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Mooloolaba property valuation questions, from owners at every stage.

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Acceptance & compliance

What is a property valuation?+

A registered valuer's signed opinion of what a property was worth on one nominated day, with the comparable sales and the reasoning set out beneath it. The day is chosen to suit the question being answered, which is why a report prepared for one purpose does not automatically settle another. That comes up more here than elsewhere, because Mooloolaba enquiries arrive from every purpose in roughly equal numbers.

What is the difference between a property valuation and an agent appraisal?+

An appraisal is a free selling estimate produced in the middle of a contest for a listing, and no one signs it. A valuation stands apart from any sale, answers as at one stated day, is built on settled sales and is signed by the valuer who prepared it.

Who is qualified to prepare a property valuation?+

In Queensland, a valuer registered under the Valuers Registration Act, which is what makes the opinion one somebody else can act on. The name and the registration number both appear on the report.

Timing & process

Will the ATO and an SMSF auditor accept the report?+

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 one thing worth confirming before you order is which day your Mooloolaba fund is reporting to, because that is the date the report answers for.

Who signs the report?+

The valuer who formed the opinion, named with their qualification and registration number. Not the model that gathered the sales, and not somebody signing on their behalf. (from $550).

Is an Automated Market Assessment enough for tax purposes?+

No. It carries no signature, so there is no independent opinion in it for an auditor, an accountant or a revenue office to act on. It is for deciding. On timing, a signed desktop report usually goes out the same day and an Automated Market Assessment arrives the next business day.

How long is a property valuation valid for?+

It is effective as at its date rather than open-endedly. Where the organisation receiving it applies a currency period, that period is what counts, and your adviser will know which. Much of the Mooloolaba work is written to a date well in the past, where currency is not the question at all.

Pricing & orders

Are the prices really fixed?+

Yes. $169 for signed desktop reports, $79 for Automated Market Assessments. Inspection valuations start at $550, with the exact price confirmed at checkout before you pay, never after.

Why is the valuation different from the price a property is advertised at?+

An advertised price is a marketing position, often a range set to attract interest, and it speaks to today. A valuation reports settled evidence and speaks to one nominated day, which in a Mooloolaba enquiry is very often not today at all.

How long does a property valuation take?+

A signed desktop report is usually ready the same business day, and that holds whether the date it answers to is last month or three decades back. An inspected report waits on access. An Automated Market Assessment arrives the next business day.

Is market value the same as the value on my council rates notice?+

No. A rates notice carries a land value, the ground on its own with nothing built on it, assessed for rating at a date the council chose. A valuation covers the whole property and speaks to the day you nominate. Different question, different date, and usually a different figure.

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