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A formal written opinion of what a property is worth on a given date, prepared and signed by a certified valuer. It sets out the property, the date, the comparable sales and the approach taken, so the reasoning can be followed step by step.
An appraisal is an agent's free selling estimate. A property valuation is a certified valuer's formal opinion of market value at a set date, evidenced by comparable sales and signed. Where a report has to satisfy the ATO or an auditor, it is the second one that does the work.
A valuer holds a tertiary property qualification and professional accreditation, most commonly Certified Practising Valuer status with the Australian Property Institute, with demonstrated experience in the kind of property being valued. The valuer who signs your report meets that standard for Victoria.
Yes. A certified valuer independent of the trustees prepares and signs it, and the comparable sales are attached so the auditor can follow the reasoning.
A certified valuer, named on the report with their qualification. Evidence is gathered before they open the file, but the opinion and the signature are theirs..
No. It is unsigned, so it has no independent standing. Useful while you are deciding, wrong for anything that has to be accepted by somebody else. Timing barely separates them. A signed desktop report usually goes the same day and an Automated Market Assessment the next business day.
It speaks as at the date it was prepared for, not forever. Markets move and the figure ages with them. Where a body sets its own limit on how recent a valuation must be, that limit is the one that counts.
Yes. $169 for signed desktop reports, $79 for Automated Market Assessments.
An advertised price is a marketing figure and can be set high or low deliberately. A valuation is anchored to settled sales. The difference between the two is often the most useful thing on the page.
A signed desktop report is usually ready the same business day. An inspected report waits on access being arranged with whoever holds the keys. An Automated Market Assessment arrives the next business day.
No. A Victorian rates notice carries more than one figure, including a site value and a capital improved value, each assessed for rating at its own date. None of them is a valuation of your property at the date you actually need.