Unit & Apartment Valuations

Unit & Apartment Valuation Services 

• Current Unit & Apartment Valuations

• Retrospective Property Valuations

• Capital Gains Tax Valuations

• Deceased Estate & Probate Valuations

• Family Law & Property Settlement Valuations

• Stamp Duty & Property Transfer Valuations

• SMSF Property Valuations

• Pre-Purchase & Private Valuations

Frequently Asked Questions 

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

The cost of a unit or apartment valuation depends on the property, location, purpose of the valuation and 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 an apartment valuation and a real estate agent appraisal?

An apartment 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 likely selling price and is commonly prepared in connection with marketing or listing a property.

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

How is the market value of an apartment determined?

Apartment values are generally assessed through comparison with relevant sales, particularly transactions within the same building, development or competing apartment complexes.

Consideration is given to differences in floor area, floor level, aspect, views, condition, accommodation, balconies, car parking, storage, building facilities and other characteristics that may influence market value.

What does a property valuer look at when valuing an apartment?

A property valuer considers both the individual apartment and its position within the wider development.

Relevant factors may include internal floor area, layout, bedrooms and bathrooms, condition, renovations, floor level, aspect, views, balcony areas, car accommodation, storage, building age and quality, common facilities, location and relevant comparable sales.

Do floor level and views affect an apartment's value?

They can. Within the same apartment building, otherwise similar units can achieve different prices because of their floor level, aspect, outlook, views, privacy and exposure to noise.

The significance of these factors varies between developments and locations and is considered alongside available sales evidence.

Are sales within the same apartment building the best comparable evidence?

Sales within the same building can provide particularly useful evidence because they may share similar location, construction, facilities and body corporate characteristics.

However, they are not automatically the best evidence. A valuer will consider differences between individual apartments and may also analyse sales within comparable nearby developments where appropriate.

Does car parking or storage affect an apartment valuation?

Yes. The availability, number, type and utility of car spaces and storage areas can influence apartment values, particularly in inner-city, high-density and prestige markets.

Their contribution to value depends on the property, location, development and available market evidence rather than simply applying a standard amount.

Do you inspect the unit or apartment as part of the valuation?

For most current unit and apartment valuations, a physical inspection is undertaken to assess the property's accommodation, condition, layout, finishes, views, aspect and other relevant characteristics.

Desktop valuations may be appropriate for certain assignments depending on the purpose of the valuation and the information available.

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

Yes. Woods Valuation Services provides retrospective unit and apartment valuations where market value is required as at an earlier date.

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

What can a unit or apartment valuation be used for?

Independent valuations may be required for 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 and valuation date should be established before the assessment is undertaken so the report can be prepared on the appropriate basis.

Do you value prestige and high-rise apartments?

Yes. Woods Valuation Services provides valuations for a broad range of apartments, from standard residential units through to larger, high-rise and prestige apartments.

Higher-value apartments can require more detailed consideration of factors such as views, floor level, aspect, size, configuration, building quality, facilities and the availability of genuinely comparable sales.

What areas do you provide unit and apartment valuations in?

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

This includes Brisbane's inner-city and suburban apartment markets, as well as high-rise, coastal and residential apartment markets throughout the Gold Coast.

Why choose Woods Valuation Services for an apartment 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 considered specifically in the context of the property, development and purpose of the assignment.