Question missing from the list? ask a real valuer and a valuer picks it up.
A valuer's signed opinion of what a property was worth on one nominated day, with the comparable sales and the reasoning set out beneath it. The day is chosen to suit the question being answered, which is why a report written for one purpose does not automatically settle another.
An appraisal is a free selling estimate, offered while an agent is competing for the listing, and nobody puts a name to it. A valuation is independent of any sale, effective as at a stated date, evidenced by settled sales and signed. In a market that moves as fast as Mascot, only one of the two is still worth anything a year later.
In New South Wales, a valuer with the professional qualification and standing to have their opinion relied on. Their name and credentials appear on the report, which is exactly what allows a third party to act on it.
Yes. A valuer independent of your fund prepares and signs it, SISR 8.02B is the standard it is written to, and the comparable sales are attached rather than summarised, so an auditor can follow the figure back to its evidence.
The valuer who reached the opinion, named on the report with their qualification. Not the model that gathered the evidence, and nobody signing on their behalf. That name is what lets somebody act on a Mascot figure years after it was prepared..
No. It carries no signature, so there is no independent opinion in it for an auditor, an accountant or a revenue office to rely on. It is for deciding. On timing: a signed desktop report usually goes out the same day, and an Automated Market Assessment arrives the next business day.
It is effective as at its date rather than open-endedly. Where the organisation receiving it applies a currency period, that period governs, and your adviser will know which. A fair share of the Mascot work we do is written to a date already behind us, where currency is not the question being asked at all.
Yes. $169 for signed desktop reports, $79 for Automated Market Assessments.
An advertised price is a marketing position, often a range set to draw interest. A valuation reports settled evidence. In a market that has moved as fast as Mascot's, an advertising range can also be describing a moment that has already passed, while a valuation names its date and stands on the sales that had settled by it.
A signed desktop report is usually ready the same business day. An inspected report waits on access, and with more than half of Mascot tenanted that is generally the step that sets the timeline. An Automated Market Assessment arrives the next business day.
No. A rates notice generally carries a land value, the ground alone with nothing built on it, struck for rating at a date the council chose rather than the one you need. A valuation covers the whole property at your date. Two different questions, and the answers rarely line up.