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

Proud supporter of the Rotary Car Show 2019

Tuesday, August 13th, 2019

Garmony Property Consultants, Licensed Valuers, are again proud to be supporters of the 2019 Rotary Club of Como, 8th Classic Car Show. Get on down to Wesley College in South Perth on Sunday 6th October from 10am to enjoy the brilliant display of classic cars. All net proceeds support the Rotary Club of Como and Wesley College charities. You may wish to display one of your own classic cars. For more information go to http://comorotarycarshow.com/ Rotary Club of Como Classic Car Show 2019

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Perth Subdued Residential Market Update – Valuers Perspective

Friday, August 2nd, 2019

Our Perth based property valuers continue to report subdued market conditions in the residential valuations they undertake.  The Perth residential property market continues its long term slump. The median house price has fallen from $540,000 in June 2015 to $490,000 in June 2019 according to REIWA’s statistics. Sales volumes have also declined from 7116 homes to 4284 homes over the same period. WA Business News reported on 1 August 2019 that “Perth’s house price woes have worsened further, after it recorded the sharpest decline in median price of all Australian capital cities in June.” These subdued residential property market conditions in Perth ...

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COUNCIL RATES & GROSS RENTAL VALUE OBJECTIONS

Friday, August 2nd, 2019

July & August is when the Local Councils and Shires send out their annual Rates Notices. Landowners often question the amount of Council Rates that are required to be paid. In most circumstances, commercial property landowners pass the cost onto the tenants, who then dispute the amount of rates to be paid. Only the Gross Rental Value or GRV can be objected to. Not the rate in the dollar. 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 ...

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Unimproved Value objection for Land Tax purposes

Tuesday, July 23rd, 2019

It is now the time of the year that Department of Finance – Office of State Revenue’s Land Tax notices are being delivered to landowners. Landowners often question the amount of Rates that are required to be paid. In most circumstances, commercial property landowners pass the cost of Land Tax onto tenants, who then dispute the amount of rates to be paid. Only the Unimproved Value or UV can be objected to. Not the rate in the dollar. This requires a Unimproved Value objection for Land Tax purposes. Land Tax is an annual tax, based on a rate in the dollar ...

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Market Rental Valuation Reports – What should they include

Monday, July 22nd, 2019

The Licensed Valuers at Garmony Property Consultants prepare detailed Market Rental Valuation Reports for Market Rent Reviews. So what do our reports include? Our valuation reports need to meet the strict guidelines and standards of the Australian Property Institute (API). It also needs to comply with the Code of Conduct for Expert Witnesses and in Australian Courts or Tribunals.  The reader of the valuation report needs to obtain a clear understanding of the property, its location and its legal description. In some circumstances, the reader may be a judge, magistrate or mediator who has never visited the Property or Premises. So ...

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Certified Practising Valuers

Thursday, June 13th, 2019

A Certified Practising Valuer is Valuer meeting the requirements for Certified Practising Valuer as defined by the  Australian Property Institute (API). All Licensed Valuers employed by Garmony Property Consultants are Certified Practising Valuers. The API’s description and definition of a Certified Practising Valuer is as follows; Certified Practising Valuer is a person who, by education, training and experience is qualified to perform a valuation of real property in an objective and independent manner to help reduce risk and provide greater certainty for their clients. Certified Practising Valuers, who are accredited with the API, are industry professionals, the most highly qualified and recognised ...

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Church & Charitable Institution Valuations

Tuesday, May 7th, 2019

Valuations of churches and other buildings owned by charitable or not for profit organisations are just some of the specialist properties our Licensed Valuers undertake on a regular basis. Historically, churches were located in residential areas. They often included halls and a manse/rectory/parsonage/vicarage (house attached to the church) depending which religion the church was. However obtaining approvals to build a church in a residential area is now more difficult due to noise and parking problems. We are now seeing churches being constructed in commercial and industrial locations. Some of these churches are multi-leveled, multi-use buildings with large auditoriums, class rooms, ...

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Market Rent Reviews for Retail Shops in Perth

Friday, April 26th, 2019

It is important to obtain expert valuation advice from a licensed valuer for Market Rent Reviews particularly for Retail premises. The Commercial Tenancy (Retail Shops) Agreement Act 1985 has provisions to assist tenants, particularly in the Market Rent Review process. The requirement for disclosure statements, minimum 5 year tenancies, no ‘Ratchet’ clauses and single rent review methods are just some of the few provisions the Retail Shops Act has to assists retail tenants. With the showroom and retail market rental values falling over the past few years, it is important for landlords and tenants to obtain accurate rental valuation advice ...

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35 Years of Property Valuation Advice in Perth

Friday, March 29th, 2019

2019 marks 35 years of providing expert Valuation and Property Consultancy advice in Perth and Western Australia for the Licensed Valuers at Garmony Property Consultants. Established in 1984, initially as John Garmony & Associates, the property valuation company immediately became one of Perth’s first and foremost independent property valuation & consultancy firms. In 2006, the company changed it’s name to Garmony Property Consultants with Licensed Valuer, Matt Garmony, taking over as Managing Director. Since 1984, the company’s licensed valuers at have acted in a wide range of property valuation consulting situations on numerous property types throughout Perth & Western Australia. For 35 years, ...

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Retirement Village Valuers – Transferable Leasehold Valuations

Thursday, March 28th, 2019

A valuation of a Transferable Leasehold Interest of an Independent Living Unit (ILU) at a retirement village is different to valuing a standard home or strata titled unit. The Licensed Valuers at Garmony Property Consultants have been undertaking Transferable Leasehold Interest Valuations since the late 1980’s in the greater Perth Metropolitan Area, South West and Great Southern areas of Western Australia. The main difference with a valuation of an Independent Living Unit with a ‘Lease for Life’ compared to a strata title unit, is that with a ILU, you do not actually own the land and buildings. You only have a ...

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