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

Posted on Monday, September 4th, 2017 in by Matt Garmony


The valuation process is a detailed systematic procedure a licensed valuer follows to determine the market value or market rental value of a property.


Steps involved in valuation process are as follows:

  • Written Instructions are required from client to comply with the Department of Mines, Industry Regulation & Safety (Formally the Department of Commerce) requirements which need to include the name of the instructing party, the property address, the purpose the valuation is required and date of valuation.
    The Pre-inspection process involves researching relevant property information including zoning and services information and title information. Comparable sales and or rental evidence is also compiled.
    Our Property Inspection involves a detailed internal and external examination of the built improvements, and the physical characteristics of the land. An assessment of the neighbourhood’s characteristics and analysis of similar properties in the locality, which have sold or have been leased around the valuation date is undertaken.

    Analysis of the Property Market is a key part of the valuation process

  • The next part of the valuation process is to analyse the market conditions relevant to the valuation date, including the level of real estate activity, local and global economic, and financial conditions, consumer and business confidence and government and social factors which may influence values and the levels of supply and demand to determine the effect on the value of the site.
    The Market Value may be assessed on several different valuation principles and methodologies taking the market conditions and the type of property into account.

    Valuation Reporting

  • We then compile the research, our analysis and assessment into a detailed Report explaining and justifying Market Value adopted.
    All our valuations are carried out by Licensed, Certified Practising Valuers who are all members of the Australian Property Institute (API).
    Our Licensed Valuers must also complete a Continuing Professional Development (CPD) program to maintain their Certified Practising Valuer status with the API. All Licensed Valuers at Garmony Property Consultants, are Certified Practising Valuers and regularly attend CPD programs to further and refresh their knowledge of the property industry.

Please contact Matt Garmony to discuss how we can assist you or your clients with your valuation requirements or alternatively use our On-Line Quote to obtain a free no-obligation quote for us to value your property.