Rural

The State and Federal Governments have the power to compulsorily acquire land for public purposes such as public infrastructure, hospitals, roads, pipelines and transmission line easements. Valuers Australia provides independent specialist services and valuations for compulsory acquisition purposes. Our valuers have extensive experience and expert knowledge in the application of the NSW Land Acquisition (Just Terms Compensation) Act 1991 taking into account the market value of the land acquired and all other relevant matters such as the impact on remaining lands, special value, solatium or the non financial disadvantage of the person required to relocate their home, legal fees as well as other financial losses and special provisions.

Independent property valuations are sometimes required to determine the current market value of a property or assessments of compensation for Land and Environment Court matters, such as Valuation Appeals and Compensation Claims relating to Compulsory Acquisition. Valuers Australia can offer you the professional advice you need to assist in such matters.

Valuers Australia have had extensive experience in providing independent professional market value assessments of all forms of property, for financial reporting purposes. Valuations are undertaken in accordance with relevant Australian Accounting Standards.

When purchasing a property there are many seen and unseen factors that can affect its value, such as easements, caveats, proximity to main roads, infrastructure and services, quality of construction, aspect and outlook, the strength of the local market and broader economic conditions and influences. A fully independent pre-purchase valuation report gives you, the purchaser, invaluable information when making a major financial decision. Potentially and even more importantly, it provides you with written evidence to use as a powerful tool during the purchase negotiation process.

You don’t want to pay over current market value! Valuers Australia can potentially save you thousands of dollars by providing you with comprehensive information about the actual value of a property and by strengthening your position when negotiating the price of one of the most expensive investments you will make.

When you are considering selling a property it is a good idea to obtain a fully independent pre-sale valuation to find out the true current market value of your property before you see an agent. Agents frequently offer free property appraisals, however agents are not qualified to value property and agent’s appraisals can vary significantly.

A pre-sale valuation from Valuers Australia can help you set the best price for your property and avoid selling your property too cheap or setting the price too high, resulting in potentially costly extended selling periods.

Valuations are often required for transparency purposes and to maintain equity in property dealings between entities, public authorities and individual members of the public.

Sometimes when you sell a property that you purchased prior to July 2000 you are eligible to use the margin scheme for GST purposes and you may require a professionally prepared property valuation. Whilst GST matters are complicated and we recommend you seek advice from the Australian Taxation Office or a suitably qualified accountant, Valuers Australia are fully qualified to provide you with a valuation of your property for GST purposes.

The Office of State Revenue often requires an independent professional valuation that is prepared by a Certified Practicing Valuer for the transfer of property ownership between related parties or if the transfer is deemed ‘not at arm’s length’. It may also be a requirement when property is being transferred to a Self Managed Superannuation Fund or Trust to ascertain the correct figure with which to calculate the duty to be charged.

If you sell an investment property for more than its original purchase price, and it was purchased after 1985, the sale is subject to Capital Gains Tax and the laws administered by the Commissioner of Taxation require that the property’s market value be determined. Valuers Australia are fully qualified and certified to provide you with a Valuation for Capital Gains Tax for your property, current or retrospective.

For more detailed information relating to Capital Gains Tax Valuations please refer to the Australian Taxation Office https://www.ato.gov.au/General/Capital-gains-tax/In-detail/Calculating-a-capital-gain-or-loss/Market-valuation-for-tax-purposes/

Probate Valuations for deceased estates are used to determine fair market value of a property at a specific date. Valuers Australia can help executors and beneficiaries of deceased estates to administer the estate and minimise possible disputes between beneficiaries by conducting a probate valuation on the property.

Independent professional property valuations for family law matters are used to determine the current market value of a property and to minimise disputes which can arise between the parties involved. Whether it be a deceased estate, divorce or separation, buyout of family shares or the sale of a property owned by multiple related parties. Valuers Australia are fully qualified and independent professionals who understand the potentially sensitive nature of these situations.

When purchasing an investment property you not only need to ascertain the true value of the property you are buying but also the investment return you are likely to receive from your investment. At Valuers Australia we can provide you with a fully independent pre-purchase valuation report plus we can advise you the current market rental of the property giving you an invaluable tool when making this major financial decision and powerful written evidence to use during the negotiation process.