A property is often the most valuable asset you’ll own. Whether you’re preparing to sell, dealing with legal proceedings, or planning for retirement, understanding what your property is truly worth can make a world of difference. This is where property valuation comes into play.
In this article, we’ll break down what a property valuation is, when you need one, how it’s done, and what impacts the final figure. By the end, you’ll know exactly how a valuation supports confident, strategic decision-making.
What Is a Property Valuation?
A property valuation is a formal, written assessment of a property’s market value at a specific point in time. It’s completed by a Certified Practising Valuer (CPV), who is accredited by the Australian Property Institute (API).
These reports are:
- Independent and unbiased
- Backed by comparable sales, local data, and valuation methodology
- Legally compliant and accepted by banks, the courts, and the ATO
- Used for a range of financial, legal, and planning purposes
Unlike a real estate appraisal (which is often free and sales-driven), a property valuation is detailed, documented, and regulated.
When Might You Need a Property Valuation?
There are many reasons to commission a valuation:
Selling or Buying a Property
Ensure you’re setting or accepting a price that reflects current market conditions.
Mortgage Applications and Refinancing
Banks require an independent valuation to determine loan-to-value ratios.
Divorce or Deceased Estate Settlements
Legal proceedings require objective assessments to divide assets fairly.
Capital Gains Tax (CGT) or Stamp Duty
Accurate valuations help you stay compliant with tax obligations when transferring or selling property.
SMSF or Trust Reporting
Property held within a self-managed super fund must be valued regularly for audit purposes.
Insurance or Development Feasibility
Ensure appropriate coverage or planning is based on true current or potential value.
What’s Included in a Property Valuation Report?
Each report is tailored to the valuation purpose, but generally includes:
- Property description and photos
- Title information and land zoning
- Market overview of the area
- Recent comparable sales
- Methodology used (direct comparison, summation, etc.)
- Final assessed value
- Disclaimers and legal statements
The report is legally binding and holds weight with solicitors, lenders, and government authorities.
What Kinds of Properties Can Be Valued?
Property valuers can assess all types of real estate, including:
- Residential homes and apartments
- Commercial and industrial buildings
- Vacant land and development sites
- Investment or rental properties
- Properties owned by SMSFs or family trusts
- Rural or lifestyle properties
Whether it’s a suburban home, retail shopfront, or industrial warehouse, there’s a valuation type to match.
What Factors Affect Property Value?
| Valuation Factor | How It Impacts Value |
| Location | Proximity to schools, shops, transport, and lifestyle amenities |
| Land Size & Zoning | Development potential or subdivision possibility |
| Building Condition | Renovations, age, and materials of construction |
| Recent Sales | Local sales of similar properties set the benchmark |
| Market Demand | Interest rates and buyer sentiment influence pricing |
Valuers also consider planning overlays, flooding zones, easements, and neighbourhood character.
How Much Does a Property Valuation Cost in Australia?
Costs vary based on property type, complexity, and urgency:
| Valuation Type | Estimated Fee (AUD) |
| Residential (standard) | $400 – $750 |
| Commercial/Industrial | $1,200 – $3,500+ |
| Family Law/Deceased Estate | $500 – $950 |
| CGT/SMSF/Retrospective | $500 – $1,000+ |
Always confirm whether GST is included and request a turnaround time.
Who Can Perform a Property Valuation?
Only a Certified Practising Valuer (CPV) is qualified to provide legally compliant property valuations. These professionals have:
- API accreditation
- University-level training in property economics or valuation
- Years of supervised experience
- Ongoing professional development and insurance coverage
Avoid relying on free appraisals from real estate agents if you need a legally or financially binding document.
Why a Valuation Is Worth the Investment
You might wonder, “Why pay for a valuation?” The answer is simple—property decisions come with serious consequences. Whether you’re disputing an inheritance, planning a sale, or applying for a mortgage, you need a valuation that:
- Can stand up in court or to ATO scrutiny
- Protects your financial interests
- Gives you leverage during negotiations
- Provides documentation you can rely on for years
Conclusion: Property Valuations That Empower Smart Decisions
A certified property valuation is more than just a number—it’s a professional, transparent assessment that helps you navigate life’s biggest financial decisions with clarity and confidence.
Don’t rely on guesswork. Whether you’re a homeowner, investor, accountant, or solicitor, a qualified valuer ensures you have the insights and evidence to move forward strategically.