What is a short form property valuation?
A short form valuation combines an agreed property inspection with a concise written assessment of market value. The report identifies the property, valuation date, purpose, evidence and assumptions without the reporting detail of a full or long form assignment.
When might you need a short form report?
It may suit a residential property or another relatively straightforward assignment where an inspection is needed and the recipient permits concise reporting. Potential purposes include lending, refinancing, an investment decision or a portfolio assessment. The valuer must confirm suitability for the property and instructions.
What does a short form valuation include?
- Property identification and the agreed inspection scope.
- Relevant property features, improvements and condition observed.
- Market evidence and comparable sales relevant to the valuation date.
- The valuation approach, conclusion and supporting explanation.
- Assumptions, limitations, intended use and permitted reliance.
Ask for the proposed scope before ordering. A valuation inspection is for assessing value; it is not a substitute for a specialist building, pest or structural inspection.
Short form, desktop or full valuation?
| Format | Main distinction |
|---|---|
| Desktop | Prepared remotely without a physical inspection, using available evidence. |
| Short form | An agreed inspection and concise reporting for the assignment. |
| Full or long form | More extensive analysis and reporting where the property or purpose requires it. |
The appropriate format depends on the evidence and intended use. More pages do not automatically mean a more accurate value, and a concise report is not suitable for every recipient.
Prepare for the inspection
Provide the property address, purpose, valuation date, recipient’s instructions and deadline. Include plans, leases, details of recent improvements and relevant property records. Arrange access to the areas required by the valuer and identify any access restrictions early.
Fees and turnaround
Property type, location, complexity, access and the required reporting detail affect the quote and timing. Confirm the inspection arrangements, inclusions, fee and expected delivery date with Propti before proceeding.
Frequently asked questions
Is a short form valuation more accurate than a desktop valuation?
An inspection can provide evidence about condition and improvements that a desktop assessment may lack. Reliability still depends on the evidence, scope and assumptions; an inspection is not a guarantee of a particular outcome.
Are short form valuations accepted by private lenders?
Acceptance depends on the lender’s instructions, panel requirements, property and transaction. Ask the lender which provider and format it requires before commissioning a report.
How long does a short form valuation take?
Inspection access, document availability, property complexity and valuer availability affect delivery. Tell us your deadline when requesting a quote so timing can be confirmed.
Can a short form report be upgraded to a full valuation?
The report author can advise whether the existing work supports the new assignment. Further instructions, analysis or inspection may be needed, with a revised fee and delivery date.
Find the report for your purpose
Explore property valuation services or request a short form valuation quote with your property details and recipient’s requirements.
Property valuation pricing
Propti property valuations start from $350 inc GST. Your required report format, property, purpose, valuation date and inspection requirements determine the final fee. We confirm the total price and expected timing before you proceed.