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

We provide regular property related news blogs to keep our clients informed of what effect important economic, financial and business events and reports will have of the Perth and Western Australian property market.If you wish to receive our regular blogs:

fb Follow us on Facebook

Latest Property News Blog Posts

Taxation Valuations

Wednesday, October 25th, 2017

The licensed property valuers at Garmony Property Consultants undertake numerous Taxation Valuations on real property for taxation purposes including Capital Gains Tax or CGT. Your family home or principal place of residence is generally exempt from tax. But investment properties or if you build or renovate for profit,  subdivide land or use property in running a business, then there may be implications for Income Tax, Capital Gains Tax and Goods and Services Tax for your real property assets. You may need a Taxation Valuation. When a capital asset such as real estate is sold, it generally makes a capital gain or ...

Read more

No short term growth in the Perth Property Market

Monday, October 2nd, 2017

The Perth property market is currently experiencing subdued conditions across most market sectors with our analysis indicating that it is unlikely there will be no growth in the short to medium term. Reports from the Real Estate Institute of Western Australia (REIWA) as at 18 September 2017 indicate a continued decline in the medium house price for Perth homes and Perth unit sales. REIWA’s data reveals Perth Property Market’s medium house price has dropped from $549,000 in the June quarter of 2015 to $510,000 in the June quarter of 2017 representing a 7.1% drop over the last three years. Similarly ...

Read more

Property Compensation Valuations for Compulsory Acquisitions by Government – Manning Road Como

Wednesday, September 13th, 2017

Main Roads Kwinana Freeway Southbound On-ramp from Manning Road requires additional land for road widening. The Main Roads of Western Australia has announced the long awaited Manning Road Kwinana Freeway On-ramp will be constructed after $35 million of State and Federal Government funding was announced earlier this year. Although the project will improve traffic congestion on Manning Road and the Canning Bridge/Kwinana Freeway interchanges, additional land from private properties will be required for the project. We understand Main Roads has already contacted some of the land owners to negotiate the purchase of the whole or part of those properties that are ...

Read more

Garmony’s welcome Licensed Valuer, Peter Murphy to their valuation team

Thursday, September 7th, 2017

Licensed Valuer Peter Murphy joins the Garmony Property Consultants specialist property valuation team. Managing Director and Licensed Valuer, Matt Garmony is pleased to welcome Peter Murphy to his valuation team for commercial, industrial and specialist property type valuations and consultancy services. Peter’s 30 plus years experience in the valuation and real estate industry in Perth & Western Australia, will compliment the licensed valuers at Garmony Property Consultants. He has provided valuation advice to a broad range of clients including corporate and financial institutions, government agencies and private individuals. Over the past 10 years, Peter has been involved in valuations across a broad ...

Read more

What is involved in the Property Valuation Process?

Monday, September 4th, 2017

  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 ...

Read more

Expert Family Law Valuations

Thursday, August 31st, 2017

Garmony Property Consultants are proud to be an exhibitor at this years Family Law Practitioners’ Association of Western Australia Conference on Saturday 9 September 2017. For those who are attending, please visit us and chat about our experience in providing Expert Family Law Valuations. Our Licensed Valuers and Property Consultants are specialists in providing valuations for matrimonial disputes and the Family Court of Western Australia for Residential, Commercial & Industrial property types. We can tailor our valuation reports providing shorter reports for amicable meditations, whereby the parties are in agreement and just need an independent assessment of the market value. We can also provide ...

Read more

Council Rates and Gross Rental Value Objections

Tuesday, July 25th, 2017

Council Rate increases for development sites It is now the time of the year that Local Government Council Rates notices are being delivered to land owners who often question the amount of Rates that are required to be paid. In most circumstances, commercial property land owners pass the cost onto the tenants, who then dispute the amount of rates to be paid. 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 person liable to pay any rate or tax ...

Read more

Perth’s subdued property market set to continue

Friday, July 8th, 2016

The Perth residential property market continues in a decline phase with Core Logic RP data reporting “Housing market conditions in Perth are suffering from reduced housing demand resulting from a sharp downturn in migration and weaker employment opportunities” and “Rental Rates have also fallen substantially, highlighting lower housing demand is not confined to home buyers but also renters.” Our enquiries to residential real estate agents within the Perth metropolitan area are indicating buyers are continuing to be cautious with many hesitant to make offers on properties listed on the market for sale and therefore properties are taking longer to sell, ...

Read more

Expert Family Law Valuations

Saturday, April 30th, 2016

Garmony Property Consultants are one of Perth’s leading independent Licensed Valuers and Property Consultant firms specialising in valuations for Family Law for Residential, Commercial & Industrial property types. The Licensed, Certified Practicing Valuers at Garmony Property Consultants, have a combined experience in the real estate and property industry of over 70 years and has been established since 1984. Our Valuers have extensive experience in a broad range of property related valuation matters across a wide range of commercial, industrial, residential and specialist property types for real estate valuations and property consultancy situations in Perth and Regional locations in Western Australia. We prepare numerous ...

Read more

LANDLORDS NEED TO MEET THE MARKET

Friday, March 4th, 2016

The Perth property market is currently experiencing declining rental market conditions across most market sectors. Therefore it is important for landlords to be astute and proactive when their tenant’s leases are coming up for market rent reviews and or lease renewal and option periods in their investment properties. Given the current conditions it is likely that most rental rates will experience a rental reduction (provided they were historically at market levels) and therefore landlords need to ‘meet the market’ in order to keep tenants in their investment properties. This rental reduction or incentive for the tenant to renew or extend ...

Read more