Compensation Valuations & Advice
Tuesday, October 9th, 2018The State Government has the power under various legislation to reserve and or resume the whole or part of your land for a public work (roads, railways, parks and recreation, bush forever etc.) Under the Land Administration Act 1997 (LAA) and the Planning & Development Act 2005 (PDA) land owners have a right to claim compensation for the reserved land or land taken for the public work.Our licensed valuers have a wealth of experience in providing compensation valuations and or consultancy advice for dispossessed land owners for a broad range of property types. In addition to providing compensation valuations for ...
Read moreValuation clients reviews
Friday, August 3rd, 2018Garmony Property Consultants are very proud of the feedback we have received from our valuation client reviews, who are very satisfied with our property valuation services and knowledge of the Western Australian property market. From retirement village valuations to specialised property ground lease market rent reviews, government asset valuations to expert valuations for litigation purposes, residential developments to commercial offices and everything in between, our licensed valuers have the experience and expertise to undertake most property valuation assessments. Click on the logos below to read the reviews from some of our happy clients or head to our reviews page on ...
Read morePerth Residential Apartment Market Update
Friday, August 3rd, 2018The Perth residential apartment market is set for an extended trough in the property market cycle. A report by WA Business News (WABN) in June 2018 indicated 26 major apartment projects, with greater than 50 apartments per complex. These projects, situated in the Perth CBD and inner suburban localities, are either proposed or under construction, and will produce approximately 4,060 dwellings. WABN stated a further 4 major projects are at planning or approval phase, including 4,500 residential apartments proposed at the Belmont Park precinct, 324 apartments at Iconic Scarborough, 300 residential apartments at EQ West (Elizabeth Quay) and 220 apartments at ...
Read moreMarket Rent Reviews – The Need for expert valuation advice
Monday, July 30th, 2018It is well publicised that the commercial, industrial and retail property market has declined in recent years following a downturn in the Western Australian economy. In these conditions, it is important to obtain expert valuation advice for Market Rent Reviews. The commercial office market has been the hardest hit, with significant reductions in rents and a surplus of offices available for lease, particularly in the fringe CBD and inner suburban locations of Perth. This surplus provides tenants with many opportunities and an ability to negotiate favourable lease terms for new space. Examples have included significant rental abatement’s of between 25%-50% ...
Read moreGarmony Property Consultants National Property Valuation Partnership
Wednesday, June 13th, 2018Garmony Property Consultants is proud to be a member of Oceanic Property Valuations (OPV) who along with its Partner Firms, form one of the few truly independent national property valuation organisations across Australia.
Garmony Property Consultants are the Western Australian partner firm of Oceanic Property Valuations who provide expert property valuation and consultancy advice in Perth and Western Australia from our Licensed Valuers. Oceanic Property Valuations (OPV) are a national property valuation company who operate across Australasia and comprises multi-skilled property valuers and professionals with extensive senior property valuation and consulting experience, which specialises in offering independent and impartial property advice to a private, corporate and ... Read moreStamp Duty and related party transfer valuations
Thursday, April 19th, 2018When a property is being ‘sold’ or transferred to a family member, related party or related entity (superannuation fund transfer or family trust transfer) the Office of State Revenue may require the purchaser to pay Stamp Duty or Transfer Duty. A Transfer duty is a general tax imposed under the Duties Act 2008 (‘Duties Act’) on dutiable transactions over dutiable property (whether documented or not) including transfers of real estate and certain business assets. A Stamp Duty Valuation will be required. An independent property valuation by a licensed valuer of the property is required before an assessment is issued, when a dutiable transaction is between related parties, or the parties are ...
Read moreHas the Perth property market reached the bottom of the cycle?
Friday, January 12th, 2018The Perth property market continues to experience subdued market conditions across most market sectors however the industry reports there appears to be more activity in the market place however no change in values. The latest Perth median house price report from the Real Estate Institute of Western Australia (REIWA) as at the 8 January 2018 indicates “Perth’s median house price was resilient in December, remaining unchanged at $525,000.” The Australian Newspaper reported on the 10 January 2018 “housing price growth is likely to reach a trough in the June quarter of this year and then pick up again, according to ...
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