Frequently Asked Questions.
Property is one of the biggest investments you’ll make in your lifetime, regardless of whether it’s a home, investment vehicle or business premises. The potential for great success in property goes hand-in-hand with great risk, and property-related decisions have a huge impact on our lives and livelihood.
Our independent, reliable and tailored valuation and property services will help you make better property decisions and enjoy better property outcomes.
No, not all estates in Australia require probate. Whether probate is needed depends on factors such as the size of the estate, the type of assets involved and the requirements of financial institutions holding the deceased’s assets.
Each case is different, so it’s advisable to check with asset holders and legal professionals to
determine if probate is necessary.
The duration of a probate valuation varies depending on the complexity of the estate. In addition, factors such as locating all assets, obtaining professional valuations and dealing with legal or tax considerations can influence the timeline.
For probate purposes, a property must be valued at its open market value as of the date of death. This assessment is conducted by a WBP qualified property valuer to ensure accuracy and compliance with legal requirements.
When handling probate, the following assets typically require valuation:
● Real Estate – This includes houses, apartments, land and commercial properties.
● Bank Accounts & Financial Investments – Savings accounts, current accounts, stocks, bonds and other investment portfolios.
● Personal Possessions – Vehicles, jewelry, artwork, antiques and other valuable items.
● Business Assets – Shares in a company, business premises, equipment or intellectual property.
● Outstanding Debts & Liabilities – Any debts owed by the deceased, such as mortgages, loans, or credit card balances, which are deducted from the total estate value.
The executor of the will (or the administrator if there is no will) is responsible for arranging a probate valuation. Executors may appoint professional valuers, estate agents, or chartered surveyors to assess property, assets and valuables to ensure an accurate valuation.
A probate valuation is an essential step in the legal process of administering a deceased person’s estate.
It serves several important purposes, including:
● Determining the estate’s value for inheritance tax
● Ensuring a fair distribution of assets among beneficiaries
● Meeting Legal Requirements for Grant of Probate
A probate valuation is a formal assessment of a deceased person’s estate, including property, financial assets, personal possessions and other valuables. This valuation determines the total worth of the estate for probate processing and inheritance tax purposes. A professional probate valuation helps executors and beneficiaries understand the estate’s value, facilitating the fair distribution of assets according to the deceased’s will.
Ensure your strata development or community title development is set up for fairness and success. Get in touch with WBP valuation team today for a compliant, accurate and transparent Schedule of Unit Entitlements supported by a professional unit entitlement valuation.
Inaccurate unit entitlement assessments can lead to unfair levy contributions, imbalanced voting rights and legal disputes. Affected parties may apply to a tribunal or court to seek a reallocation, often supported by an independent unit entitlement valuation report like the ones WBP Group provides.
Yes, in most Australian states and territories, a compliant Unit Entitlement Report prepared by a qualified property valuer is required when registering a new strata plan or amending an existing one. The report must comply with local legislation, such as the Strata Schemes Development Act or Community Titles Act.
Unit entitlement valuations are based on the market value of each lot at a specific point in time, typically when the strata plan is created or amended. Our accredited valuers assess each unit’s value relative to others in the scheme to assign entitlements fairly and transparently.
Certified valuers, like those at WBP Group, bring industry-recognised expertise, compliance knowledge and access to real-time replacement cost data, helping ensure your property is accurately valued and well protected with an up-to-date building insurance valuation.
Underinsuring can result in the Owners Corporation covering shortfalls out-of-pocket after a claim. This can lead to special levies, financial strain and potential legal disputes. It may also breach strata legislation depending on your state or territory. A current insurance valuation report helps reduce this risk.
No, relying solely on indexation can lead to underinsurance or overinsurance. Indexation doesn’t always capture sudden spikes in construction costs, inflation, or changes to building codes. A professional strata insurance valuation or replacement cost valuation ensures a more accurate and compliant coverage amount.
A strata insurance valuation is a professional assessment of the estimated replacement cost of a strata building, including common property and shared infrastructure. It ensures that the building insurance coverage is adequate to cover full rebuild costs in the event of a total loss, in line with legislative and insurance requirements.
Valuers consider a wide range of factors when preparing a rural or agricultural land valuation, including:
- Location and land use
- Soil quality and topography
- Access to water and irrigation infrastructure
- Type and productivity of agricultural activity
- Improvements such as fencing, sheds, housing or grain storage
- Water licences or entitlements
- Recent local sales and rural market trends
- Zoning, planning constraints and land tenure
Yes. Our rural property valuation reports are suitable for a range of purposes including bank lending, taxation, family law, estate planning and insurance. All reports are prepared by certified valuers and meet the compliance standards of major Australian financial institutions and regulatory bodies.
Rural valuations are more complex than residential because of the varied land uses, income potential and asset types involved. Unlike suburban homes, rural property is often valued based on productive capacity, agricultural infrastructure, water access and local commodity trends, not just land size and location.
