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Liverpool property valuation questions

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Acceptance & compliance

What is a property valuation?+

A valuer's signed opinion of what one property was worth on one nominated day, with the comparable sales and the reasoning set out beneath it. The word doing the work in that sentence is one: it is an opinion about a specific property at a specific address, not about the market it sits in.

What is the difference between a property valuation and an agent appraisal?+

An appraisal is what an agent offers free of charge while competing for a listing, and no one puts their name to it. A valuation is prepared independently of any sale, effective at a stated date, built from sales that have settled, and signed by the valuer who formed the view.

Who is qualified to prepare a property valuation?+

In New South Wales, a valuer with the professional qualification and standing to have their opinion relied on. Their name and credentials appear on the report, which is exactly what allows a third party to act on it.

Timing & process

Will the ATO and an SMSF auditor accept the report?+

Yes. A valuer independent of your fund prepares and signs it, SISR 8.02B is the standard it is written to, and the comparable sales are attached rather than summarised, so an auditor can follow the figure back to its evidence.

Who signs the report?+

The valuer who reached the opinion, named with their qualification. Not the model that gathered the evidence, and not anyone signing in their place. (from $550).

Is an Automated Market Assessment enough for tax purposes?+

No. It is unsigned, so nobody has formed an opinion an auditor, an accountant or a revenue office can act on. It is for deciding and comparing. On timing: a signed desktop report usually goes out the same day, and an Automated Market Assessment arrives the next business day.

How long is a property valuation valid for?+

It is effective as at its date rather than open-endedly. Where the organisation receiving it applies a currency period, that period is what counts, and your adviser will know which. Where a building around the property has changed in the meantime, the date on the report matters more than any general rule about how old a figure may be.

Pricing & orders

Are the prices really fixed?+

Yes. $169 for signed desktop reports, $79 for Automated Market Assessments. Inspection valuations start at $550, with the exact price confirmed at checkout before you pay, never after.

Why is the valuation different from the price a property is advertised at?+

An advertised price is a marketing position, often a range set to attract interest. A valuation reports settled evidence. In Liverpool the gap often comes down to which comparables were used: a campaign can point at sales from a better building a street away and say nothing about the one the property is actually in.

How long does a property valuation take?+

A signed desktop report is usually ready the same business day. An inspected report waits on access, and in Liverpool that can involve an occupant, a managing agent or a building manager, which is the step that sets the timeline. An Automated Market Assessment arrives the next business day.

Is market value the same as the value on my council rates notice?+

No. A rates notice generally carries a land value, the ground alone with nothing built on it, struck for rating at a date the council chose. Where the ground is shared between many owners, that figure has even less to say about any one of them. A valuation covers the whole property at the date you need it.

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