Property Valuation Melbourne: Professional property valuers in Melbourne
Melbourne Property Valuers Metro offers fast, accurate and convenient property valuation services. Do you need a property valuation? You have come to the right place as our property valuers service is industry leading, providing Melbourne property valuation advice for over three decades. With over 300 years of combined experience, the team at Melbourne Property Valuers Metro are dedicated to providing our clients with top quality service and professionally detailed valuation reports for a variety of purposes and property types. When it comes to property valuations, we are the leading experts in land, residential, commercial, development and industrial valuations. We can cater for all property types and purposes and have a team of highly qualified, Senior Property Valuers. We pride ourselves on providing quality reports efficiently to all clients. We have established a sterling record of quality service, with our expert Senior property Valuers being fully qualified, licensed and accredited by the Australian Property Institute (API).
Melbourne Property Valuers Metroprovides all manner of services to meet your valuation needs. Our extensive range of property valuation servicescater for all residential and land valuations; commercial and industrial; rental reviews and determination; compensation and acquisition; taxation; stamp duty; all mediation and family law purposes; and specialised areas of property valuations. We truly cover it all. Melbourne Property ValuersMetro is a long-established company with a sterling record of quality service over 300 years of experience with each Valuer having at least 20 years experience in the industry.
No matter your property valuation requirements, Melbourne Property Valuers Metro are dedicated to providing premium service and expert advice. Completing a professional valuation is an extensive process and requires an expert in the property industry.
Frequently asked questions about the property valuation process
What is a property valuation?
A property valuation is a detailed legal document provided by an independent, certified valuer that determines a property’s fair market value. A property valuation can either be made at its current market value or at a retrospective date and is used for a wide variety of purposes.
Determining a property’s value is a complex and extensive process and takes into account over 200 factors to reach an accurate figure. This is why it’s important to seek out the services of an experienced, certified valuer who can provide you with a property valuation report that is based on the specific subject property.
When is a property valuation needed?
A certified property valuation report is required for any kind of legal procedure, government compliance, financial reporting or any other private matter in relation to the subject property.
A property valuation is necessary for the purchase/sale process, tax compliance and assisting in the calculation of tax liability. It can also be used in any kind of litigation proceedings, seeking compensation and for land tax objection.
Some of these areas of property are specialised and require an independent valuer to complete extensive due diligence to ensure it meets the legislative requirements of any governing body. As such, a property valuation will provide a comprehensive, transparent report based on objective data without any conflict of interest.
What qualifications do property valuers need to conduct certified valuations?
Certified valuations can only be conducted by a Certified Practising Valuer (CPV) and a member of the Australian Property Institute (API). In order to be qualified to conduct a certified valuation, property valuers must complete tertiary education, a two year traineeship and finally a professional interview. It will take a CPV approximately 6 years training before they can complete certified valuations.
An API accredited property valuer has an all-encompassing proficiency within the property industry and are considered the most highly regarded independent property valuers in Australia.
At Melbourne Property Valuers Metro, our team of senior property valuers are all Certified Practicing Valuers to provide premium valuation services to all clients.
What is the difference between real estate appraisals and property valuations?
While real estate appraisals offer an insight into the local property market, a property valuation provides a legal, unbiased report that is completed by an independent valuer.
Real estate appraisals are provided by real estate agents that have conflict of interest. That is, they either want the listing (over quote) or sell the property to an acquaintance (under quote), and as horrible as the latter sounds, we have seen it occur many times.
On the other hand, a certified property valuation provides an independent accurate value of the property with no conflict of interest at all. A certified property valuation will include a unique, comprehensive analysis on your property and can be used for pre-sale/pre-purchase advice purposes.
How does a property valuer determine value?
There are three main methodologies that our property valuers at Melbourne Property Valuers Metro will use to perform a valuation depending on the type of property. These are:
- The Direct Comparison Approach
- The Summation Approach
- The Capitalisation of Net Income Approach
The Direct Comparison Approach will compare the subject property to similar properties in the local market. The property valuer will analyse over 200 different variables between the subject property and the evidence.
The Summation Approach is used as a secondary check methodology used exclusively by API certified property valuers. This method will calculate the replacement cost value of any improvements made to the subject property and depreciating this value by its age. The fair market value will then be calculated by adding the subject property’s underlying land value to the depreciated improvements value.
The Capitalisation of Net Income Approach is reserved for commercial properties and can be used in addition to the direct comparison and summation approaches. The property valuer will use the net rental income of the subject property and capitalise this at a rate of returned sourced from comparable sales to calculate is fair market value.
What is the difference between a long form and a short form property valuation report?
An independent, certified property valuation is an inclusive report of the subject property and provides a comprehensive examination of a number of variables that contribute to its value. Depending on your property valuation requirements and the property type, there are two kinds of reports you can receive:
- Short Form
- Long Form
A short form property valuation report will include a comprehensive analysis of the property and include several detailed sections in relation to the subject property, any environmental factors and market volatility. It also includes a comparative analysis of local sales in the area. This report can be used in most cases, however, cannot be used for court.
