Independent Sydney Land Valuers
A land valuation in NSW is conducted by land valuers on behalf of the state every 3 years. It reflects the current market value of the land only, excluding structures, buildings, and improvements. This market value will be accurate to July 1st of the valuing year.
Once this valuation has been conducted, you will receive a Notice of Valuation or a land tax assessment. If there are any errors or if you believe the value of your land has been incorrectly assessed, then you can lodge an objection. This is where you will need the help of an independent property valuer.
You have 60 days to object to the land valuation performed in NSW. When lodging an objection for an incorrect value, you must state the land value you believe is correct and provide sufficient evidence. Hiring an independent land valuer is the easiest way to ensure you have all the evidence needed to support your objection.
An In New South Wales, an independent land valuer must be registered as a Certified Practising Valuer through the Australian Property Institute (API). At Sydney Property Valuers Metro, our land valuers are not only API registered but also AVI or RICS qualified, and they bring extensive professional experience to every assessment. Their valuations strictly adhere to each institution’s standards, which can significantly strengthen the support for your objection.
Every land valuer employed by our team has something many independent valuers lack, experience. Each valuer we provide our clients have had over 20 years of experience. Over the years we have provided our clients with comprehensive and accurate land valuations. We can help you supply evidence that more than adequately supports your objection.
About Land Valuations in Sydney
NSW land valuations do not include the value of your home or building. The value presented cannot be affected by any restrictions such as easements, rights of way or title covenants. For a valuation report that does the value of your home, then can assign one of our expert residential valuers to assist.
As stated above the valuation of land cannot include any improvements on the land. There are, however, a few exceptions. The improvements allowed in an NSW land valuation include:
- Draining
- Excavating
- Filling
- Clearing
When it comes to a land valuation for the purpose of contesting the value reported in a Notice of Valuation, a land valuer will have to complete market research. This research includes finding at least 3 comparable land plots, that are similar to yours in terms of location, size and quality. They must have been sold within the valuing year, with the sales price adjusted for the market as it was on the 1st of July of that same year.
For more information about land valuations in NSW feel free to get in touch with us. We have a team of specialists ready to answer any questions. Please send any enquires to us through our contact us form or speak with a member of our team today by calling us at (02) 8599 9840.