Category: Property Valuations

Just Property Valuations firm has been conducting Family Law valuations for lawyers/solicitors and Barristers as a “single expert witness” valuer for the Federal Circuit and Family Court of Australia for many years and understand the complexities that need to be addressed when preparing a valuation report. The valuer must act as an independent expert, not as an advocate for either party. The report should clearly state that it is compliant with the Federal Circuit and Family Court of Australia’s expert witness rules. Ensure compliance with Expert Evidence Guidelines e.g., Family Law Rules 2021 – Part 15.5 in Australia. It must …

New South Wales Government changed the thresholds for the exemption from payment of stamp duty where contracts exchanged after 1 July 2023 for new and existing homes and the time periods in which purchasers have to live in the property. Under the First Home Buyer Assistance Scheme (FHBAS), previous threshold was $650,000, now for eligible first home purchasers who buy a new or existing home for $800,000 or under will now be exempt from the payment of stamp duty. There are also concessions which apply for the payment of stamp duty on properties purchased between $800,000 and $1,000,000, after which normal …

When you buy a property, you will need to pay stamp duty tax to the government on that purchase. Unfortunately, it is a tax that we all get hit with. If the sale is a normal open market value transaction the stamp duty will be assessed on the purchase price using a sliding scale to calculate the stamp duty amount to be paid. This is known as an “Arm’s Length” transaction where both parties are independent and acting in their own self-interest. When it’s not an arm’s length transaction is the case where people are buying and selling property to …

JPV (Just Property Valuations) have valuers that specialize in determining the market value impact of easements on property. Utility easements (power lines, pipelines, etc.), Access easements (right-of-way for roads or driveways), drainage/sewerage easements, conservation or environmental easements. JPValuations valuers have worked with all types of government agencies, utility companies, Legal teams, solicitors, lawyers, Property developers and Private landowners. Key Responsibilities Valuation assessments: Determining compensation payable for easement rights or the reduction in land value. Impact analysis: Assessing how the easement affects land use, development potential, and marketability. Report preparation: Writing detailed, legally compliant valuation reports. Expert testimony: Acting as an …

A property specialist valuer is a professional who evaluates and assesses the value of a property. This evaluation is typically based on several factors, including the location, size, condition, and features of the property, as well as market trends and comparable property values. Here are some key points about a property specialist valuer that may be of help: Role and Responsibilities Valuation of Properties: A property valuer is responsible for estimating the market value of residential, commercial, or industrial properties. Their role involves determining how much a property is worth based on various factors. Inspection and Research: A valuer will …

After 21 months of growth that pushed values up 14.3%, CoreLogic’s national Home Value Index (HVI) has finally recorded declines. After peaking in October, the national index steadied in November (-0.01%) and recorded a -0.1% decline in December. The start of a cyclical downturn is unsurprising, as monthly home value growth has slowed since June 2024. The slowdown has been accompanied by other market shifts. Total listings levels across the country finished 2024 5.0% higher than a year ago. Selling times rose through the December quarter, up to 33 days from 28 days a year ago. Home values and interest …

Underlying inflation is moderating. Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance. In the December quarter underlying inflation was 3.2 per cent, which suggests inflationary pressures are easing a little more quickly than expected. There has also been continued subdued growth in private demand and wage pressures have eased. These factors give the Board more confidence that inflation is moving sustainably towards the midpoint of the 2–3 per cent target range. However, upside risks remain. Some recent labour market data have been unexpectedly …