Replacement cost/value

Discussion in 'Commercial Property' started by FXD, 29th Jun, 2021.

Join Australia's most dynamic and respected property investment community
Tags:
  1. FXD

    FXD Well-Known Member

    Joined:
    30th Aug, 2018
    Posts:
    290
    Location:
    Melbourne, Victoria
    Hi experts, does anyone know who in Vic can assess accurate replacement cost/value for commercial
    property? Have discussed the requirement with BMT but it doesn't provide report on replacement cost/value, which I need for insurance purpose. Is the depreciation schedule Div 43 amount good
    enough in general? THanks.
     
    FXD, 29th Jun, 2021
    #1
  2. Ruby Tuesday

    Ruby Tuesday Well-Known Member

    Joined:
    8th Mar, 2021
    Posts:
    1,489
    Location:
    Danistan
    Herron Todd White.
     
    Ruby Tuesday, 29th Jun, 2021
    #2
    FXD likes this.
  3. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,252
    Location:
    Sydney or NSW or Australia
    I use a valuer across the portfolio every 3-5 years for this purpose.
     
    Scott No Mates, 1st Jul, 2021
    #3
    FXD likes this.
  4. FXD

    FXD Well-Known Member

    Joined:
    30th Aug, 2018
    Posts:
    290
    Location:
    Melbourne, Victoria
    Thanks Scott. How are the fees like? Also, in general can valuer do similar estimate report for pre purchase purpose??
     
    FXD, 2nd Jul, 2021
    #4
  5. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,252
    Location:
    Sydney or NSW or Australia
    No reason why they can't, provided you can get adequate information for the valuer.
     
    Scott No Mates, 5th Jul, 2021
    #5
Client Directed Portfolio Super your way

We provide our clients with the opportunity to select their own investments from a wide range of ASX listed securities. We provide the research to ensure your selections will achieve the goals. This is the value of advice.