12 May Property Valuation Melbourne
Professional property valuation in Melbourne 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 Melbourne experts, are armed with strong local knowledge and ongoing training to ensure we are home to the best property valuers in Australia.
Melbourne 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:
- Location
- 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.
Melbourne Property Overview
Melbourne is the capital city of Victoria and has been crowned the ‘most liveable city in the world’!
It is home to Australia’s most vibrant arts, culture and cuisines. It really is the whole package with access to stunning beaches while experiencing inner city living.
With easily over 1000 properties for sale each month, the most liveable city is highly sought after.
Smart Property Investment identifies that the Melbourne property market is perfect for both the first home buyer or the seasoned investor. Often, there are no homes actually available for purchase only apartments or condominium units. This means the price point is typically lower making it easier for a first home buyer or potential investor.
Melbourne 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
- Summation/Cost
- 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 Melbourne 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 Melbourne 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!
No Comments