Is a letter from a real estate agent sufficient to demonstrate a property's market value for SMSF reporting?

Typically, an appraisal or letter from a real estate agent indicating the market value of a property may not meet ATO guidelines for SMSFs. A compliant report should detail the valuation methodology, include supporting data like comparable property prices, and specify the adopted figures for both the market and rental valuations. Ensure the provider is familiar with ATO guidelines and can produce a compliant report.