The result, the valuer assessed the property at $9,000,000, and it sold at exactly $9,000,000 at auction. That suggests the valuer had a strong understanding of current market conditions, the property’s specific attributes and buyer demand.

This was an exceptional outcome and valuers are not always spot on with prices and Auction prices are set by open market competition, so when a sale price aligns perfectly with a valuation, it shows the valuation was not only theoretically correct, but also practically validated by real buyers. This level of accuracy builds trust — from sellers, buyers, banks, and agents — that the valuer is competent and reliable.

Yes, this is a great result — both for the seller and as validation of the valuer’s skill. You could fairly say:

“The market confirmed the valuer got it exactly right.”

If you are in need of a valuation for your property, call 0426949484 for a confidential talk or advice as to how we can help.

The post WHEN THE VALUER GETS IT RIGHT appeared first on Property Valuations Sydney.

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 state that the valuation is for family law proceedings, which may influence the assumptions used, whether it be for hypothetical market transaction without duress or compulsion. Clearly specify the standard being used such as Fair Market Value, Net Realisable Value, or Market Value.

Detail the valuation approach used: Market approach using comparable sales or transactions. Income approach using discounted cash flow or capitalisation of earnings and Asset-based approach where net assets or replacement cost are looked at.

Valuer’s qualifications and experience in family law valuations are essential especially in Family Law requiring valuations for business ownership interests, real estate holdings, Trusts and company shares, superannuation entitlements.

Call Just Property Valuations for a confidential chat 0426 949 484

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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 stamp duty rates apply. This has increased from between $650,000 and $800,000.

The stamp duty thresholds for vacant land will remain unchanged. Eligible first home purchasers who buy vacant land for $350,000 or less will be exempt from the payment of stamp duty. There are also concessions which apply for the payment of stamp duty between $350,000 and $450,000, after which normal stamp duty rates apply.

To be eligible for the First Home Buyers Assistance Scheme, the following conditions must be met:

– the purchase must be for a new or existing home, or vacant land in NSW

– the property value must be within the threshold amounts

– the transfer must be for the whole property

-you must be an individual, (not a company or trust*)

– you must be over 18*

– you and your spouse or partner, must never have owned or co-owned residential property in Australia

– you and your spouse or partner, must never have previously received an exemption or concession under the scheme

– at least one of the first home buyers must be an Australian citizen or permanent resident

– for new or existing homes, you must meet the criteria, that is one of the other eligible   first home buyers must: move into the home within 12 months after settlement, and live in the property as your principal place of residence for at least 12 continuous months.

Call 0426 949 484 to discuss any property concerns you have.

The post STAMP DUTY CHANGES – YOU NEED TO KNOW appeared first on Property Valuations Sydney.

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 known parties, transferring property between say family members (e.g., parent to child), divorce settlements, deceased estates.

This is where you need a qualified valuer to prepare a valuation report so the tax authority ensures the correct amount of stamp duty is paid based on the true market value, not just the price paid.

Call JPValuations 0426 949 484 and discuss your stamp duty needs so you are not paying too much.

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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 expert witness in court or land tribunals.
• Negotiation support: Advising clients in easement compensation negotiations.

CALL 0426 949 484 HAVE A FREE CHAT REGARDING YOUR EASEMENT

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Here are some key points about a property specialist valuer that may be of help:

1. 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 physically inspect the property, assess its condition, and research relevant market data such as recent sales of similar properties, location trends, and economic factors.
• Preparation of Reports: After gathering all the relevant data, the valuer prepares a detailed report outlining the property’s value. This report is used by various parties like buyers, sellers, investors, and banks.
• Advisory Role: Valuers can also advise clients on investment decisions, property pricing, and potential future trends in property markets.

2.  Just a briefing of Property Valuation

• Residential Valuation: For homes, apartments, and other residential properties, the valuer examines factors such as size, condition, neighborhood, and comparable sales data.
• Commercial Valuation: Involves valuing commercial properties like office buildings, retail spaces, and industrial properties. This type of valuation often considers rental income potential, lease terms, and the property’s ability to generate income.
• Development Valuation: This valuation looks at land that may be developed into new properties. It includes factors like zoning laws, potential for growth, and infrastructure plans in the area.

3. Skills and Qualifications

• Expert Knowledge: A property valuer needs deep knowledge of the local property market, legal regulations, and valuation methodologies.
• Licensing and Certification: In many places, valuers are required to be licensed or certified by a professional body. For example, in the NSW, property valuers need to be certified by the Australian Property Institute (API) and the AVI Australian Valuers Institute which are the leading and contemporary membership organizations for property professionals.
• Analytical Skills: The valuer needs to assess multiple factors and analyze how they contribute to a property’s value, making strong analytical skills important.

