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Valuation Questions

Discussion in 'General Property Chat' started by Realist35, 10th Jan, 2017.

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  1. Beano

    Beano Well-Known Member

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    Yes the commercial property information is pretty hard to obtain ...what i see is what is reported in the newspaper
    For the tenanted (leasehold) land sales prices I know suspect out of all the PC investors I would be lucky to get a dozen PC who own lessors interest (please prove me wrong )
    While reported sales I suspect out of all the PC investors there will be less than 100 sales known to them (excluding valuers database of course )...yes for people like me I still need to spend $5k to obtain comparative sales
     
  2. dabbler

    dabbler Well-Known Member

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    I thought you were going to say brick always looks just like a brick outhouse....lol

    I think those that have been in QLD for a long time will be fond of timber highsets. I do not mind them, as long as you do the maintenance whitecat :)
     
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  3. Agent30yrs.

    Agent30yrs. Well-Known Member

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    They do and it makes sense. Just as every house has its own quirks, every transaction/negotiation has its own story
     
  4. Angel

    Angel Well-Known Member

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    @Whitecat I agree too . I thought that the basic wooden houses that don't have any character features are a dime a dozen.

    The OP here isn't going to be raising or sliding his very first Reno though.:)
     
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  5. Whitecat

    Whitecat Well-Known Member

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    Not now but he doesn't want to cut off his options later.
     
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  6. tobe

    tobe Well-Known Member

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    1. Yes. It's more about postcode/suburb than square metres.
    2. No nothing to do with average growth. Comparable means comparable in time. No allowance made for recent sales that weren't as recent.
    3. the valuer would only use properties with the same number of bedrooms in their comparables.
    4.
    5.
    6. They might use a comparable without a lug or a carport instead. This might be one factor why they deem it superior, or inferior. There's no percentage of value to these sorts of things.
    7. Residential valuers can't value for future use, so having more land to potentially subdivide won't necessarily add more value. That said bigger blocks are more likely to have higher sale prices so their comparables might be higher than smaller ones.