What is a property valuation?
A property valuation is an independent assessment of a property interest for a stated purpose and valuation date. The valuer considers the property, available market evidence and other relevant information before preparing a written report.
How is a property valuation different from a real estate appraisal?
A property valuation is a formal, evidence-based opinion prepared by a qualified valuer for a defined purpose. A sales appraisal is generally an estimate provided by a real estate agent to help market a property and may not be suitable for legal, taxation or compliance purposes.
What types of property can Valcorp value?
Valcorp values residential properties, vacant land, strata properties, commercial and retail properties, industrial properties, farms, rural land and lifestyle properties. Please discuss unusual or specialised properties with Valcorp when requesting a quote.
Why might I need a property valuation?
Property valuations are commonly required for buying or selling, taxation, stamp duty, capital gains tax, SMSF reporting, family law, probate and estates, litigation, rent reviews, insurance and financial reporting.
Can Valcorp provide retrospective valuations?
Yes. A retrospective valuation assesses a property as at an earlier date. These reports are often required for taxation, estate, family law or litigation matters. The availability and quality of historical evidence may affect the scope and timing of the report.
Does Valcorp operate nationwide?
Valcorp accepts property valuation enquiries across Australia. The property type, location, accessibility, timing and purpose of the report will be considered before the engagement is confirmed.
Can Valcorp arrange an urgent or same-day valuation?
Urgent and same-day valuation services may be available depending on the property, location, accessibility, information required and purpose of the report. Call Valcorp as early as possible to confirm availability.
This wording is safer than guaranteeing same-day service in every situation.
Does the property need to be inspected?
A property inspection is commonly required, but the appropriate approach depends on the property and intended use of the valuation report. Valcorp will confirm the inspection and information requirements when discussing the engagement.
What information should I provide?
Please provide the property address, reason for the valuation, required valuation date, deadline and your contact details. Relevant documents may include title details, leases, plans, rates notices, building information, tenancy schedules or instructions from your solicitor or accountant.
How long does a property valuation take?
The timeframe depends on the property type, location, accessibility, complexity, document availability and purpose of the report. Valcorp will confirm the expected turnaround after reviewing the requirements.
How much does a property valuation cost?
Valuation fees depend on the property, location, purpose, valuation date, complexity and urgency. Contact Valcorp for an obligation-free quote tailored to your requirements.
Can my solicitor or accountant instruct Valcorp?
Yes. Valcorp can accept instructions from solicitors, accountants, executors, trustees and other authorised advisers. The instructing party, intended users and purpose of the valuation should be confirmed before work begins.
Are Valcorp’s valuations independent?
Yes. Valcorp prepares property valuations with professional independence, based on the agreed scope, relevant property information and available market evidence.
Will my information remain confidential?
Valcorp handles enquiry and engagement information for the purpose of providing and administering its services, subject to applicable legal and professional obligations. Please refer to Valcorp’s Privacy Policy for further information.
