They will be impartial, unbiased, and completely free from outside influence. In the case of SMSF valuations, the valuer cannot be a member of the SMSF, and they cannot be in any way related to a member of the SMSF.
A valuer will thoroughly inspect and examine the property before writing up their report. Through their examination, they will find every factor that influences your property’s value. These factors may include:
- The location of the property: the suburb/city it is located, its surroundings, the type of street it is in and proximity to local amenities
- Price the property was purchased at if it was recently acquired through an arm’s length sale
- General improvements, renovations, additions, or changes made to the property since its last valuation
- Market data of comparable properties currently listed or have been sold within the last 6 months
SMSF Property Valuation Sydney
As an independent valuer is required to perform all SMSF valuations, we at Valuations NSW fit the bill perfectly. We are Sydney’s leading independent valuation firm, with local valuers across NSW. We follow two guiding principles; honesty and integrity, and we apply these principles to our valuations. Every valuation report is a legally certified document that is true, transparent, and completely objective.
Valuers provided by Valuations NSW are each Certified Practising Valuers (CPVs) accredited by the Australian Property Institute (API) and many also hold AVI and RICS qualifications. With over 20 years of experience in conducting valuations, our team is highly qualified to tailor each report to our clients' specific needs. Their extensive expertise enables them to deliver comprehensive SMSF property valuations across all property types, including rural, residential, commercial, and industrial properties, ensuring reliable, compliant, and accurate assessments every time.
You can also explore our full range of property valuation services across NSW.
SMSF Property Valuation FAQs
What is an SMSF property valuation?
An SMSF property valuation is an independent assessment of a property’s market value held (or to be acquired) by a Self-Managed Superannuation Fund. It is used to support fund reporting, compliance requirements, and audit processes.
Do SMSFs need a property valuation every year?
Not always, but an SMSF must be able to support the market value used in its financial statements and annual return. Many trustees obtain an updated valuation when the property represents a significant portion of fund assets or when market conditions materially change.
Why does an SMSF auditor ask for a property valuation?
SMSF auditors need evidence that fund assets have been valued appropriately at market value. An independent valuation report provides documentation and rationale that supports the figure used in accounts and reporting.
Who can complete an SMSF property valuation?
An SMSF property valuation should be completed by an independent, suitably qualified valuer. The valuer must not have conflicts of interest and should not be related to, or influenced by, fund members.
What factors affect an SMSF property valuation?
Key factors include location, property condition and improvements, land and building attributes, zoning and constraints, and comparable sales evidence and market conditions relevant to the valuation date.
If you’d like to employ our services or would like to know more about our superannuation fund valuations, feel free to contact our staff. You can reach us in one of two easy ways, either fill out our contact form or call us on (02) 8599 9863. Our staff will be happy to help.