A rural property valuation is a professional assessment of the market value of agricultural or rural land and assets. This includes land used for cropping, grazing, irrigation, horticulture or mixed farming enterprises and may also cover infrastructure, improvements and water entitlements.
It’s recommended to update your SDA property valuation every 12 to 24 months, or whenever there are significant changes in the property, local market conditions, or NDIS funding policy. Keeping your valuation up to date ensures your decisions, whether financial, legal, or strategic, are based on current, accurate data that meets the expectations of government-backed SDA investment and compliance frameworks.
No, you do not need to be a registered NDIS provider to request an SDA property valuation. Our services are available to investors, developers, financial institutions, lenders and individual buyers who need an independent assessment of a property’s market value and it’s compliance with NDIS and SDA regulations.
A Specialist Disability Accommodation (SDA) property valuation is a professional assessment of the market value of a dwelling specifically designed to support participants in the National Disability Insurance Scheme (NDIS). These properties are purpose-built for individuals with extreme functional impairment or very high support needs. The valuation considers factors such as SDA design category, property location, accessibility features, and demand within the local market.
Commercial property should typically be revalued every 1 to 2 years, depending on factors such as market fluctuations, rental income changes and regulatory or financial reporting requirements. Regular commercial valuations ensure your property’s value remains aligned with current market conditions and supports compliance with banking, taxation and investment obligations. For properties with complex lease structures or those held in SMSFs, more frequent valuations may be required.
Yes, WBP Group has the capacity and expertise to conduct multi-property and portfolio commercial valuations across different locations and property types. We provide consolidated reporting, consistent methodologies and scalable solutions for asset managers, corporates and institutional investors.
Having an accurate, professional commercial property valuation ensures compliance, reduces risk and supports strategic planning. It also provides essential insights for informed decision-making in areas like property acquisition, leasing or portfolio management.
A commercial property valuation is a formal, independent assessment of a property’s current market value, carried out by a qualified and certified commercial property valuer. It takes into account a range of factors including the property’s location, income-generating potential, zoning and land use, physical condition and recent comparable sales in the area.
This detailed analysis helps determine a fair market value for purposes such as financing, investment, taxation or legal compliance.
For inquiries or to request a property valuation South East Queensland, please contact our team directly on 07 3352 6006 or [email protected]. We are ready to assist you with your property valuation needs with a customer-focused approach.
WBP Group has been providing expert property valuation Services in Brisbane and property advice for more than 30 years. With a commitment to excellence and a focus on delivering industry-leading client experiences, we have established a strong track record and a broad base of satisfied clients in real estate across South East Queensland.
Our clients have seen significant benefits from our valuations in Queensland and advice, including successful land tax objections, support with deceased estate purposes, insightful pre-sale and pre-purchase advice, guidance on related party transactions, accurate valuations for superannuation and financial reporting, assistance with Capital Gains Tax, and retrospective valuations.
Our broad range of clients includes bank and non-bank lenders, government departments, accountants, lawyers, SMSF specialists, small businesses, and individuals seeking independent and accurate property insights from experienced Queensland property valuers. We cater to a diverse clientele with varying needs related to property valuations in Queensland.
Our valuers are accredited with the Australian Property Institute (API) and registered with the Queensland Valuers Registration Board. Our valuers are committed to adopting a hands-on approach to provide the most accurate property insights.
Our expert valuation services span across South East Queensland, including property valuations Sunshine Coast, property valuations Brisbane, property valuations Ipswich, property valuations Gold Coast, and property valuations NSW. We offer comprehensive Commercial Valuations South East Queensland and residential valuations for a variety of purposes.
The Greater Southeast Qld and Northern NSW regions are some of the fastest-growing regions in Australia and are quickly becoming a popular destination for residents and investors, driven by its appealing climate, strong economy, and lifestyle opportunities.
The region has strong population grown and migration trends, has considerable infrastructure investment, is showing strong economic and jobs growth, has access to quality universities, schools and healthcare services and boasts a natural environment second to none.
You can schedule an appointment by contacting our team via phone, email or quote form. Our expert valuers will guide you through the process and answer any additional questions.
Yes, you are welcome to be present during the inspection. Our Prestige Valuer may ask questions about the property’s features, upgrades and history to ensure a comprehensive assessment.
Yes, financial institutions require Prestige Valuations for high-value mortgage security.
Yes. A Professional Prestige Valuation provides an accurate, unbiased estimate of your property’s worth, helping you set a competitive asking price and attract serious buyers.
