Valuing Strata lots and difficulties encountered
Wednesday, July 1st, 2015Below is a summary of a presentation that Matt Garmony, Licensed Valuer and Managing Director of Garmony Property Consultants, gave to the Bachelor of Commerce – Property students at Curtin University in March 2015. The presentation provided the property students with an overview of Strata titled properties, Unit Entitlements, valuing strata lots and issues we have identified for strata titled properties into the future. Should you have any questions in relation to strata titled properties and the valuation process, our licensed valuers will be more than willing to assist. VALUING STRATA LOTS AND DIFFICULTIES ENCOUNTERED 2015.PDF
Read moreInsurance Valuations – Important Information
Wednesday, December 11th, 2013Maintaining a current assessment of the Insurance Replacement Value of Strata Titled complexes is important, particularly with the building construction costs escalations in recent years. In addition to building replacement costs, consideration needs to be given to changes in Town Planning Schemes and Zoning, particularly if the current zoning does not support or prohibits the replacement of the whole of the existing strata development. This is more essential within older suburbs where councils have made changes to their local Town Planning Schemes since buildings where originally constructed. Strata Complexes and their owners may be under insured and in risk of ...
Read moreValuations for Self-Managed Superannuation Funds
Wednesday, October 2nd, 2013Asset Valuations are a key component in preparing meaningful self-managed super fund (SMSF) financial reports. These have an impact on the returns for members and ultimately self-managed super funds sector performance as a whole. The valuations are also required to confirm that your self-managed super fund has complied with relevant super law for: Preparing the financial accounts and statements of the fund; Acquiring assets between SMSF’S and related parties; Investments made and maintained on an arm’s length basis; Disposing of certain collectables and personal use assets to a related party of the fund determining the market value of a SMSF in house assets as ...
Read moreHow to become a Licensed Valuer in Perth WA
Tuesday, March 1st, 2011Licensed valuers in Perth and Western Australia are experienced property professionals, licensed under the Land Valuers Licensing Act of 1978 and governed by the Land Valuers Licensing Board. Each Licensed Valuer is issued with a Land Valuers License which has to be renewed every 3 years. A person who wishes to practice as a licensed property valuer in Perth and WA must undergo significant theoretical and practical training before being considered to sit for their Land Valuers License. The intending valuer must complete a 3 to 4 year Bachelor of Commerce, university degree at Curtin University of Technology, majoring in Property. ...
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