Retrospective Valuations

Retrospective Valuation

In most situations, a property valuation report is conducted at current market value with the most recent comparable sales and market trends being analysed to determine the fair market value as at the date of valuation. However, it is not uncommon for a client to require a property valuation report for a date since passed. This is known as a retrospective property valuation report.

A Retrospective valuation can also be referred to as a back-dated or historical valuation and refers to the method of determining an asset’s value at a certain point in time.

Properties cannot (unfortunately!) be valued in the future as no one has a crystal ball to know what the market will do, however, we most certainly can value at a point in the past. Valuers form a view of how the property existed in that time, and compare it to other similar sales of properties from around the area at the same time. This is called the Direct Comparison Approach and is a common valuation methodology.

Common uses for a retrospective valuation report are:

  • Taxation such as setting the cost base for Capital Gains Tax
  • Deceased Estates
  • Property Settlement and Family Law Court
Here at Vanguard Valuations, we take special care to understand your needs and how to achieve them. This includes investigation into a wide range of resources and asking the right questions to ensure we achieve the best results for you. Due to our extensive knowledge and utilization of premium valuer resources essential to accurate property valuation, our reports are produced efficiently, transparency, and with the utmost level of care. Vanguard Valuations can provide accurate and reliable valuation reports on all manner of properties including houses, units, commercial and industrial, rural, and development sites. We cover a large length of the east coast, including capitals of Canberra, Melbourne and Sydney, as well as all rural areas, Wollongong, Western Suburbs, Sutherland Shire, North Shore and Northern Beaches, Hawkesbury, and the Central Coast. All metropolitan Melbourne areas are also now covered by us with our new team of Melbourne local property valuers. Contact Us today to discuss further, or submit your details into our Enquiry Form, and we will get back to you as soon as possible.

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