Property Valuation Melbourne - Certified Property Valuers
                     Property Valuation Melbourne
Professional Property Valuation 
Melbourne
Independent residential property valuations prepared by experienced 
and qualified property valuers.
Key Services:
•  Residential property valuation
•  House valuation
•  Current market valuation
•  Pre-sale valuation
•  Pre-purchase valuation
•  Tax and legal valuations
What Is Property Valuation?
A property valuation in Melbourne is a professional assessment of 
the market value of a property at a specific date.
A qualified property valuer considers:
•  Property location
•  Land size
•  Building characteristics
•  Condition
•  Improvements and renovations
•  Local market conditions
•  Comparable property sales
•  Planning and surrounding influences
A valuation provides an evidence-based assessment of property 
value.
Property Valuation Melbourne
Melbourne's property market includes diverse residential 
properties across metropolitan suburbs.
A professional property valuation Melbourne service considers 
the specific characteristics of the property and relevant local 
market evidence.
The assessment may examine:
•  Location
•  Land and building size
•  Property condition
•  Accessibility
•  Local amenities
•  Recent comparable sales
•  Current market conditions
Residential Property Valuation Melbourne
A residential property valuation provides an independent 
assessment of a home's market value.
Residential properties can include:
•  Houses
•  Units
•  Apartments
•  Townhouses
•  Villas
•  Strata properties
•  Other residential assets
Vals VIC states that its residential property valuers tailor reports to 
each client's particular requirements.
Why Get a Property Valuation?
A professional valuation may be useful when you need 
reliable information about a property's value.
Common purposes include:
•  Buying a property
•  Selling a property
•  Taxation
•  Capital Gains Tax
•  Stamp Duty
•  Deceased estates
•  Property settlements
•  Family law matters
•  Mortgage security
•  Current market assessment
Role of a Property Valuer
A property valuer independently assesses the property and 
relevant market evidence.
The valuer may:
1. Inspect the property
2. Review property information
3. Research the local market
4. Analyse comparable sales
5. Assess property characteristics
6. Apply an appropriate valuation methodology
7. Prepare the valuation report
A certified valuation differs from an informal price estimate or 
sales appraisal.
Certified Property Valuers Melbourne
Vals VIC states that its valuers are Certified Practising 
Valuers (CPVs) and are accredited by the Australian 
Property Institute (API), with valuers also registered with 
RICS. 
Professional qualifications help support:
•  Independent assessment
•  Professional standards
•  Evidence-based reporting
•  Appropriate valuation methodology
•  Formal valuation requirements
Factors That Affect Property Value
A Melbourne property valuation can consider numerous factors.
These may include:
•  Land size
•  Building size
•  Location
•  Street characteristics
•  Property condition
•  Renovations
•  Extensions
•  Parking
•  Local amenities
•  Public transport
•  Planning considerations
•  Comparable sales
Vals VIC states that its residential valuers consider more than 200 factors when 
assessing a property. 
Property Inspection
A property inspection is an important component of a professional valuation.
The valuer may assess:
Inside the property
•  Layout
•  Rooms
•  Fixtures
•  Condition
•  Renovations
•  Improvements
Outside the property
•  Land
•  Building condition
•  Landscaping
•  Access
•  Parking
•  External improvements
The inspection is combined with market research to assess value.
Location and Property Value
Location can have a significant influence on residential property 
value.
A Melbourne property valuation may consider proximity to:
•  Public transport
•  Shopping centres
•  Schools
•  Parks
•  Employment areas
•  Roads
•  Community facilities
•  Recreational amenities
Street characteristics and the property's position within its local 
market can also be relevant.
Comparable Property Sales
Comparable sales provide important market evidence for residential 
valuations.
A valuer may compare the subject property with recently sold properties 
based on:
•  Location
•  Land size
•  Building size
•  Property type
•  Condition
•  Features
•  Sale date
•  Market conditions
Vals VIC states that its current market valuation process examines comparable 
properties and can analyse around 10 properties, with several included in the 
report.
How Property Valuation Is Calculated
For residential property, the direct comparison approach is 
commonly relevant.
The valuer considers:
1. The subject property's characteristics
2. Comparable properties
3. Recent sales evidence
4. Differences between properties
5. Current market conditions
6. Relevant adjustments
The final assessment reflects the evidence available for the 
valuation date.
Current Market Value
Current market value represents an assessment of what a 
property may be worth in the relevant market at a specified 
valuation date.
A current market valuation can help:
•  Establish a property value
•  Support negotiations
•  Understand market position
•  Inform financial decisions
•  Provide formal valuation documentation
Vals VIC describes current market valuation reports as useful 
before a property is placed on the market. 
Pre-Sale Property Valuation
A pre-sale property valuation can help property owners 
understand the property's market position before selling.
