Understanding Property Valuations: A Comprehensive Guide for Australian Property Owners
Property valuations play a critical role in the real estate market, whether you’re buying, selling, or simply managing your property portfolio. In Australia, the accuracy of a property valuation can have significant financial implications. Understanding what goes into a valuation, how it is conducted, and why it’s essential can help property owners make informed decisions. What is Property Valuation? Property valuation is the process of determining the current market value of a property. This valuation is carried out by a