Key factors include:
- Location & surroundings (e.g: waterfront, city skyline views)
- Land size & exclusivity
- Architectural design & quality of finishes
- Market demand & recent sales of comparable properties
- Luxury amenities (e.g: pools, smart home technology, private lifts)
A High-End Prestige Valuation will be undertaken by an experienced Certified Practicing Valuer, generally with a minimum of 5 years of post-qualification experience. Prestige Property Valuations require specialised expertise due to the uniqueness, higher value and market complexities of luxury properties. Unlike standard valuations, these assessments involve:
- Bespoke valuation methods tailored to high-end properties
- Detailed market analysis including sales of comparable prestige properties
- Consideration of premium features such as design, location and exclusivity
A valuation provides an independent, professional assessment of your property’s value for purposes such as:
- Mortgage security
- Pre-purchase or pre-sale decisions
- Family law settlements
- Capital gains tax or financial reporting
- Estate planning & asset management
- Insurance purposes
Prestige properties typically include:
- Waterfront & beachfront residences
- Luxury apartments & penthouses
- Heritage-listed homes
- Rural estates & acreage properties
- Architecturally significant or custom-built homes
- Properties valued from $3 million (varies by market)
A Prestige Property Valuation is a professional assessment of a high-value residential property’s market worth. It is conducted by experienced Prestige Valuers who consider factors such as location, architectural significance, land size, unique features and market demand.
For inquiries or to request a property valuation in Sydney, please contact our team directly through our official website contact page or our customer service hotline below. We are ready to assist you with your property valuation needs with a customer-focused approach.
WBP Group has been providing expert valuation services and property advice for more than 30 years. With a commitment to excellence and a focus on delivering industry-leading client experiences, we have established a strong track record and a broad base of satisfied clients.
Our clients have seen significant benefits from our property valuations and advice, including successful land tax objections, support with deceased estate purposes, insightful pre-sale and pre-purchase advice, guidance on related party transactions, accurate valuations for superannuation and financial reporting, assistance with Capital Gains Tax and retrospective valuations.
Our broad range of satisfied clients includes bank and non-bank lenders, government departments, lawyers, small businesses, and individuals seeking independent and accurate property insights. We cater to a diverse clientele with varying needs related to property valuations in Sydney.
Our property valuers in Sydney are highly trained and have received accreditation from the Australian Property Institute (API). They are committed to adopting a hands-on approach to provide the most accurate property insights.
Our expert property valuation services span across Eastern Suburbs, Inner West, North Shore, South West, St George, The Hills Shire, Sutherland Shire and Wollongong. We offer comprehensive evaluations across residential, commercial, and specialised properties for a variety of purposes.
Greater Sydney is an attractive destination for both residents and investors due to it’s strong economy, high property demand, world-class infrastructure and exceptional quality of life. As Australia’s largest and most economically dynamic city, Sydney boasts a diverse job market across finance, technology, healthcare, education and tourism, with key employment hubs in the CBD, North Sydney and Parramatta. The city’s real estate market has a history of strong capital appreciation, supported by major infrastructure projects like the Sydney Metro, WestConnex and the upcoming Western Sydney Airport, which are enhancing connectivity and boosting property values. A well-developed transport network, including expanded rail and road systems, makes Sydney highly accessible, while it’s renowned beaches, parks and cultural diversity enhance it’s lifestyle appeal.
This applies to building structures, plant and equipment and structural improvements, helping offset costs over time.
Yes, depreciation calculations begin from your settlement date and you can make adjustments for up to four years retrospectively. This means you may be able to claim up to four years of depreciation in the current financial year.
A Tax Depreciation Schedule for Investment Property can be created to help individuals recover unclaimed depreciation benefits for up to four years.
To generate a Property Tax Depreciation Schedule, we need specific details about your property, including the settlement date and purchase price, as well as any improvements or additions made, along with their dates and costs if available. Additionally, we require the date the property was first rented out (tenancy commencement date) and floor plans, if accessible.
To create a comprehensive Tax Depreciation Schedule Report, a thorough site inspection of your property is conducted to identify all depreciable assets. Following this, our Quantity Surveyor compiles a detailed schedule outlining the maximum depreciation allowances for the building, structural improvements, and plant & equipment. This includes items such as kitchen appliances, hot water systems and flooring. The findings are then compiled into a full Depreciation Report for Investment Property, detailing depreciation schedules for rental property for future years, which you can provide to your accountant for tax return preparation.
Yes, you are entitled to claim depreciation on common area assets, with allowances apportioned based on your unit entitlement. In addition to inspecting your individual unit, a full assessment of the strata complex’s common areas will be conducted. Depreciable items in shared spaces may include, but are not limited to, smoke detection and alarm systems, fire hose reels, fire extinguishers, car parking facilities, hydrant pumps, pool and spa equipment, as well as gym fit-outs and equipment.
Tax Depreciation can be claimed by anyone who owns an income-producing property. However, it is not applicable to your primary place of residence (PPOR).
If you own an income-producing property, whether it’s a rental property or a business asset, you may be entitled to claim depreciation deductions. A Tax Depreciation Schedule helps you maximise these deductions by outlining the wear and tear of your property and it’s assets over time.
