What is a residential property valuation?
A residential property valuation is a valuer’s assessment of a home’s market value at a specified date. It considers the property’s characteristics and relevant sales evidence, with a report prepared for an agreed purpose and intended users.
Propti coordinates valuations for houses, units, townhouses, duplexes, prestige homes and residential investment holdings. Tell us whether the report is for a purchase, sale, ownership change, tax matter or legal process so the instructions match the decision you need to make.
What influences a home’s value?
- Location, land area, access, outlook and site constraints.
- Accommodation, floor area, layout, building condition and improvements.
- Comparable sales, including differences in condition and sale date.
- Title, zoning and relevant planning information.
- For apartments: the individual lot, parking, building features and available strata information.
An automated estimate cannot inspect a renovation, unusual layout or condition issue. Depending on the purpose and available evidence, an inspection may be needed. Compare desktop, short form and full valuation reports.
Prepare your residential valuation request
Provide the address, property type, purpose, required valuation date and deadline. Include a floor plan, tenancy details where relevant, recent renovations and any known access or title issues. If a lender or solicitor will use the report, supply their instructions before ordering.
For an earlier valuation date, provide photographs or records showing the home’s condition at that time. See retrospective valuations for historical assessments and CGT valuations for reports requested by your tax adviser.
Frequently asked questions
Does the valuer need to enter the property?
An inspection-based report requires access as agreed with the valuer. A desktop report relies on available records and is only an option when appropriate for the property and intended use.
Can a residential valuation be used for a loan?
Confirm the lender’s ordering process first. A privately ordered report may not meet its panel or reliance requirements. Our mortgage valuation page explains what to check.
How much does a residential valuation cost?
The fee depends on location, property complexity, the valuation date and report scope. Request a quote with those details so the proposed work and fee can be confirmed.