If yours is not below, ask a real valuer and a valuer picks it up.
A valuer's signed opinion of a property's market value on one nominated day, with the comparable sales and the reasoning set out beneath it. The choice of comparable sales is part of the opinion rather than a formality, which in a suburb that runs two separate markets is where most of the judgement sits.
An appraisal is a free estimate offered while an agent is competing for a listing, and it is unsigned. A valuation is independent of any sale, effective as at a stated date, built on settled sales, and signed by the valuer who reached the view.
In New South Wales, a valuer with the professional qualification and standing to have their opinion relied on. Their name and credentials appear on the report, which is exactly what allows a third party to act on it.
Yes. A valuer independent of your fund prepares and signs it, SISR 8.02B is the standard it is written to, and the comparable sales are attached rather than summarised, so an auditor can follow the figure back to its evidence.
The valuer who reached the opinion, named with their qualification. Not the model that gathered the evidence, and not anyone signing in their place..
No. It is unsigned, so nothing in it can be relied on by an auditor, an accountant or a revenue office. It exists to help you decide. On timing: signed desktop reports usually go the same day, and an Automated Market Assessment arrives the next business day.
It is effective as at its date rather than indefinitely. Some recipients apply their own currency period, and where they do that period governs; your adviser will know which. Ordering near the time the figure is needed is usually less trouble than ordering early.
Yes. $169 for signed desktop reports, $79 for Automated Market Assessments.
An advertised price is a marketing position, often a range set to attract interest. A valuation reports settled evidence. Chatswood widens that gap, because a campaign can point at sales a few streets away that belong to the other half of this suburb entirely.
A signed desktop report is usually ready the same business day. An inspected report waits on access, which where a building manager is involved can add a day. An Automated Market Assessment arrives the next business day.
No. A rates notice generally carries a land value, being the ground on its own without anything built on it, assessed for rating at a date the council picked. A valuation covers the whole property at the date you need it, so the two figures answer different questions and rarely match.