An independent property valuation can help separating parties and their advisers understand the value of property in a settlement. The valuation establishes an opinion of value. It does not decide either party's legal entitlement or the division of assets.
Agree the instructions
Ask your solicitor whether a jointly instructed single expert is required and what the court orders or applicable rules require. Confirm the property, valuation date, report recipients, scope and access arrangements. Reports for mediation and court proceedings may need different levels of detail.
Knowledge and experience
Ask about relevant property and expert-report experience, qualifications and professional membership. Vanguard Valuations is an Australian Valuers Institute member. Request the proposed signatory's CV so your adviser can assess suitability.
Clear evidence and reasoning
The report should describe the property and its relevant attributes, including location, land, improvements, condition and planning context. It should explain the comparable evidence, methodology, assumptions and conclusions. The precise searches and investigations depend on the agreed scope.
Independence
An expert's duty to the court takes priority over the interests of the person paying the fee. The conclusion should follow the evidence. A valuation must not be instructed to achieve a preferred settlement figure.
When an update may be needed
A valuation applies at a specified date. It has no universal three- or six-month expiry. Changes in the property, market, proceedings or court directions may mean a later assessment is needed. Your solicitor should confirm the requirement.
Vanguard Valuations prepares family law property valuations across NSW, ACT and VIC. Send the instructions and deadline so we can confirm scope, fee and availability.
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Sources and further reading
General information only. Obtain advice about your circumstances from your accountant, solicitor or other appropriately qualified adviser.