Prepared by qualified Quantity Surveyors, a Depreciation Schedule for Rental Property ensures that all eligible deductions are accurately identified to maximise your tax savings while also ensuring compliance with ATO (Australian Taxation Office) regulations, reducing the risk of errors or missed claims.
Ideally, before listing your property, so you can set a price based on real market data, not just agent estimates. Whether you’re a buyer or seller, Pre-Purchase and Pre-Sale Valuations play a crucial role in property transactions. Professional Property Valuations ensure you make informed decisions based on real market insights.
- Make necessary repairs and improvements
- Enhance curb appeal
- Stage the property professionally
- Keep maintenance records
It provides:
- A realistic price expectation
- Stronger negotiation power
- A competitive edge in the market
- Transparency for buyers
Pre-Sale Valuation determines the current market value of a property before listing it for sale. This helps sellers set a competitive asking price and understand their expected returns.
Absolutely! A valuation report gives you bargaining power to negotiate a fair price.
It’s not legally required, but it’s highly recommended for buyers, investors and lenders to ensure they are making a sound investment.
Can a Pre-Purchase Property Valuation help with loan approval?
- Location & market trends
- Property size condition and features
- Comparable recent sales
- Zoning regulations and future developments
A property valuer inspects the property, researches recent sales in the area, assesses market trends, and provides a detailed report on the property’s estimated value.
Pre-Purchase Valuation is an independent assessment of a property’s market value before buying it. It helps buyers make informed decisions, ensuring they don’t overpay and that the property is a sound investment.
For buyers: Ensures you’re paying a fair price and helps secure financing.
For sellers: Helps you price your property accurately to attract buyers and maximise profit.
For investors: Provides insights into market trends and potential ROI.
Pre-Purchase Valuation
The Greater Perth region is appealing for residents due to the lifestyle opportunities available within a relatively short distance from the Perth CBD, whether it be coastal living, or semi rural lifestyle, these property types all exist within the Perth metro area. Investors have benefitted from strong residential yields and strong demand due to the strength within the mining sector of many years.
For inquiries or to request a property valuation, please contact our team directly through our official website contact page or our customer service hotline below. We are ready to assist you with your property valuation needs with a customer-focused approach.
WBP Group has been providing expert valuation services and property advice for more than 30 years. With a commitment to excellence and a focus on delivering industry-leading client experiences, we have established a strong track record and a broad base of satisfied clients.
Our clients have seen significant benefits from our valuations services and advice, including successful land tax objections, support with deceased estate purposes, insightful pre-sale and pre-purchase advice, guidance on related party transactions, accurate valuations for superannuation and financial reporting, assistance with Capital Gains Tax and retrospective valuations.
Our broad range of satisfied clients includes bank and non-bank lenders, government departments, lawyers, small businesses and individuals seeking independent and accurate property insights. We cater to a diverse clientele with varying needs related to property valuation.
Our property valuers are highly trained and have received accreditation from the Australian Property Institute (API). They are committed to adopting a hands-on approach to provide the most accurate property insights.
Our expert valuation services span across Ballarat and Bendigo as well the Wimmera and also north of the state in Mildura regions. We offer comprehensive valuations across residential, commercial and specialised properties for a variety of purposes.
Western Regions offer an exceptional living environment with a wonderful climate and a clean, pristine atmosphere. The fertile soils in the area present diverse employment opportunities across various fields, making it an ideal location for both work and lifestyle.
Key regional centers such as Ballarat, Ararat, Horsham and Mildura provide the added benefit of affordable housing. From the breathtaking Grampians in the south to the Murray River in the north, the region also boasts an array of commercial, health, education and recreational facilities to support a thriving community. This unique combination of natural beauty, opportunities and amenities makes Western Regions a remarkable place to live, work and grow.
For inquiries or to request a property valuation, please contact our team directly through our official website contact page or our customer service hotline below. We are ready to assist you with your property valuation needs with a customer-focused approach.
WBP Group has been providing expert property valuation services and property advice for more than 30 years. With a commitment to excellence and a focus on delivering industry-leading client experiences, we have established a strong track record and a broad base of satisfied clients.
Our clients have seen significant benefits from our valuations experts advice, including successful land tax objections, support with deceased estate purposes, insightful pre-sale and pre-purchase advice, guidance on related party transactions, accurate valuations for superannuation and financial reporting, assistance with Capital Gains Tax and retrospective valuations.
Our broad range of satisfied clients includes bank and non-bank lenders, government departments, lawyers, small businesses, and individuals seeking independent and accurate property insights. We cater to a diverse clientele with varying needs related to property valuation service.
Our property valuers are highly trained and have received accreditation from the Australian Property Institute (API). They are committed to adopting a hands-on approach to provide the most accurate property insights.
Our expert property valuation services span across Illawarra, Shoalhaven, Southern Highland and Greater Sydney regions. We offer comprehensive evaluations across residential, commercial, and specialised properties for a variety of purposes.
