I'll have tenants moving into my former PPOR tomorrow and I've not had a formal valuation done yet. If I sell the property in the future and incur CGT, I assume that it will only apply to the increase in value from tomorrow. I am just wondering what is an acceptable form of proof of the current value? My bank valued at $700k but that would mean that I am achieving a yield of 4.83% on a large, near new house in Eight Mile Plains, Brisbane. If that were the case, I'd be buying as many as I could afford! My PM has advised that she is a licenced REA and that she will happily provide a market value estimate. Will that be sufficient proof to calculate CGT in the future or should I be engaging a licenced valuer?