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Tips from a Valuer in Rental Determinations

Tips from a Valuer in Rental Determinations

The following discussion provides the main areas of a rent review process:

As a Commercial Property Valuer of some twenty-five (25) years plus, more particularly, a Specialist Retail Valuer, the Commercial Property Determination process, depending of where the parties involved are in relation to experience, can be very daunting. The role and process may be considered as a snapshot as to the main points to consider:

Value of Real Estate Property in 1907 and 2018 – Where is the Comparison?

As one of Melbourne’s leading property valuers, all I can say is, if I had a dollar for every time a consumer asks me this question, I would probably have retired already.

Can you provide me with a valuation – you know I don’t need a report, just an opinion of value, an appraisal, or estimate of value.

The Australian Property Institute (API) has recently reported that the marketplace in general substituted the word “valuation” with other alternative means of appraisal, sale price, estimate, assessment, selling range, opinion.

First Valuation Group Caulfield Prestige Residential Sales Survey

First Valuation Group Caulfield Prestige Residential Sales Survey

Jan – Dec 2017

Address
Land Area m2
Bldg. Area m2
Date
Sale Price
Sale Price/ Bldg. Area m2
Sale Price/ Land Area m2
Photos
33 Labassa Grove, Caulfield North, Vic 3161 892 456.4 7/12/2017 $4,600,000 $10,079 $5,157
58 Rosemont Avenue, Caulfield North, Vic 3161 776 447.1 4/12/2017 $4,850,000 $10,848 $6,250
51 Howitt Road, Caulfield North, Vic 3161 1,091 204.4 6/11/2017 $4,365,000 $21,355 $4,001
10 Pearce Street, Caulfield South, Vic 3162 754 377.4 28/10/2017 $3,050,000 $8,082 $4,045
8 Wootton Grove, Caulfield North, Vic 3161 1,006 503.3 13/10/2017 $7,300,000 $14,504 $7,256
202-212 HawthornRoad, Caulfield North, Vic 3161 1,717 443 26/07/2017 $8,700,000 $19,639 $5,067
18 Howitt Road, Caulfield North, Vic 3161 1,090 N/A 19/06/2017 $4,100,025 N/A $3.761
173 Kooyong Road, Caulfield North, Vic 3161 1,103 477.3 30/05/2017 $4,550,000 $9,533 $4,125
30 Otira Road, Caulfield North, Vic 3161 634 419.4 21/05/2017 $4,100,000 $9,776 $6,467
32 Lumeah Road, Caulfield North, Vic 3161 1,091 480 2/03/2017 $5,300,000 $11,042 $4,858

First Valuation Group Metropolitan Area Prestige Residential Sales Survey

First Valuation Group Metropolitan Area Prestige Residential Sales Survey

Jan – Dec 2017

Address
Land Area m2
Bldg. Area m2
Date
Sale Price
Sale Price/ Bldg. Area m2
Sale Price/Land Area m2
Photos
1 Lisbuoy Court, Toorak, Vic 3142 1,510 330 7/12/2017 $12,400,000 $37,576 $8,212
1 Heymount Close, Toorak, Vic 3142 2,221 424 21/11/2017 $17,600,000 $41,509 $7,924
9 Haverbrack Avenue, Malvern, Vic 3144 1,485 382 2/11/2017 $10,180,000 $26,649 $6,855
7 Kenley Court, Toorak, Vic 3142 855 504 17/08/2017 $15,009,999 $29,782 $17,556
9 Ottawa Road, Toorak, Vic 3142 1,486 398 29/06/2017 $15,000,000 $37,688 $10,094
2 Myvore Court, Toorak, Vic 3142 790 570 17/06/2017 $16,000,000 $28,070 $20,253
7 Dawson Avenue, Brighton, Vic 3186 2,125 370 12/06/2017 $10,900,000 $29,459 $5,129
20 Linlithgow Road, Toorak, Vic 3142 1,270 631 6/06/2017 $12,000,000 $19,017 $9,449
3 Fulham Avenue, South Yarra, Vic 3141 2,243 492 26/05/2017 $11,100,000 $22,561 $4,949
22 Stonnington Place, Toorak, Vic 3142 1,282 922 24/05/2017 $12,300,000 $13,341 $9,554
4 Glendye Court, Toorak, Vic 3142 1,087 469 3/05/2017 $10,000,000 $21,322 $9,200
10 Glyndon Avenue, Brighton, Vic 3186 1,183 710 11/04/2017 $13,200,000 $18,592 $11,158
6 Benson Avenue, Toorak, Vic 3142 650 525 23/03/2017 $10,400,000 $19,810 $16,000
2 Heymount Close, Toorak, Vic 3142 2331 680 20/03/2017 $16,670,000 $24,515 $7,151
15 Maple Grove, Toorak, Vic 3142 1,344 480 7/03/2017 $12,500,000 $26,042 $9,301
9 Hill Street, Toorak, Vic 3142 1,844 631 3/03/2017 $14,680,000 $23,265 $7,961
135-139 Walsh Street, South Yarra, Vic 3141 815 446 28/02/2017 $11,000,000 $24,664 $13,492
32A Hopetoun Road, Toorak, Vic 3142 2,025 372 14/02/2017 $10,950,000 $29,435 $5,407