What makes Illawarra, Shoalhaven & Southern Highlands regions appealing for residents and investors?
The Illawarra, Shoalhaven and Southern Highlands regions are positioned on the outskirts of the Greater Sydney locality and provide a more affordable and lower density option to Sydney living whilst still offering accessibility and direct transport links to the city.
With a thriving local economy, good quality education and health facilities, close proximity to world class beaches and wineries and convenient access to Sydney, it is no surprise that the Illawarra, Shoalhaven and Southern Highlands are some of the fastest-growing and popular localities in New South Wales.
For inquiries or to request a property valuation in Canberra, please contact our team directly through our official website contact page or our customer service hotline below. We are ready to assist you with your property valuation needs with a customer-focused approach.
WBP Group has been providing expert property valuation services and property advice for more than 30 years. With a commitment to excellence and a focus on delivering industry-leading client experiences, we have established a strong track record and a broad base of satisfied clients.
Our clients have seen significant benefits from our property valuations and advice, including successful land tax objections, support with deceased estate purposes, insightful pre-sale and pre-purchase advice, guidance on related party transactions, accurate valuations for superannuation and financial reporting, assistance with Capital Gains Tax and retrospective valuations.
Our broad range of satisfied clients includes bank and non-bank lenders, government departments, lawyers, small businesses and individuals seeking independent and accurate property insights. We cater to a diverse clientele with varying needs related to property valuations in Canberra.
Our property valuers in ACT are highly trained and have received accreditation from the Australian Property Institute (API). They are committed to adopting a hands-on approach to provide the most accurate property insights.
Our expert property valuation services span across Canberra CBD, Belconnen, Molonglo Valley, Weston Creek, Hall, Woden Valley, Oaks Estate, Tharwa, Uriarra, Williamsdale, Belconnen, Gungahlin and Tuggeranong. We offer comprehensive valuations across residential, commercial and specialised properties for a variety of purposes.
The Australian Capital Territory (ACT) offers a unique blend of lifestyle, career opportunities and investment potential with a strong economy and job market coupled with government investment on infrastructure, the ACT offers an appealing market to both residents and investors
For inquiries or to request a property valuation, please contact our team directly through our official website contact page or our customer service hotline below. We are ready to assist you with your property valuation needs with a customer-focused approach.
WBP Group has been providing expert property valuation services and property advice for more than 30 years. With a commitment to excellence and a focus on delivering industry-leading client experiences, we have established a strong track record and a broad base of satisfied clients.
Our clients have seen significant benefits from our valuations experts and advice, including successful land tax objections, support with deceased estate purposes, insightful pre-sale and pre-purchase advice, guidance on related party transactions, accurate valuations for superannuation and financial reporting, assistance with Capital Gains Tax, and retrospective valuations.
Our broad range of satisfied clients includes bank and non-bank lenders, government departments, lawyers, small businesses, and individuals seeking independent and accurate property insights. We cater to a diverse clientele with varying needs related to property valuation.
Our property valuers are highly trained and have received accreditation from the Australian Property Institute (API). They are committed to adopting a hands-on approach to provide the most accurate property insights.
Our expert valuation services span across Melbourne metro and regional areas including Geelong, Surf Coast and the Bellarine Peninsula, Yarra Valley, Mornington Peninsula, Macedon Ranges and the Bendigo and Central Victorian region. We offer comprehensive evaluations across residential, commercial, and specialised properties for a variety of purposes.
For inquiries or to request a property valuation, please contact our team directly through our official website contact page or our customer service hotline below. We are ready to assist you with your property valuation needs with a customer-focused approach.
WBP Group has been providing expert valuation services and property advice for more than 30 years. With a commitment to excellence and a focus on delivering industry-leading client experiences, we have established a strong track record and a broad base of satisfied clients.
Our clients have seen significant benefits from our valuations experts and advice, including successful land tax objections, support with deceased estate purposes, insightful pre-sale and pre-purchase advice, guidance on related party transactions, accurate valuations for superannuation and financial reporting, assistance with Capital Gains Tax and retrospective valuations.
Our broad range of satisfied clients includes bank and non-bank lenders, government departments, lawyers, small businesses and individuals seeking independent and accurate property insights. We cater to a diverse clientele with varying needs related to property valuation.
Our property valuers are highly trained and have received accreditation from the Australian Property Institute (API). They are committed to adopting a hands-on approach to provide the most accurate property insights.
Our expert property valuation services span across Adelaide metro and all regional areas including the Fleurieu Peninsula, Barossa Valley, Adelaide Hills, Murray Bridge and Murraylands. We offer comprehensive valuations across residential, commercial and specialised properties for a variety of purposes.
The market in Adelaide has noticably changed since Covid and perhaps matured. This is in part due to international but also interstate migration to Adelaide. Significantly improved transport infrastructure has also lead to growth in the outer areas. While there has been population growth Adelaide is still a very easy place to move around in comparison to the larger Eastern cities.
