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

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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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 ...

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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, ...

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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 ...

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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 ...

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Land Tax increases hurt land owners

Monday, November 9th, 2015

On 24 September 2015 The Land Tax Amendment Bill 2015 was passed by the Parliament and received the Royal Assent as the Land Tax Amendment Act 2015. Changes from the old Land Tax Act 2002 to the new Land Tax Amendment Act 2015 that affect the assessment of land tax as of the 2015-16 assessment year include: the introduction of a flat minimum land tax rate of $300 for taxpayers who hold land with a taxable value between $300,000 and $420,000; changes to the thresholds at which rates change; and increases of all rates except the top marginal rate of land tax. Based on our review of ...

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Residential property market declines

Thursday, October 8th, 2015

The Perth residential property market is in a decline phase with the median house price falling from $550,000 in March 2015 to $540,000 in June 2015 according to Real Estate Institute of Western Australia (REIWA). Our enquiries to residential real estate agents within the Perth metropolitan area are indicating reduced interest in properties listed on the market for sale, properties are taking longer to sell and there are is increased number of property listed on the market. The latest REIWA Statistics for the first week in October 2015 are indicating there are 15,198 properties listed on the market for sale ...

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