Valuer in brisbane

Discussion in 'Accounting & Tax' started by J61, 11th Jul, 2018.

Join Australia's most dynamic and respected property investment community
Tags:
  1. J61

    J61 Member

    Joined:
    26th Apr, 2017
    Posts:
    23
    Location:
    Sydney
    Hi, I’m looking to do a standard valuation (hopefully fair and relatively conservative) on a unit in Brisbane. Not seeking anything too detailed. Any recommendations for a valuer in brissie? My google searches showed HTW but keen to know any other suggestions and a small outfit is perfectly fine. Thanks.

    Cheers
    Jay
     
    J61, 11th Jul, 2018
    #1
  2. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,255
    Location:
    Sydney or NSW or Australia
    For what purpose? Mortgage, related party sale? Insurance? Stamp duty?
     
    Scott No Mates, 11th Jul, 2018
    #2
  3. J61

    J61 Member

    Joined:
    26th Apr, 2017
    Posts:
    23
    Location:
    Sydney
    Related party sale
     
    J61, 11th Jul, 2018
    #3
  4. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,020
    Location:
    Brisbane
    We've just had JDMA Valuers do some valuations. You can explain to them the purpose for the valuation.

    With related party sale, you can also get a couple of real estate agents to give you appraisals with comparison sales that must be within a certain time period (three months?)

    It will depend on your circumstances. If there is likely to ever be a question about how fair it was, then a valuer removes any chance of accusations down the track that someone did anything tricky.
     
    wylie, 11th Jul, 2018
    #4
  5. J61

    J61 Member

    Joined:
    26th Apr, 2017
    Posts:
    23
    Location:
    Sydney
    Thanks Wyllie. That is helpful. I probably should have added that although it is related parties, both sides would like a fair price on the exchange.
     
    J61, 11th Jul, 2018
    #5
  6. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,020
    Location:
    Brisbane
    Then I would pay for the valuer. That way there is less chance of any comeback.
     
    wylie, 11th Jul, 2018
    #6
  7. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,555
    Location:
    Sydney
    And OSR need a valuation for arms length assessment of duty :)
     
    Paul@PAS, 12th Jul, 2018
    #7