25 Aug Property Valuation Canberra
Professional property valuation in Canberra is the key to making informed investments in your personal future as well as your businesses future.
At Australian Valuers, we understand that property valuation can look different for everyone. That is why our team of Canberra experts, are armed with strong local knowledge and ongoing training to ensure we are home to the best property valuers in Australia.
Canberra Residential Property Valuation
By definition, property valuation is a process in which a highly qualified valuer visits your property and assesses its value. Lendi notes that valuers consider a variety of factors when conducting a valuation on your residential property, those include:
- Land and dwelling size
- Topography, aspect & layout
- Home features (e.g. pool, number of bedrooms)
- Building condition & structure
- Council zoning
- Heritage status
- Damage & faults
- Planning restrictions
- Caveats or encumbrances
- Ease of access to the property
All of these elements considered together as well as the expertise and local knowledge of the valuer, will work together to create the value of a property.
Canberra Property Overview
Canberra has been described as one of Australia’s ‘best kept secrets’.
While it is known for its ties to government, Canberra is so much more than that. According to the area’s official website, Canberra current boasts the:
- highest average income
- highest level of education
- strongest job growth
- lowest unemployment
Similar to the rest of Australia, property prices in Canberra are on the rise! Ray White notes that there has been a 12.2% increase in median house prices.
In the past Canberra has been considered to be a relatively affordable place to live but there is growth predicted in the ACT, with prices expected to rise 16.3%. This growth is in line with other capital cities like Sydney & Melbourne.
This will make Canberra one of the most affordable and fastest growing markets in Australia which makes it a great time for investors to look at purchasing new investment properties.
If you have an exisiting Canberra property, it is time to get it valued! Our Canberra property experts can determine the correct value of your asset and understand its potential for growth in the Canberra property market.
Canberra Commercial Property Valuation
While similar to the valuation of a residential property, commercial property valuation differs and the process of valuation can also differ. PropertyNow outlines the 5 different ways a Commercial Property can be valued. They are:
- Income Capitalisation (Cap) Rate
- Comparable Sales
- Hypothetical Development
- Replacement Cost
These methods typically take into account similar elements as the residential property valuation but also take into account things like a business’s net operating income and comparable commercial property sales. Our expert team of valuers will know which valuation method will best suit you and your business.
Why do I need a Canberra Property Valuation?
Property Valuation is used in a wide variety of circumstances.
Typical situations that our team often see are:
- Buying a property
- Calculating equity in a property
- Proving value in a deceased estate
- Dispute resolution
- Divorce settlement
- Deciding whether to rent or sell
In these situations and more, it is imperative that you employ a professional team of property valuers. This will ensure that you receive the most accurate information about your property and the right advice to make your next move.
Contact Australian Valuers
Our team would be more than happy to help you with your Canberra Property Valuation. We have a team of highly specialised professionals who have the experience to provide clients with reliable, independent property valuation advice. Our team is well versed in both residential and commercial property valuation. When you choose to use our team you’re choosing Australia’s best valuers. Contact our team today!