For inquiries or to request a property valuation, please contact our team directly through our official website contact page or our customer service hotline below. We are ready to assist you with your property valuation needs with a customer-focused approach.
WBP Group has been providing expert valuation services and property advice for more than 30 years. With a commitment to excellence and a focus on delivering industry-leading client experiences, we have established a strong track record and a broad base of satisfied clients.
Our clients have seen significant benefits from our property valuations and advice, including successful land tax objections, support with deceased estate purposes, insightful pre-sale and pre-purchase advice, guidance on related party transactions, accurate valuations for superannuation and financial reporting, assistance with Capital Gains Tax and retrospective valuations.
Our broad range of satisfied clients includes bank and non-bank lenders, government departments, lawyers, small businesses and individuals seeking independent and accurate property insights. We cater to a diverse clientele with varying needs related to property valuation.
Our property valuers are highly trained and have received accreditation from the Australian Property Institute (API). They are committed to adopting a hands-on approach to provide the most accurate property insights.
Our expert property valuation services span across Newcastle, Central Coast, Port Stephens and the Hunter Valley. We offer comprehensive evaluations across residential, commercial and specialised properties for a variety of purposes.
For inquiries or to request a property valuation, please contact our team directly through our official website contact page or our customer service hotline. Whether you’re seeking Shoalhaven Property Valuation Services or Illawarra Property Valuation Services, we are ready to assist with a customer-focused approach.
WBP Group has been providing expert valuation services and property advice for more than 30 years. Our reputation as Southern Highlands Valuation Experts is built on a strong track record and a broad base of satisfied clients.
Our clients have seen significant benefits, such as successful land tax objections, insightful pre-sale and pre-purchase advice, and accurate valuations for financial reporting. As Southern Highlands Property Valuers, we ensure guidance tailored to your needs.
Our valuers are highly trained and have received accreditation from the Australian Property Institute (API). They are certified experts, including Certified Property Valuers Southern Highlands and Certified Property Valuers Shoalhaven.
Our expert valuation services span across Illawarra, Shoalhaven, Southern Highlands, and Greater Sydney regions. Whether you need Shoalhaven & Illawarra Property Valuations or Residential Property Valuation Shoalhaven, we offer comprehensive evaluations for various purposes.
The Illawarra, Shoalhaven, and Southern Highlands regions are positioned on the outskirts of the Greater Sydney locality and provide a more affordable and lower-density option to Sydney living, whilst still offering accessibility and direct transport links to the city. With thriving local economies, excellent education, and health facilities, these regions are ideal for highlands property investments.
For inquiries or to request a property valuation, please contact our team directly through our official website contact page or our customer service hotline below. We are ready to assist you with your property valuation needs with a customer-focused approach.
WBP Group has been providing expert valuation services and property advice for more than 30 years. With a commitment to excellence and a focus on delivering industry-leading client experiences, we have established a strong track record and a broad base of satisfied clients.
Our clients have seen significant benefits from our valuations and advice, including successful land tax objections, support with deceased estate purposes, insightful pre-sale and pre-purchase advice, guidance on related party transactions, accurate valuations for superannuation and financial reporting, assistance with Capital Gains Tax and retrospective valuations.
Our broad range of satisfied clients includes bank and non-bank lenders, government departments, lawyers, small businesses and individuals seeking independent and accurate property insights. We cater to a diverse clientele with varying needs related to property valuation.
Our valuers are highly trained and have received accreditation from the Australian Property Institute (API). They are committed to adopting a hands-on approach to provide the most accurate property insights.
Our expert valuation services span across Perth metropolitan area, Peel and Mandurah regions. We offer comprehensive evaluations across residential, commercial, and specialised properties for a variety of purposes.
The Greater Geelong and Surf Coast regions are some of the fastest-growing regions in Australia and features solid aviation and rail networks with Victoria.
With a thriving local economy, high quality education and health facilities, close proximity to world class beaches and wineries and convenient access to Melbourne and major airports, it is no surprise that the Geelong and Surf Coast Regions are some of the fastest-growing areas in Australia.
Our expert valuation services span across Greater Geelong, Surf Coast, Golden Plains, Bellarine Peninsula, and Southwest Victoria. We offer comprehensive evaluations across residential, commercial, and specialised properties for a variety of purposes.
Our valuers are highly trained and have received accreditation from the Australian Property Institute (API). They are committed to adopting a hands-on approach to provide the most accurate property insights.
Our broad range of satisfied clients includes bank and non-bank lenders, government departments, lawyers, small businesses, and individuals seeking independent and accurate property insights. We cater to a diverse clientele with varying needs related to property valuation.
Our clients have seen significant benefits from our valuations and advice, including successful land tax objections, support with deceased estate purposes, insightful pre-sale and pre-purchase advice, guidance on related party transactions, accurate valuations for superannuation and financial reporting, assistance with Capital Gains Tax, and retrospective valuations.