4. Why Do You Need a Property Specialist Valuer?

• For Buying or Selling Property: Buyers and sellers often rely on property valuers to ensure they’re getting a fair deal. An independent valuation helps both parties avoid overpaying or under pricing the property.
• Mortgage and Financing Purposes: Lenders like banks or financial institutions often require a property valuation to ensure the property is worth the amount they are lending.
• Investment Decisions: Investors use valuers to make informed decisions about potential returns on property investments.
• Insurance: An accurate property valuation can help determine the proper amount of insurance coverage for a property.

The post About property specialist valuer appeared first on Property Valuations Sydney.

Home values and interest rates are too high for buyers
Housing demand has slowed amid a growing gap between income, borrowing capacity, and
home values, exacerbated by slowing economic growth and ‘higher-for-longer’ interest rates.
One way to look at this divergence is to consider an ‘affordable’ purchase price for the
median income household in Australia, based on 30% of before-tax income spent on a
mortgage, assuming current interest rates and a 20% deposit. This derived affordable price
would be $513,000, while the national median dwelling value is $815,000
The first notable decline in home values has coincided with a seasonally slow period for the property market, when value changes are usually a little bit weaker. The seasonally adjusted HVI did not actually fall in December, instead rising 0.1%. ​
​
Australia’s housing market still looks weaker when accounting for seasonal effects though, and Sydney, Melbourne and Canberra still saw price falls. The national seasonally adjusted HVI has seen monthly growth slow to just 0.1% for the past three months, down from an average growth rate of 0.6% through the first three months of 2024.​

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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 strong, suggesting that the labour market may be somewhat tighter than previously thought. The central forecast for underlying inflation, which is based on the cash rate path implied by financial markets, has been revised up a little over 2026. So, while today’s policy decision recognises the welcome progress on inflation, the Board remains cautious on prospects for further policy easing.
The outlook remains uncertain.

Growth in output has been weak, private domestic demand is recovering a little more slowly than earlier expected, and there is uncertainty around the extent to which the recovery in household spending in late 2024 will persist. Wage pressures have eased a little more than expected, housing cost inflation is abating, and businesses in some sectors continue to report that it has been hard to pass on cost increases to final prices.

At the same time, a range of indicators suggest that labour market conditions remain tight and, in fact, tightened a little further in late 2024. Measures of labour under-utilisation have declined, and business surveys and liaison suggest that availability of labour is still a constraint for a range of employers. Furthermore, productivity growth has not picked up, which implies that growth in unit labour costs remains high.

There are notable uncertainties about the outlook for domestic economic activity and inflation. The central projection is for growth in household consumption to increase as income growth rises. But there is a risk that any pick-up in consumption is slower than expected, resulting in continued subdued output growth and a sharper deterioration in the labour market than currently projected. Alternatively, labour market outcomes may prove stronger than expected, given the signal from a range of leading indicators.

More broadly, there are uncertainties regarding the lags in the effect of monetary policy and how firms’ pricing decisions and wages will respond to the slow growth in the economy and weak productivity outcomes while conditions in the labour market remain tight.

Uncertainty about the outlook abroad also remains significant. Geopolitical and policy uncertainties are pronounced and may themselves bear down on activity in many countries if households and firms delay expenditures pending greater clarity on the outlook. Most central banks have been easing monetary policy as they become more confident that inflation is moving sustainably back towards their respective targets. But market expectations for further easing have moderated somewhat in recent months, particularly in the United States.
Sustainably returning inflation to target is the priority.

Sustainably returning inflation to target within a reasonable time frame remains the Board’s highest priority. This is consistent with the RBA’s mandate for price stability and full employment. To date, longer term inflation expectations have been consistent with the inflation target and it is important that this remains the case.

The Board’s assessment is that monetary policy has been restrictive and will remain so after this reduction in the cash rate. Some of the upside risks to inflation appear to have eased and there are signs that disinflation might be occurring a little more quickly than earlier expected. There are nevertheless risks on both sides.

The forecasts published today suggest that, if monetary policy is eased too much too soon, disinflation could stall, and inflation would settle above the midpoint of the target range. In removing a little of the policy restrictiveness in its decision today, the Board acknowledges that progress has been made but is cautious about the outlook.

The Board will continue to rely upon the data and the evolving assessment of risks to guide its decisions. In doing so, it will pay close attention to developments in the global economy and financial markets, trends in domestic demand, and the outlook for inflation and the labour market. The Board remains resolute in its determination to return inflation to target and will do what is necessary to achieve that outcome.

The post RBA’s Monetary Policy Decision February 2025 appeared first on Property Valuations Sydney.