In one of Australia’s most dynamic property markets, knowing the real value of your property is more important than ever. Whether you’re buying, selling, refinancing, or settling a legal matter, a certified property valuation Melbourne ensures you’re making decisions based on real data—not assumptions.
This guide explains what a property valuation involves, who performs them, when you need one, and what factors affect a property’s worth in Melbourne’s fast-moving real estate market.
What Is a Property Valuation?
A property valuation is a formal, legally recognised document prepared by a Certified Practising Valuer (CPV) that determines the fair market value of a residential or commercial property on a specific date.
These reports are commonly used for:
- Mortgage and refinancing applications
- Property sales and purchases
- Family law and estate settlements
- Capital Gains Tax (CGT) calculations
- Stamp duty and government reporting
- Insurance coverage
- SMSF compliance and asset auditing
Unlike an informal real estate appraisal, a valuation is an unbiased and evidence-based assessment accepted by lenders, legal institutions, and the ATO.
When Should You Get a Property Valuation in Melbourne?
There are many scenarios where a professional valuation is necessary:
Buying or Selling Property
Know your true property value before setting a sale price or submitting an offer.
Loan and Refinancing Requirements
Banks require valuations to confirm the Loan-to-Value Ratio (LVR) and assess risk.
Legal Proceedings and Settlements
Divorce, family separation, deceased estates, and litigation all rely on certified valuations.
CGT and Stamp Duty Reporting
Get accurate figures for tax time, especially when properties are sold, transferred, or gifted.
Super Fund Compliance
SMSFs must have updated valuations to meet regulatory obligations.
Types of Property Valued in Melbourne
Professional valuers in Melbourne handle a wide range of asset classes:
- Residential dwellings and units
- Apartments and strata properties
- Commercial properties (offices, shops, warehouses)
- Vacant land and development sites
- Investment and rental properties
- Rural lifestyle blocks on the city fringe
Whether your home is in Fitzroy, your investment is in Sunshine, or your business property is in Southbank — local experience matters.
How Is a Property Valuation Carried Out?
Step 1: On-Site Inspection
The valuer visits the property to assess:
- Land size, orientation, and topography
- Property condition, structure, and design
- Renovations, extensions, and external features (e.g. garage, pool)
- Fixtures, fittings, and internal layout
Step 2: Market Analysis
The valuer reviews:
- Recent comparable sales in the area
- Local market trends and clearance rates
- Zoning information and planning restrictions
- Economic indicators (interest rates, demand levels)
Step 3: Final Valuation Report
A legally compliant report is prepared, including:
- Full property details and photos
- Analysis of comparable sales
- Market commentary and valuer’s rationale
- Final market value conclusion
- Assumptions, disclaimers, and report limitations
Factors That Influence Property Valuation in Melbourne
| Influencing Factor | Details |
| Location | Suburb popularity, school zones, public transport, and local amenities |
| Property Condition | Renovation quality, structural integrity, and modern features |
| Land Size & Zoning | Potential for redevelopment or subdivision |
| Market Conditions | Auction results, interest rate changes, seasonal trends |
| Legal Considerations | Easements, overlays, or heritage listing affecting development potential |
How Much Does a Property Valuation Cost in Melbourne?
Valuation fees vary depending on the property’s complexity and the purpose of the report:
| Valuation Type | Approximate Cost (AUD) |
| Standard residential | $400 – $700 |
| Commercial or complex assets | $1,200 – $3,000+ |
| CGT or SMSF reporting | $500 – $950 |
| Legal/court valuations | May incur additional charges |
Note: Some banks may cover or arrange a valuation when refinancing.
Valuation vs Agent Appraisal
| Feature | Valuation | Appraisal |
| Conducted By | Certified Practising Valuer (CPV) | Licensed real estate agent |
| Purpose | Legal, tax, lending, compliance | Sales pricing and marketing |
| Legal Recognition | ✅ Accepted by ATO, courts, banks | ❌ Not suitable for official use |
| Objectivity | Independent and evidence-based | May be influenced by commission |
| Cost | Paid service | Usually free |
Why Choose a Certified Property Valuer in Melbourne?
Melbourne’s property market is competitive, diverse, and fast-moving. From heritage homes in Carlton to new builds in Tarneit, every suburb has its own pricing trends and buyer preferences. A certified valuer brings:
- Local insight into specific suburbs
- Legal and regulatory compliance
- Unbiased reporting and analysis
- Confidence to buy, sell, or plan ahead
Conclusion: Make Informed Decisions With a Professional Valuation
If you’re navigating the Melbourne property market, a certified valuation provides the clarity and confidence you need. Whether it’s for finance, family law, tax, or investment planning, don’t rely on assumptions — get the real number from a qualified professional.
Need a property valuation in Melbourne?
Make sure your next property move is backed by accurate, local, and certified expertise. Choose a valuer who knows your suburb and your goals.