Property Valuation Services

Strata building replacement insurance is compulsory in the Northern Territory. This applies to all strata buildings including apartments, duplexes, and many other multi-unit properties. This insurance protects the owner of the Strata scheme from having to front any costs, in the unlikely event the building is destroyed beyond repair.

A strata insurance valuation, conducted by a qualified valuer, will ensure that your insurance policy provides adequate cover without unnecessarily increasing your premiums. This strata building replacement cost valuation will include the costs of clearing debris, labour, materials and any fees for consultants and architects.

Our commercial valuers are experts in properties of all sorts and sizes. As a commercial property is a property tied to any business, our valuers must be able to conduct a commercial real estate valuation on a variety of properties. Examples of such include retail stores, offices, factories, warehouses and more.

A commercial property valuation may be needed for many purposes, so it is important to have an experienced valuer produce a tailor-made report that suits your business’s exact needs. These commercial valuation reports may be used for settlements, loans, insurance, pre-purchase advice and tax purposes. We format the report for its specific use and deliver it in a timely manner for your convenience.

Once granted probate, property valuations for deceased estate purposes aid the executor of the will to divide all assets and property amongst beneficiaries fairly. Deceased estate valuations serve as proof of the estate’s/property’s true value. A precise and detailed report, such as a Territory Valuers report, may help reduce the chances of challenges and property disputes.

If the deceased has died intestate (without a will), then a personal representative of the deceased will apply for letters of administration. This names someone as the administrator, and they use a deceased estate valuation the same way as an executor of the will.

For a property valuation for family law court to be seen as valid and accepted by the Courts, it must be objective, impartial and correctly formatted. The Courts require that a family law valuation is conducted by a reputable valuer and is delivered as a long-form report.

This report is over 25 pages long and is one of our most thorough and detailed reports. All our family law valuations are well-researched and involve meticulous inspection of the property. The process will take longer than producing our other reports, but the results are worth it. Family law property valuations are extremely accurate to ensure a fair and just result.

During the mortgage security process, a bank or financial institution will ask for a mortgage property valuation. This will inform the bank of the current market value of the property, which dictates the amount the bank would be willing to loan.

A mortgage valuation includes an inspection of the property and a comprehensive analysis of the local property market. The data collected is used to accurately calculate the property’s current value. As an independent firm, Territory Valuers does not conduct valuations on behalf of any bank or other agencies. Our mortgage security valuations are objectively conducted and can be trusted as a true report of the property’s value.

Pre-sale/pre-purchase valuations are great resources that many use to secure the best price in an arm’s length sale of any property. The value of a property is ultimately decided by the price a buyer is willing to spend, and what a seller is willing to accept. This valuation allows both parties to be well informed of the many factors that contribute to the property’s value, which will impact the price that will be agreed on.

For buyers, buying property is a huge investment. A pre-purchase valuation will ensure that you are confident in your investment and will reduce the chances of buyer’s remorse. After all, for many Australians, a residential property purchase is more than just an investment, it is a home.

When it comes to taxation, it helps to have up-to-date records of your assets and their value. Many request a property valuation to assist with determining personal or business tax liabilities.

For all property valuations for tax purposes, our valuers use their skills and expertise to ensure that you receive an accurate and comprehensive report. Everything that has been analysed and considered through the lenses of our experts is included in your property valuation report, so you can better understand the value of your property and how it was determined.

Our rent review valuations team are specialists in all property types including, residential and commercial properties. These rental property reviews allow both landlord and tenant to be confident that their rent is set fairly to the status of the local property market.

A current market rent valuation involves more than just adjusting a property’s rent for the market. With a thorough inspection of the property including its size, features and condition, any changes made that add value or even devalue the property are factored into the rent valuation. This ensures the rent set is accurate and up to date with the property’s true value.

Stamp duty, also referred to as transfer duty is due after the purchase or transfer of any conveyances of land and buildings. The tax on these property acquisitions is paid after the contract has been signed. If you are eligible for an extension or an exemption, then you must provide evidence to support your claim.

A stamp duty valuation can be proof of the property’s value. This is used to calculate your liabilities and, in some cases, can support the lodgement for exemption. Stamp duty valuations can be especially important for property transfers that were not done through an arm’s length sale. The objective report may be necessary for taxation and other obligations that follow such transactions.

If your property is a part of a strata scheme, unit entitlements are essential. They determine the fees a unit owner must pay to contribute to the strata and their voting rights. The strata unit entitlement valuations are completed before any titles may be purchased or transferred but can be re-evaluated at any time, by either the strata scheme owner or the unit title owner.

New unit entitlement valuations are requested if there is reason to believe the current unit entitlement is inaccurate, outdated, or incomplete. In all cases, it is recommended that a valuation is conducted by a certified valuer that is local to the area. This ensures that the valuation is up to the standards of local governing agencies.