WBP Group has been providing expert valuation services and property advice for more than 30 years. With a commitment to excellence and a focus on delivering industry-leading client experiences, we have established a strong track record and a broad base of satisfied clients.
For inquiries or to request a property valuation, please contact our team directly through our official website contact page or our customer service hotline below. We are ready to assist you with your property valuation needs with a customer-focused approach.
Our valuation reports adhere to the International Valuations Standards and are valid for 90 days from the date of completion, this ensures that the assessed value remains current and relevant in a dynamic market environment.
The valuer conducts analysis using appropriate methodologies, taking into account factors such as comparisons with recent sales evidence and yield analysis. Following this, a detailed valuation report will be provided, including comprehensive information accompanied by photos and descriptions of the property.
The valuation holds legal weight and provides the most accurate indication of what a given property would sell for without the need to go through the sale process.
Upon receipt of instructions, we will promptly schedule a property inspection. Our aim is to facilitate the process for both parties involved. We can coordinate with the property occupants or liaise with the property manager if it’s tenanted as per your guidance.
While the presence of both parties at the inspection is not mandatory, you have the option to join. Should you choose to do so, include this preference in your instructions.
During the inspection, our valuer will require access to all areas of the property, including sheds, studios and detached rooms. Please ensure that any pets are secured. Photos of various aspects of the property will be taken, covering the front and back of the dwelling, bathrooms, kitchen, main living areas and any other improvement features. The photos captured will be integrated into the valuation report.
Please provide an electronic copy of the floor plans where possible. Where plans are available the valuer will complete their ‘check’ measurements. Otherwise the valuer will compete the required measurements on the dwelling and structures of the property.
Renting out your former home as an investment property triggers CGT. For example, if your home becomes an investment property, you should engage a property valuer as soon as it goes onto the rental market. An internal inspection of the property, at the current date, will provide the valuer with the most comprehensive information to provide an accurate report. However, it is common to provide a retrospective valuation when required, particularly when access to the property is no longer available.
Additionally, gifting a property can trigger the need to pay CGT, based on the property’s market value at the time of the gift.
Our reports can be submitted to the Australian Tax Office or provided directly to your accountant to assist in the calculation of capital gains tax. We also work alongside accountants, financial advisors and other allied professionals to provide an accurate report, in a timely manner with impressive customer service.
At the outset, it is important to identify the date at which the valuation is required. Is the valuation required at the current date, or a ‘retrospective’ valuation as at a previous date? Normally, a retrospective valuation is required, when the family home (principal place of residence) becomes an investment property and is thus income producing. This should be confirmed with your accountant to ensure the correct date of valuation, prior to any work being commenced.
It is best practice that a full inspection of the property be carried out wherever possible. However, if the property has since been sold and access is not available, a kerbside valuation can be conducted. In this case, please provide as much information as possible regarding the internal features of the property and changes made to the property. The valuer will conduct an external inspection from the street and will rely on online resources where possible for additional information.
We provide stamp duty valuations for private clients, accountants, financial planners, solicitors, conveyancers and corporate organisations.
A stamp duty valuation is required when there is a contract of sale, property transfer between related parties, property transfer into a superannuation fund and property transfer between trusts or legal entities.
Stamp duty valuations are required to calculate the amount of stamp duty payable on a property transaction. This valuation is crucial as it directly influences the amount of stamp duty a buyer will have to pay to the government.
Stamp duty is a state-imposed tax applicable to various transactions such as property purchases. Each state and territory in Australia has its own unique laws and charges related to stamp duty. Stamp duty is payable on the market value of the property. When an individual or entity acquires a property, the responsibility for paying stamp duty falls on the purchaser during the asset’s transfer.
When it comes to property settlement matters requiring property valuations, our approach is fairness and transparency.
If lawyers represent one or both parties, instructions will flow through them as per relevant legislation. In instances without legal representation, we request written consent from both parties for joint instruction, this ensures the appointment of a single expert witness, maintaining the integrity of the valuation process.
Whether working with, or independently of family law legal representatives, WBP Group can be appointed with confidence as an expert witness in your matter. Our valuations are accepted by the courts and completed according to International Valuation Standards (IVS) adhering to the Australian Property Institute (API) standards.
Importantly, we maintain independence from all parties involved, disclosing any potential conflict of interest upfront. Our goal is to provide a professional, impartial service to aid in property settlement without bias towards any party’s outcome.
In these sensitive matters, it’s crucial to engage an experienced professional to facilitate a streamlined settlement process. Our team understands their role as expert witnesses, adhering to court rules and regulations.
A family law valuation is performed during divorce or the dissolution of a de facto arrangement with the aim to determine how to fairly divide property between the parties involved.
