Licensed Valuers & Property Valuation Consultants, Perth, Western Australia
Independent licensed valuers & Property valuation consultants
Established 1984 | Expert Valuation Advice | Licensed Valuers

Unimproved Value Objections for Unimproved Site Value

Thursday, March 24th, 2022

The Licensed Valuers at Garmony Property Consultants undertake numerous Valuations for the objection of the assessed Unimproved Value which is the basis for Land Tax assessments in Western Australia. If, following our valuation investigation it is decided an objection is warranted, our Licensed Valuers can submit the prescribed objection form as your “Agent” and liaise with the Valuer Generals Office throughout the objection process. Land Tax is an annual tax, based on a rate in the dollar of the Unimproved Value (UV) of the land, assessed by the Valuer Generals Office at Landgate.  Under the Valuation of Land Act 1978, “Any ...

Read more

Development Site Feasibility Analysis

Thursday, February 24th, 2022

Our licensed valuers and property valuation consultants often assist clients with development site feasibility analysis to determine what a potential purchaser could afford to pay for a site that has development potential.  The property valuer’s feasibility analysis can also determine if a project is economically viable. The valuers analyse and interpret the market sales evidence, review other consultants town planning and engineering cost advice and prepare a Hypothetical analysis or Discounted Cash Flow approach to determine the highest and best use Market Value.  This method of analysis, along with the comparable sales method, provides owners or potential purchasers with an accurate, ...

Read more

Objecting to the Gross Rental Value Assessment

Monday, July 27th, 2020

1 July 2020 will be the effective date for the updated Gross Rental Values used by Local Councils to assess their Council Rates. These Council Rates will be based on the latest Gross Rental Value assessment or GRV by the Valuer General with the Date of Valuation being 1 August 2018. This is the first re-assessment of the GRV since the previous date of assessment in 2015 when the rental market across all property sectors was stronger. We are expecting Landowners and their Tenants will be questioning if the latest assessments are correct and if it is worthwhile objecting to ...

Read more

Pre-purchase & Pre-sale Valuations

Tuesday, September 17th, 2019

The Licensed Valuers at Garmony Property Consultants undertake numerous pre-purchase and pre-sale valuations for a wide variety of property types. Purchasers, who are unsure of how much to offer on a property that is on the market ‘for sale’, often want an independent, unbiased and justified opinion on the market value.  Sellers, who may have a unique property or have had had conflicting appraisals from local real estate agents, or are acting as an executive of an estate, often request us to provide pre-sale valuations for an independent, unbiased and justified opinion of the market value. A pre-purchase or pre-sale ...

Read more

COUNCIL RATES & GROSS RENTAL VALUE OBJECTIONS

Friday, August 2nd, 2019

July & August is when the Local Councils and Shires send out their annual Rates Notices. Landowners often question the amount of Council Rates that are required to be paid. In most circumstances, commercial property landowners pass the cost onto the tenants, who then dispute the amount of rates to be paid. Only the Gross Rental Value or GRV can be objected to. Not the rate in the dollar. Council Rates are based on a rate in the dollar of the Gross Rental Value (GRV) assessed by the Valuer Generals Office at Landgate.  Under the Valuation of Land Act 1978, “Any ...

Read more