16 Jun Property Valuation Sydney – Sellers Guide
Professional property valuation in Sydney 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 Sydney experts, are armed with strong local knowledge and ongoing training to ensure we are home to the best property valuers in Australia.
Sydney 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.
Sydney Property Overview
There’s never shortage of things to do in Sydney!
With pristine stretches of beach and a bustling CBD, Sydney has something for everyone.
Well known for its culture, food and artistic experience, Sydney’s hospitality, tourism and arts industries are cracked wide open with unbelievable opportunities for career growth.
The opportunity for growth trickle down into the property market. In 2021, Sydney finished the year as one of the strongest growing housing markets in the country with an average house price growth of 24+% according to property expert Michael Yardney.
This makes it a fantastic time to get your Sydney property valued to determine the correct value of the asset and understand its potential for growth.
Sydney 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 Sydney 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 Sydney 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!
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