PROPERTY VALUATION SERVICES
VIC | QLD | WA
What is a property Valuer?
Our official name in Australia is Certified Practising Valuer or CPV, not the UBER! The most common pathway to a career as a Property Valuer is completing a tertiary qualification related to property offered by some select universities Australia-wide.
We are trained professionals responsible for assessing and determining the market value of a property, real estate asset, plant, and machinery. We are known for being unbiased, so we are preferred by institutions such as the Australian Tax Office, Legal System, and Financial System.
Property Valuers play an essential role in the property market, yet our services are often overlooked. It is essential to understand the many reasons why one might require the assistance of a valuer. Whether you are a homeowner seeking to refinance, a property investor needing to determine tax obligations, or require a valuation for insurance or matrimonial purposes, a valuer can provide valuable insights.
By better understanding the role of a valuer, individuals can make informed decisions and ensure they are getting the most out of their property investments.
Key Attributes of a Certified Practising Valuer, or Property Valuer:
Education & Training
Valuers provide an important service in determining the fair market value of a property for property transactions. They consider factors like location, size, condition, and market trends to provide an accurate and unbiased estimate. Their services are crucial in ensuring fair and successful property transactions. A comprehensive guide on accredited courses is provided here by the Australian Property Institute (API).
Industry Experience:
In addition to academic qualifications, obtaining certification as a property valuer usually involves fulfilling a requisite level of practical experience. This means that Certified Property Valuers have garnered years of valuable hands-on experience, having assessed a diverse range of properties across different market conditions. As a result, they possess a wealth of knowledge and expertise that can prove invaluable to their clients.
Ethical Standards:
Arguably, it is the most important of the key attributes. Unfortunately, like any other industry, there will always be a few cowboys hanging around. Upholding the highest ethical standards is a hallmark of a Certified Property Valuer. Adherence to a strict code of conduct ensures objectivity, impartiality, and integrity in our valuation practices.
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The API offers a comprehensive list of ethics and rules of conduct a good valuer must abide by.
Continuous Professional Development (CPD):
Property Valuers are required to pursue ongoing professional development to maintain their certification, 20 CPD points per year. This ongoing commitment to learning and staying up-to-date with industry trends and evolving methodologies ensures we remain competent and capable of delivering the highest level of service to our clients.
Roles & Responsibilities:
Property Transactions:
Certified Property Valuers play a crucial role in the property market by providing accurate and unbiased market valuations for individuals and organisations who are looking to buy or sell property.
With our extensive knowledge and expertise, we can objectively assess a property's market value based on current or retrospective market conditions, local regulations, and other relevant factors.
Legal Proceedings:
Often caught in a tug of war, Property Valuers are often called upon to provide expert testimony in legal cases involving property valuation, such as divorce settlements or disputes. With their deep understanding of the real estate market and valuation methodologies, they can offer objective and unbiased opinions that are grounded in industry best practices.
This valuable insight can help parties involved in legal proceedings make informed decisions that are based on accurate and reliable information.
Taxation Planning & Obligations:
Our valuations are often used for property tax assessments, estate planning, and other accounting. purposes. Our expertise in property valuation allows us to accurately assess the value of real estate assets and provide valuable insights that assist in making important and informed financial decisions.
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By providing reliable and objective valuations, Property Valuers play an essential role in helping individuals and organisations make informed decisions on their property portfolios.
Insurance Purposes:
Property valuers play a crucial role in assessing the replacement cost or insurable value of properties, a vital aspect for securing comprehensive insurance coverage for your homes and buildings. Through thorough assessment and analysis, we determine the estimated cost to replace a property in the event of damage or total loss, ensuring that insurance policies accurately reflect the property's true value.
An accurate insurance assessment protects property owners against unforeseen risks and enables insurance providers to offer tailored coverage that aligns with the property's actual worth, facilitating a more transparent and secure insurance policy.