House Valuations

House Valuation Services 

• Current House Valuations

• Retrospective House Valuations

• Capital Gains Tax Valuations

• Deceased Estate & Probate Valuations

• Family Law & Property Settlement Valuations

• Stamp Duty & Property Transfer Valuations

• SMSF Property Valuations

Frequently Asked Questions 

How much does a house valuation cost in Brisbane or the Gold Coast?

The cost of a house valuation depends on the type and location of the property, the purpose of the valuation and the level of reporting required.

Woods Valuation Services provides a fixed-fee quotation before commencing the valuation, so you know the cost upfront. Simply provide the property address and reason for requiring the valuation and we can confirm the appropriate scope and fee.

What is the difference between a house valuation and a real estate agent appraisal?

A house valuation is an independent assessment of market value prepared by a qualified property valuer using relevant property information, comparable sales and market evidence.

A real estate agent appraisal generally provides an estimate of the property's likely selling price and is commonly prepared in connection with a potential sale or listing.

For taxation, legal, financial and other formal purposes, an independent valuation prepared by a qualified property valuer may be required rather than an agent appraisal.

What does a property valuer look at when valuing a house?

A property valuer considers the characteristics of the land and improvements together with relevant market evidence. This may include the property's location, land area, zoning, dwelling size, age, accommodation, condition, renovations, ancillary improvements, views, aspect and other factors that may influence value.

The property is then compared with relevant sales, with appropriate consideration given to differences between those properties and the subject property in determining market value.

How is the market value of my house determined?

Market value is determined through analysis of the property and relevant market evidence rather than simply applying a suburb median price or automated estimate.

For most houses, the Direct Comparison Approach is the primary valuation method. Recent sales of comparable properties are analysed and adjusted for differences in location, land, dwelling, accommodation, condition, improvements and other value-influencing characteristics.

Do you inspect the property as part of a house valuation?

For most current house valuations, a physical inspection is undertaken to assess the property, including the land, dwelling, accommodation, condition and relevant improvements.

Desktop valuations may be appropriate for certain assignments where a physical inspection is not required or practical. We can advise on the appropriate valuation approach after considering the purpose of the assessment.

How long does a house valuation take?

Turnaround times depend on the property, location and purpose of the valuation. For most standard residential assignments, the expected timeframe will be confirmed when we provide your quotation.

If you are working to a particular taxation, legal or settlement deadline, please let us know when requesting a quote.

Can you provide a retrospective house valuation for a previous date?

Yes. Woods Valuation Services provides retrospective house valuations where the market value of a property is required as at an earlier date.

Retrospective valuations are commonly required for Capital Gains Tax, deceased estates, historical property transfers and other taxation or legal purposes. The assessment is based on property and market evidence relevant to the specified valuation date.

What information do I need to provide for a house valuation?

Generally, we require the property address, the purpose of the valuation and the date at which the property is to be valued.

Depending on the assignment, we may also request information such as building plans, renovation details, leases, previous valuation reports, contracts or other documents relevant to the property and purpose of the valuation.

What types of houses and residential properties can you value?

Woods Valuation Services provides valuations for a broad range of residential properties, including houses, townhouses, units and apartments, acreage residences, investment properties and other residential property types.

The appropriate scope and valuation methodology will depend on the particular property and purpose of the assessment.

What can a house valuation be used for?

Independent house valuations may be required for a variety of purposes, including Capital Gains Tax, deceased estates and probate, family law and property settlements, stamp duty and property transfers, SMSF reporting, financial reporting and private decision-making.

The purpose of the valuation should be established before the assessment is undertaken so the report can be prepared on the appropriate basis.

What areas do you provide house valuations in?

Woods Valuation Services provides independent house and residential property valuations throughout Brisbane, the Gold Coast and surrounding areas of South-East Queensland.

Our service area includes Brisbane City and surrounding suburbs, Ipswich, Logan, Redlands, Moreton Bay and the Gold Coast. If you're unsure whether we cover your property location, contact us with the address and we can confirm availability.

Why choose Woods Valuation Services for a house valuation?

Every valuation is prepared directly by Ryan Woods, Certified Practising Valuer (AAPI) and Queensland Registered Valuer, with more than 15 years of property valuation experience.

You'll deal directly with the valuer responsible for your assessment, from initial enquiry through to completion of the report. Each valuation is independently prepared using relevant market evidence and tailored to the property and purpose of the assignment.