Using methods such as real estate appraisals or the purchase price of the property can result in vastly different values, potentially leading to further disputes and making it difficult to reach a compromise.
Engaging a Certified Practising Valuer experienced in family law valuations, you will receive an independent and unbiased property valuation with current market factors, ensuring a fair assessment of the property’s value.
A valuation report is a professional and legal assessment of the value of your property.
A valuer assesses the value of the land and improvements, considering a myriad of factors including building layout, number of rooms, general condition, orientation and land topography, together with analysis of recent sales of comparable properties. This process usually involves an external and internal inspection of the property. When the field work and analysis is complete the valuer compiles the report, which incorporates a final valuation figure or range.
A property valuation will provide you with a current assessment of the value of your property, also known as ‘fair market value’. Your need for a valuation may vary from ‘absolutely necessary’ to ‘helpful to have’ as you make various personal and/or business decisions.
With no financial ties to the properties we value, WBP Group valuers provide clients with a qualified, professional and impartial assessment of a property’s value.
The short answer is, no.
They are two documents created for different purposes. A real estate agent uses expert local market knowledge to determine a price tag for selling a property. An independent valuation carried out by a Certified Practising Valuer can be for a wide range of clients to satisfy a wide range of purposes, including mortgage and refinancing, financial reporting, family law matters, renovation and development feasibility and more.
The process is easy and begins with a request for quote via an online form or by calling 1300 302 581.
A WBP team member will discuss your requirements with you in detail and provide a quote. You can accept the quote on the spot and lock in your order, or you can call back within 30 days to accept the quote.
Our team will call to schedule a time for the valuer to visit the property.
Please ensure access is available to all areas including all detached rooms, granny-flats and sheds. If tenanted, please advise the property manager access is required for the valuation asap. Our aim is to inspect the property within 24 hours.
We will send a confirmation text to the on-site contact.
The physical inspection of a property can take anywhere from 10 minutes to an hour or more depending on the property size and type.
For the best outcome, the following steps can assist:
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- Provide building plans with (legible) measurements. The valuer will measure the property, however building plans will improve accuracy and save time.
- Advise of any ‘hard to see features’ such as solar panels, underground water tanks, underfloor heating.
- Advise the valuer of any recent comparable sales in the area that may not yet be available online.
- Ensure any renovations are finished before the valuation. Incomplete works will have a negative impact.
During an inspection, your valuer will inspect the exterior and interior of your property, taking into consideration the construction, floor plan, fixtures and fittings and general condition of the property. The valuer is required to confirm land size, shape and topography, and to measure the area dimensions of buildings/improvements. Ancillary improvements are also noted, such as fencing, landscaping, swimming pools and car parking facilities.
Many Australians are choosing to renovate over moving house to better meet their changing needs. Renovating is a great way to improve the value of your property, but it doesn’t come without risk. There is no guarantee that the amount you spend on renovations will translate to the same or more increase in your property’s value.
A qualified valuer can ascertain current market value and estimate the post-renovated value based on your plans and specifications. Armed with this information you can make a well-informed decision after comparing your estimated costs with the estimated post-renovation value and help you avoid overcapitalising.
The Compliance Team checks the report to ensure that it meets all regulatory requirements and the instructing party’s specific requirements. The report is submitted to the instructing party within 12 hours of inspection. However, this is contingent upon the complexity of the valuation and availability of comparable sales evidence.
Please note the report can only be provided to the instructing party, which is the lender.
In most cases, a valuation is a valid assessment of your property for 90 days from the date of inspection.
No, the valuer will still have some work to do after the physical inspection, the valuer visits the properties that were sold recently to compare the location, topography, outlook and street appeal. Online databases are resourced for further information and internal photos. Comparable sales are of similar style, on similar size allotments within the same locality. In some instances, sales outside the local area may be analysed if the property is unique.
When the field work and analysis is complete the valuer compiles the report, which incorporates a final valuation figure or range.
Banks need to protect their interests by ensuring the parties they lend money to are able to pay it back. The bank orders an independent valuation as part of their risk management process to ensure that if a loan customer defaults and the property needs to be sold, they can recoup the cost of the loan.
Valuers are legally bound by privacy laws to provide the information requested directly to the instructing party, which in this case is your lending institution. Policies relating to providing the valuation figure to the loan applicant vary from bank to bank. Speak to your bank directly if you wish to receive the valuation figure.
Valuers are unable reproduce reports provided to lending institutions. However, if you would like us to conduct a separate valuation of your property for your own purposes we would be happy to do so at a discounted rate.
Factors that influence the cost of your valuation include the purpose, property type, land size, location and type of report required. The WBP team member quoting you can explain this in the context of your specific requirements. Remember, the cost of the valuation can be tax-deductible for businesses or if the subject property is held for investment purposes.
Yes, please! It’s standard practice in the industry to pre-pay for your valuation at the time of booking. You can pay by EFT or credit card (Visa and MasterCard).
