Property valuers use a structured approach to determine a property’s fair market value. Their evaluation is based on on-site inspections, market research, and comparative analysis.
Key Factors Affecting Property Valuation
Location & Surrounding Infrastructure
- Properties in high-demand suburbs with good amenities generally have higher values
- Proximity to schools, transport, shopping centres, and employment hubs impact valuations
Property Size, Condition & Features
- Larger properties with modern renovations typically receive higher valuations
- Older homes with structural damage may have reduced market value
Market Trends & Economic Conditions
- The Perth real estate market cycle influences valuations
- Interest rates, housing demand, and economic stability affect property prices
Comparable Sales Data
- A valuer compares recently sold properties in the area to assess value
- Properties with similar size, condition, and location provide benchmarks
How the Property Valuation Process Works
- Initial Consultation – Understanding the purpose of the valuation
- Property Inspection – Assessing the structure, layout, and features
- Market Research – Analysing local sales data and economic conditions
- Valuation Report – A comprehensive written report detailing the final market value
Conclusion
Property valuers in Perth assess multiple factors to provide accurate, market-driven valuations. If you’re looking for a certified and independent property valuation, contact an expert today.