If yours is not below, ask a real valuer and a valuer picks it up.
A valuer's signed opinion of what a property was worth on one nominated day, with the comparable sales and the reasoning set out beneath it. It describes the property as it stood on that day, which for something tenanted for years is frequently not how its owner remembers it.
An appraisal is a free selling estimate given while an agent is competing for a listing, and unsigned. A valuation is independent of any sale, effective as at a stated date, evidenced by settled sales, and signed by the valuer who reached the opinion.
In Victoria, 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.
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.
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).
No. It is unsigned, so there is no independent opinion in it and nothing a reviewer can act on. It is for deciding. On timing: a signed desktop report usually goes out the same day and an Automated Market Assessment the next business day.
It is effective as at its date rather than indefinitely. Where the organisation receiving it applies a currency period, that period governs, and your adviser will know which. Ordering close to when the figure is needed is generally simpler than ordering ahead.
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.
An advertised price is a marketing position, often a range set to attract interest. A valuation reports settled evidence, and it accounts for the condition the property is actually in, which for tenanted stock is where the two most often diverge.
Yes, at any point. We credit the $79 against the signed report whenever you upgrade.
No. A rates notice generally shows a land value, meaning the ground alone with nothing built on it, assessed for rating at a date the council set. A valuation covers the whole property at the date you need it. Different questions, and the answers rarely line up.