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:

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Latest Property News Blog Posts

Has the Perth property market reached the bottom of the cycle?

Friday, January 12th, 2018

The 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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Insurance Valuations

Monday, December 18th, 2017

Have you considered reviewing the insurance replacement value of your property asset? Our experienced Licensed Valuers will be able to assess the recommended insurable value based on current construction costs, professional fees, demolition costs and building cost escalations so when your next building insurance renewal is due, you will know if you have your asset adequately insured and not over insured potentially resulting in higher insurance premiums. Our valuers are experienced in assessing the recommended insurable value for single residential houses, walk-up strata titled apartment and villa units, single and two level commercial buildings, industrial premises and some specialised property ...

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Merry Christmas & Happy New Year

Friday, December 15th, 2017

The Licensed Valuers and team at Garmony Property Consultants would like to wish you a Merry Christmas and an Happy New Year.  Our office will close for the Christmas break from 5pm Thursday 21 December 2017 and will re-open on Wednesday 3 January 2018 at 8.30am. Any valuation enquiries over this time period will be attended to upon our return so email your quote requests or queries to valuations@garmony.com.au or vist our Online Quote page by clicking here. In the interest of the environment, we have chosen not to send out traditional paper Christmas Cards, and have chosen to support the Perth ...

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Consumer Price Index – CPI and rent reviews

Friday, December 1st, 2017

CPI or the Consumer Price Index is results of data collected by the Australian Bureau of Statistics (ABS) which is a measure in percentage terms of the change in the costs of living, being the weighted average cost of a standard basket of retail goods and services expressed in relation to a base period. The Consumer Price Index (CPI) as described by the ABS “measures quarterly changes in the price of a ‘basket’ of goods and services which account for a high proportion of expenditure by the CPI population group (i.e. metropolitan households)”. This ‘basket’ covers a wide range of ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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