If yours is not below, ask a real valuer and somebody who signs reports answers.
A 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 fixes two things, not one: which sales count as evidence, and which version of the property is being described. On a Torquay property that has been lived in and added to for years, the second matters as much as the first.
An appraisal is a free, unsigned selling estimate given while an agent competes for the listing, and it is always about the property as it stands today. A valuation is independent of any sale, effective as at a stated date, evidenced by settled sales and signed. Most Torquay owners who need a figure are not selling and are asking about a day that has already passed.
In Victoria, a valuer with the professional qualification and standing to have their opinion relied on. Their name and credentials appear on the report, which is exactly what allows a third party to act on it.
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 valuer whose opinion it is, named with their qualification. Not the evidence engine that gathered the sales, and nobody signing in their stead..
No. Nothing in it is signed, so there is no independent opinion for an auditor, an accountant or a revenue office to stand on, and it reads the property as it stands rather than as it stood. Use it to decide, not to report. On timing: a signed desktop report usually goes out the same day, and an Automated Market Assessment the next business day.
It is effective as at its date rather than open-endedly. Where the recipient applies a currency period, that period governs, and your adviser will know which. A large share of the Torquay work we do is written to a day years back, where currency is not the question and the state of the property on that day is.
Yes. $169 for signed desktop reports, $79 for Automated Market Assessments.
An advertised price is a marketing position, often a range set to attract interest. A valuation reports settled evidence. A Torquay campaign will also lean on everything the property has become, whereas a valuation reports what it was on the day it has been asked about.
A signed desktop report is usually ready the same business day. An inspected report waits on access, and where the valuer also has to establish what was added and when, that conversation with the owner is the step worth allowing time for. An Automated Market Assessment arrives the next business day.
No. Surf Coast Shire rates on a capital improved value the Valuer-General sets for every property at 1 January each year. It is a mass valuation for sharing out rates across the shire, made without looking inside your house, and by the time the notice arrives that date can be months behind you. A valuation covers the whole property, as it actually is, at the date you need.