If yours is not below, ask a real valuer and a valuer picks it up.
A valuer's signed opinion of what a property was worth on one nominated day, with the comparable sales it rests on and the reasoning laid out underneath. It speaks about a particular property rather than about a street or a suburb, and in Bankstown, where two homes on the same block can be built for very different numbers of people, that distinction is the whole value of the document.
An appraisal is a free estimate offered while an agent is still competing for the listing, and nobody puts a name to it. A valuation is prepared independently of any sale, holds as at a stated date, cites the settled sales it relies on, and carries the signature of the valuer who reached it.
In New South Wales, a valuer with the professional qualification and standing to have their opinion relied on. Their name and credentials appear on the report, which is exactly what allows a third party to act on it.
Yes. A valuer independent of your fund prepares and signs it, SISR 8.02B is the standard it is written to, and the comparable sales are attached rather than summarised, so an auditor can follow the figure back to its evidence.
The valuer who reached the opinion, named with their qualification. Not the model that gathered the evidence, and not anyone signing in their place..
No. Nothing in it is signed, so there is no independent opinion for an auditor, an accountant or a revenue office to rely on. Its job is to help you decide. On timing, since the two questions usually arrive together: a signed desktop report normally goes out the same day, and an Automated Market Assessment lands the next business day.
As at its effective date, rather than indefinitely. Some organisations apply their own currency period to a valuation they receive, and where they do, that period is what counts. Your accountant or solicitor will know which applies, and ordering close to the time the figure is needed usually saves the question being asked at all.
Yes. $169 for signed desktop reports, $79 for Automated Market Assessments.
An advertised price is a marketing position, often a range set to attract interest. A valuation reports settled evidence. In Bankstown the gap widens because a campaign can point at nearby sales of properties that are simply not the same size as the one being sold.
A signed desktop report usually goes out the same business day. An inspected report waits on access being arranged, and a larger home takes longer to walk through than a small one. An Automated Market Assessment arrives the next business day.
No. A rates notice generally carries a land value, meaning the ground on its own with nothing built on it, struck for rating at a date the council chose. A valuation covers the whole property at the date your obligation falls. Two different questions, and the answers rarely line up.