A long form property valuation report is reserved for commercial properties, family law and litigation requirements and can adhere to judicial standards, including the necessary statutory statements that the courts require. A long form property valuation report will include an extensive market analysis, a detailed account of the subject property, and at least 5 – 7 comparative sales.
No matter what type of report you require, you will receive a property valuation that is researched and compiled evidence to ensure you receive a professionally detailed report. All members of our expert team of Valuers are Certified Practising Valuers (CPV) and members of the Australian Property Institute (API). We provide our clients with advice and expertise on a diverse range of property transactions for a variety of purposes.
A property valuation company you can trust and which listens to you!
Providing property valuation advice since 1997, Melbourne Property Valuers Metro are an independent valuation firm based in the Melbourne CBD. Our team of expert valuers are local to the Melbourne CBD area and the greater Melbourne area with ongoing experience in all property types throughout the Victoria region. Our firm provides valuation services for a range of clients, including private individuals to ASX listed companies throughout the Melbourne metropolitan area. We cater for all property types extending into rural areas, if we cannot access the property, our specialised team can still perform a professionally detailed valuation for our clients. We have access to the leading resources to ensure that we can cater for all our clients needs. The hallmarks of our service are professionalism, efficiency, and integrity and we proudly use these qualities as benchmarks for our work.
Regardless of what your requirements may be, our team of experienced property professionals can not only meet expectations but often exceed them. When it comes to property valuers Melbourne, the city has more than its fair share and you may be left wondering which company to employ for your specific needs. Rest assured that whether you require a property valuer for a residential or commercial property, Melbourne Property Valuers Metro is available and at your service. We only contract Senior Property Valuers with a minimum of 15 years experience to ensure that our clients are receiving the best service at a competitive price.
Contact us today to discuss your Property Valuation requirements
Behind our team of expert property valuers are our friendly, knowledgeable and proactive office staff to help you with any enquiry. Our office team are also fully equipped to assist you with any questions or concerns you may have when it comes to property valuation reports, booking queries or strategy advice. Our team are regularly trained to be able to handle any query and are available to assist throughout the entire booking process. Have a look around our website and feel free to contact us to view or discuss our extensive ranges of purposes and services. No matter how complex your Melbourne property valuation concerns or queries are, we will ensure you are provided with excellent service at a cost-effective price.
All members of our expert team of Valuers are Certified Practising Valuers (CPV) and members of the Australian Property Institute (API). We provide our clients with advice and expertise on a diverse range of property transactions for a multitude of purposes. For more information, please refer to Property Services in the menu bar.
We pride ourselves on great service and advice and look forward to assisting you with your requirements. You can talk to any member of our staff by dialling (03) 9021 2007 and they will be happy to assist you with any enquiry you may have.
Alternatively, you may refer to the menu bar on this website for further information or send us an email. For an INSTANT QUOTE, please fill out your details in the Contact Us section above and one of our staff members will get back to you immediately with a detailed quote tailored to your specific requirements. We pride ourselves on our quality product, excellence in service and efficient turnaround times.
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Why Choose Us?
Accurate, specialised, quality service provided by experienced and qualified valuers.
Thank you to the team! I have received multiple valuations in the past and once again my valuation was completed to a high standard with a very fast turnaround. Each valuer I have dealt with is experienced and professional. I would recommend you to everyone!
Mandy Stephens – Jun 2021
Melbourne Property Owner
Our Valuations are compliant with
I required a report completed at short notice and was pleasantly surprised to find that they could send out a valuer immediately. The inspection itself was relatively straight forward, with the report taking one business day to complete. I was very impressed with the professionalism of the valuer that attended and accuracy of the report. I highly recommend this company to family and friends.
Fantastic service by the team. I instructed them to carry out a retrospective report for taxation purposes and was pleasantly surprised with the report received. I ended saving a fortune in tax that I would have had to pay without their help. Thanks to the team for their hard work. Will recommend your firm to family, friends and colleagues.
Based in the CBD, I ordered a report in Melbourne for family law court purposes. The senior valuer that attended was extremely knowledgeable about the local area. I subsequently found out that the company only employs API qualified property valuers with at least 15 years’ experience. The report was well written and accurate. A huge thank you to the team.
I needed a valuation to gain an insight into the fair market value of my home to help inform my next financial decision. I was so happy with my report it gave me a comprehensive outline of my property value and condition of the local market. Thank you!
I needed a valuation for SMSF purposes, the team gave me a detailed report to ensure tax compliance with the ATO. Thanks so much!
I reached out to the team for a valuation before selling my home, they were so efficient, and my report was back to me after two business days!
After buying my first home, I was recommended this company to help with my stamp duty calculation. The report gave me a detailed insight into my local property market. Thanks so much for the informative advice!
I required a valuation in regards to legal proceedings. The team were efficient and made sure that all the necessary due diligence was undertaken to ensure an accurate market value. Very appreciative of all the hard work!
I have utilised various services offered by this company, and I could not recommend them enough. They’ve never let me down!
The team here were efficient, informative, and always happy to help throughout the entire booking process. Thank you for taking the time to answer all my questions!
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