Valuing Property – how is it done?
Valuing Property is not as simple as you may think – especially in today’s property market in Australia. In hot markets, many buyers will pay over perceived current market value for properties driving the asking and selling prices higher and higher in the process. Conversely, in less confident times, or in stressed markets, vendors will compete with each other to secure a buyer and keep prices low. So valuing property at any particular time is a science that involves a number of strategies and key drivers to get right. Each property has a different value that changes constantly over time, …
