Property Valuation Canberra

A property valuation is a detailed report developed to ascertain a property’s market value at the date of inspection. It details key features such as property size, condition, other comparable sales and more. A property valuation is a legally binding report prepared by a Certified Practicing Valuer who has completed a university-level degree and relevant training, in addition to being accredited by the Australian Property Institute.

Arranging property valuations Canberra and ACT-wide is as easy as contacting our team to discuss your needs and property details. We’ll schedule an inspection at a time that suits you, ensuring all relevant information about the property is collected. Once the inspection is complete, our expert valuers analyse the data, including comparable sales and market trends, to prepare a detailed property valuation report. Alongside the report, we provide professional valuation advice tailored to your requirements, ensuring you receive a thorough understanding of your property's value.

A property valuation is undertaken by a Certified Practicing Valuer who has completed a university-level degree, in addition to being accredited by the Australian Property Institute.

A property valuation is used for numerous reasons including determining the value of a property pre-purchase or pre-sale. It is also used when applying for a mortgage to purchase a property or refinancing a loan, to ensure the security value of the property adequately covers the loan amount. A valuation may also be used in family and partnership settlements, insurance claims, or for financial reporting.

A property valuation requires a deep understanding of the local market dynamics, including the unique characteristics of the city’s property landscape. Our team offers property valuation Canberra clients trust, taking into account factors such as regional trends, zoning regulations, and community developments. 

Our Canberra-based team is deeply familiar with the region’s distinct local property market, from the inner-city suburbs to surrounding rural and commercial areas. Whether you're in Belconnen, Woden, or the inner south, our local knowledge ensures you receive a property valuation report that reflects current market trends, zoning regulations, and community growth specific to Canberra. With expert valuation advice tailored to the Canberra property market, we provide the insights needed for informed property decisions.

Market Value is defined by the International Valuation Standard Council as “the estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction, after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion”.

A property valuation is a report completed after a detailed inspection is undertaken on a property. A property valuation will take into account features including;

• Property overview, description of the property – number of rooms, size
• Comparable sales
• Condition of the property
• Risk ratings that identify any market or environmental risks
• Any issues uncovered during the inspection, research, or other searches conducted

A property valuation is required when a property is being purchased, sold, refinanced, transferred, or for financial reporting on property assets. Valuation for the purchase and sale of a property is used to ensure that the security value of a property adequately covers the amount being loaned.

The cost of a property valuation will vary depending on the property type, size, and valuation type. A standard residential property market value valuation report is likely to cost from $400 + GST.

A certified property valuation is a formal written report prepared by a qualified and registered property valuer detailing the property's market value at a specific date. A property valuation is a legally binding document supported with substantiative comparable sales and property market data. An appraisal, generally provided by a real estate agent, is an estimated value or an opinion of a property's current value as of a specific date.

Once your inspection has been booked, at a mutually convenient time for the valuer and yourself you should start to prepare for the valuation to occur. Before your property valuation, we recommend completing the following steps:

Clean, declutter, and repair
You only get one chance to make a first impression. A clean, well-presented house will show your property’s full potential. A valuer will take notes of everything visible, so those unfinished renovations would ideally be completed, and the house presented in its best condition to get the most out of your valuation.

Provide access
A valuer will need access to the whole property. Where possible, to speed up the valuation process the homeowner can open side and rear gates, garages, pool fences, and internal and entry doors. An essential part of the valuation inspection process is to measure the house. So, providing full access to the property makes the valuer's life a lot easier!

Take COVID precautions
At Acumentis we operate within COVID safety protocols. If you would like the valuer to wear a mask during the inspection, please don’t hesitate to ask when speaking with our friendly staff to confirm the inspection time. Also, opening doors, and windows and turning on any lights where rooms are dark will facilitate a contactless inspection.

Supply relevant documentation

• Floor plans: Before the inspection provide the valuer with a copy of the property’s council-approved floor plans.
• Title/Plan of subdivision: Email or give a hard copy of the title/plan of subdivision to the valuer.
• Relevant sales evidence: Make the valuer aware of relevant properties that have transacted in the immediate location (these need to be like-for-like properties, there is no point providing the valuer with the sale of a Victorian Terrace if the subject property is a modern apartment!).

Highlight the property’s special features
While the valuer is a property expert, there are certain features at a property that are not visible. Do you have an underground water tank? Solar panels on the roof? Underfloor heating? Point these things out to the valuer. Every detail counts.

Contain pets
Please put your pets in a safe place so they don’t escape or take a nibble at the valuer’s leg!

The time it takes to complete a physical property inspection will vary depending on the layout, size, and features of a property and the documentation that has been supplied. A residential property inspection is generally completed within 30 minutes, with commercial and agribusiness requiring longer timeframes. A valuation report is generally supplied within 5 working days of instruction and supply of all required documentation.