A professional valuation may provide information about:
•  Property characteristics
•  Market evidence
•  Comparable sales
•  Current market value
•  Factors influencing value
This information can help owners approach the selling process 
with better knowledge.
Pre-Purchase Property Valuation
Before purchasing a property, an independent valuation can 
provide additional market information.
A pre-purchase valuation may assess:
•  Property condition
•  Land and building characteristics
•  Comparable sales
•  Local market conditions
•  Market value
Vals VIC describes pre-sale/pre-purchase valuations as 
providing buyers and sellers with detailed property and 
market information.
House Valuation Melbourne
A house valuation Melbourne assessment considers the individual 
characteristics of the home.
Important factors may include:
•  Land size
•  Building area
•  Number of rooms
•  Property condition
•  Renovations
•  Extensions
•  Garage and parking
•  Outdoor areas
•  Location
•  Comparable house sales
A qualified valuer combines property inspection with local market research.
Unit and Apartment Valuation
Units and apartments require consideration of both the individual property 
and the broader development.
Factors may include:
•  Internal floor area
•  Unit entitlement
•  Floor level
•  Views
•  Parking
•  Storage
•  Building condition
•  Strata characteristics
•  Location
•  Recent comparable sales
Vals VIC specifically notes current unit entitlement as one factor considered 
where a property forms part of a strata scheme. 
Deceased Estate Property Valuation
A deceased estate valuation may be required to establish the 
value of a property at the date of death.
The valuation can help with:
•  Estate administration
•  Asset allocation
•  Probate matters
•  Tax requirements
•  Beneficiary considerations
Vals VIC states that deceased estate valuations can be 
retrospective valuations made to determine the property's value 
at the date of death.
Family Law Property Valuation
An independent valuation may be required when 
property forms part of a separation or family law matter.
A professional report can assess:
•  Property market value
•  Relevant comparable sales
•  Property characteristics
•  Valuation date
•  Supporting market evidence
Vals VIC states that valuation reports can be prepared in 
formats suited to family law and court-related 
requirements.
Property Settlement Valuation
Property disputes can require an independent assessment of 
market value.
A property settlement valuation may provide:
•  Independent valuation evidence
•  Market research
•  Comparable sales
•  Property details
•  Valuation conclusion
•  Supporting documentation
An appropriately prepared valuation report can assist parties and 
professional advisers in understanding the property's assessed 
value.
Commercial Property Valuation for Buying & Selling
Before purchasing or selling a commercial asset, an 
independent valuation can provide useful market evidence.
It can help stakeholders understand:
•  Market value
•  Comparable transactions
•  Income characteristics
•  Property condition
•  Investment considerations
•  Relevant market factors
A valuation report can provide an independent reference 
point for commercial property decisions.
Mortgage Security Valuation
• Mortgage-related valuations can be used to assess 
property value for lending purposes.
• It is important to understand that a bank valuation 
and an independent property valuation may have 
different purposes.
• Vals VIC explains that bank valuations are intended to 
assess property value in the context of loan security, 
while an independent property valuation assesses 
market value using professional market analysis.
What Is Included in a Property Valuation Report?
A professional property valuation report can include:
•  Property description
•  Valuation purpose
•  Valuation date
•  Property inspection details
•  Market analysis
•  Comparable sales
•  Property characteristics
•  Valuation methodology
•  Relevant assumptions
•  Valuation conclusion
The report format depends on the valuation purpose and 
requirements.
Independent Property Valuation Melbourne
An independent property valuation is prepared by a 
professional valuer without acting as the property's selling 
agent.
Vals VIC describes itself as an independent valuation firm and 
states that it is not a real estate agency or bank-owned 
business.
An independent assessment can provide:
•  Objective analysis
•  Market evidence
•  Professional reporting
•  Property-specific research
•  Greater clarity around market value
 Why Choose Vals VIC?
Vals VIC – Melbourne Property Valuers
Key service features highlighted by Vals VIC include:
•  Certified Practising Valuers
•  Local Melbourne knowledge
•  Independent valuation services
•  Detailed valuation reports
•  Residential property expertise
•  Multiple valuation purposes
•  Professional industry affiliations
Vals VIC states that its valuers have more than 20 years of 
experience as CPVs and that the team is accredited through 
professional industry organisations.
Property Valuation Melbourne
Independent Property Valuation Services in Melbourne
Get professional valuation assistance for residential properties 
across Melbourne and Victoria.
Key Services:
•  Residential Property Valuation
•  House Valuation Melbourne
•  Property Valuation Report
•  Current Market Valuation
•  Pre-Sale & Pre-Purchase Valuation
•  Deceased Estate Valuation
•  Tax & Stamp Duty Valuation
•  Family Law Property Valuation
Get a Property Valuation Melbourne
Name: Vals VIC
Address: Melbourne, VIC 3000
Website: https://www.valsvic.com.au/  
 
Email: [email protected]                                             
    
Phone: (03) 9020 1494