Melbourne Retrospective Property Valuations
At, Melbourne Property Valuer Metro we are dedicated to providing full-service valuations for our clients. In addition to providing our clients with current market value, we can also provide a retrospective property valuation. We can perform a retrospective property valuation Melbourne, for a variety of purposes and across all residential, commercial, and industrial property types.
While a current market valuation is necessary for pre-purchase/pre-sale advice, internal accounting, and taxation purposes. A retrospective property valuation determines a back-dated property value. This means that an accurate property value can be distinguished at a previous date (e.g., 1st January 2008).
Our clients reach out to us all the time seeking out a retrospective valuation for a variety of purposes. Retrospective dates are most often used in conjunction with property valuations for tax purposes. Many of our clients require a retrospective as part of our house valuation services, here are some of our most common requests for seeking out a retrospective valuation might include:
- Government Grant applications.
- Property Valuations for Capital Gains Tax.
- Deceased Estate/ Probate purposes for ‘Date of Death’.
- Family Law/Marriage Settlement.
- Litigation purposes.
Melbourne Property Valuer Metro has a specialised team of API qualified property valuers who are ready, willing and able to assist with all of your Retrospective Property Valuations needs. These property valuation reports will be used to determine the accurate value of the property at any previous date specified by the client. While most retrospective reports are used in conjunction with our house valuation services, any property can be valued to a previous date.
To complete a retrospective valuation report, our Senior Property Valuers will conduct research that is localised to a fixed point in time and will analyse the comparable sales, environmental conditions and infrastructure development from around this date. Our Senior Valuers will also look into other factors such as zoning restrictions, proximity to local amenities that existed from around the chosen date as specified.
Retrospective Property Valuation Services
We are considered one of the leading valuation firms in Melbourne and we strive to always provide top tier service to optimise client satisfaction with each retrospective valuation report. Our clients are our number one priority and we have worked hard over the years to become an established and trusted valuation firm that our clients are happy with. Our stellar reputation can be attributed to a number of factors:
- We have a clear, thorough and up to date understanding of the capital market in all areas and periods.
- We take the utmost care to ensure that we can offer the best services in an efficient timeframe without compromising on quality.
- We can also complete these property valuations after a property has been sold. In these cases, our property valuers Melbourne will go out to externally inspect the property.
- We include all details about the property in the reports including condition, size, location, zoning, market movement, and ancillary improvements.
- We are always happy to analyse data supplied by our clients should they wish to provide it.
We understand that in most cases, a retrospective property valuation is needed on a home that no longer exists or is occupied by someone else and access is not always possible. As with most retrospective property valuations, the house may have been knocked down, rebuilt, or sold. If this is the case, then our expert team can certainly help. Our team can cater for this by performing an external valuation without having to go inside the premises.
In addition to this, can also provide multiple dates with our retrospective property valuations to cater for your specific requirements. We can also provide a valuation report that stipulates both a current market value as well as a retrospective date.
In our experience, we find that clients require us to value their property for CGT purposes and this is one of our most common enquiries. A retrospective valuation for GST date will be provided as the date it became their investment property or the date the property became their primary place of residence. The former usually occurs after the client has been living in the subject property for a number of years and is classified as their primary place of residence. Alternatively, the latter usually occurs when the property was purchased as an investment and the client moves into the property following the exit of their tenant.
Of course, we understand that every situation is unique, we also get enquiries for Date of Death for probate or deceased estate purposes, marriage settlements and government grants. If you have any queries about your retrospective property valuation requirements, please do not hesitate to speak with one of our helpful staff members. As certified property valuers in Melbourne, we understand the ins and outs of your property and when it requires a valuation. We are happy to assist you with any enquiry.
To receive a free quote or to discuss any valuation services, please call us today on (03) 9021 2007 or fill out an online enquiry form and one of our representatives will respond as soon as possible. We pride ourselves on our service and stellar reputation for client satisfaction. We won’t be beaten on service or price!