How does the valuer determine how much my property is worth?

A valuation is an impartial estimate or opinion of value, usually written, of an adequately described property, as of a specific date, and supported by the presentation and analysis of relevant data.
 

It is the job of the Valuer to determine these values by gathering, analysing and applying information relevant to a property.  The professional opinion of the Valuer can influence the decisions of people who own, manage, sell, purchase, invest in and lend money based on the security of real estate.  The Valuer is an impartial third party in the real estate process protecting Real Estate buyers from overpaying for property, as well as lenders from over financing buyers.

Yes. The valuer will need internally inspect the property as this gives us the internal fit-out and condition of the property. We can then accurately compare the subject property to comparable sales in the area.

The time a valuer will spend at an inspection will vary depending on the size of the dwelling/unit and site improvements as well as the size of the land area. Typically, a unit or standard house will take approximately 30 minutes to complete the inspection. 

Our valuation reports are produced in accordance with the Australian Property Institute’s best practice guidelines. 

- The date of inspection and valuation

- Real property description in accordance with the Certificate of Title

- Town planning information – i.e. zoning and overlays

- Description of neighbourhood and suburb

- Description of accommodation/dwelling including condition.

- Description of any ancillary improvements

- Floor area (measured during inspection)

- Description of sales evidence and comparable comments

- Valuation rationale and methodology

- Market commentary

- The estimated valuation figure

- Qualification of report and signature of valuer

- Photographs (externally and internally)

Valuation reports are valid for up to three months. However, in a fast-paced market this can vary. 

We service the following municipalities/suburbs which encompass but are not limited to:

• City of Whitehorse -  Balwyn North, Blackburn, Blackburn North, Blackburn South, Box Hill, Box Hill North, Box Hill South, Burwood, Burwood East, Forest Hill, Mitcham, Mont Albert, Mont Albert North, Nunawading, Surrey Hills, Vermont and Vermont South. 
• City of Maroondah -  Bayswater North, Croydon, Croydon Hills, Croydon North, Croydon South, Heathmont, Kilsyth, Kilsyth South, Park Orchards, Ringwood, Ringwood East, Ringwood North, Vermont, Warranwood and Wonga Park. 
• City of Manningham -  Bulleen, Doncaster, Doncaster East, Donvale, Nunawading, Park Orchards, Ringwood North, Templestowe, Templestowe Lower, Warrandyte, Warrandyte South and Wonga Park. 
• City of Knox -  Bayswater, Boronia, Ferntree Gully, Lysterfield, Knoxfield, Rowville, Scoresby, The Basin, Upper Ferntree Gully, Wantirna, and Wantirna South. 
• Yarra Ranges Shire -  Badger Creek, Belgrave, Belgrave Heights, Belgrave South, Chirnside Park, Chum Creek, Coldstream, Dixons Creek, Gilderoy, Gladysdale, Gruyere, Healesville, Hoddles Creek, Kallista, Kalorama, Kilsyth, Launching Place, Lilydale, Lysterfield, Menzies Creek, Monbulk, Montrose, Mooroolbark, Mount Dandenong, Mount Evelyn, Narre Warren East, Olinda, Sassafras, Selby, Seville, Seville East, Sherbrooke, Silvan, Steels Creek, Tarrawarra, Tecoma, The Patch, Upper Ferntree Gully, Upwey, Wandin East, Wandin North, Warburton, Wonga Park, Woori Yallock, Yarra Glen, Yarra Junction, Yellingbo and Yering. 
• City of Greater Dandenong - Springvale, Springvale South, Keysborough, Noble Park, Noble Park North, Dandenong, Dandenong North, Dandenong South, Bangholme, Lyndhurst.
• Kingston City Council - Aspendale, Aspendale Gardens, Bonbeach, Carrum, Chelsea, Chelsea Heights, Cheltenham, Clarinda, Clayton South, Dingley Village, Edithvale, Heatherton, Highett, Mentone & Moorabbin Airport, Moorabbin, Mordialloc & Braeside, Oakleigh South, Parkdale, Patterson Lakes and Waterways.
• Bayside City Council - Brighton, Brighton East, Hampton, Hampton East, Highett, Black Rock, Sandringham, Beaumaris and Cheltenham
• City of Casey - Beaconsfield, Berwick, Blind Bight, Botanic Ridge, Cannons Creek, Clyde, Clyde North, Cranbourne, Cranbourne East, Cranbourne North, Cranbourne South, Cranbourne West, Devon Meadows, Doveton, Endeavour Hills, Eumemmerring, Hallam, Hampton Park, Harkaway, Junction Village, Lynbrook, Lyndhurst, Lysterfield South, Narre Warren, Narre Warren North, Narre Warren South, Pearcedale, Tooradin and Warneet
• Frankston City Council - Carrum Downs, Frankston, Frankston North, Frankston South, Langwarrin, Langwarrin South, Sandhurst, Seaford and Skye.
• Glen Eira City Council - Bentleigh, Bentleigh East, Carnegie, Caulfield, Elsternwick, Gardenvale, Glen Huntly, McKinnon, Murrumbeena, Ormond, Brighton East, St Kilda East.
• Cardinia Shire Council - Avonsleigh, Bayles, Beaconsfield, Beaconsfield Upper, Bunyip, Bunyip North, Caldermeade, Cardinia, Catani, Clematis, Cockatoo, Cora Lynn, Dalmore, Dewhurst, Emerald, Garfield, Garfield North, Gembrook, Guys Hill, Heath Hill, Iona, Koo Wee Rup, Koo Wee Rup North, Lang Lang, Lang Lang East, Longwarry, Maryknoll, Menzies Creek, Modella, Monomeith, Mount Burnett, Nangana, Nar Nar Goon, Nar Nar Goon North, Nyora, Officer, Officer South, Pakenham, Pakenham South, Pakenham Upper, Rythdale, Tonimbuk, Tooradin, Tynong, Tynong North, Vervale and Yannathan.

We are also willing and able to travel outside of these areas for specific jobs.

DK Property Valuers only employs fully qualified Certified Practising Valuers (CPV) to carry out property valuations. Such valuers must have the appropriate degree qualified education and a minimum of two years work experience before being allowed to sit a final examination, which pending successful completion allows them to be regarded as professional valuers.  

Furthermore, a CPV according to the Australian Property Institutes (API) Code of Professional Conduct must be impartial and independent. Valuation reports are also legal documents provided for a wide range of purposes which must also be prepared in accordance with the APIs best practice guidelines.