Licensed Real Estate Valuers Based in Sydney Australia

Pre-sale/purchase Valuations

A pre-sale or a pre-purchase valuation provides an estimate of the value of a property taking all local market factors into consideration. This includes market factors that contribute to the value of the property, such as market conditions, demand and supply of similar properties, economic conditions and other factors which may have an impact on marketability and value of the property.

OPV can value all types of properties, from your vacant land, house, apartment, unit, villa, townhouse to luxury dwellings across Australia. We have access to some of the market’s most comprehensive database and sources to assist you in making the best possible purchase or sale decisions.

OPV can assist with expert market advice and appropriate assessments to support your decision of buying or acquisition of residential and commercial properties or any other specialized property assets including plant and equipment.

Property Development Feasibility Studies

Property development project feasibility studies are crucial assessments conducted before embarking on a real estate venture to determine its viability and potential success. These studies involve a comprehensive analysis of various factors, including market conditions, financial projections, regulatory considerations, and potential risks. A well-executed feasibility study provides valuable insights that help developers make informed decisions, mitigate risks, and maximize returns on investment.

OPV conducts thorough assessments to evaluate the economic and financial viability of a proposed project. Our services encompass market research, financial modelling, risk analysis, and regulatory compliance evaluations. We assist developers in making informed decisions, optimizing project design, and ensuring that the proposed development aligns with market demands and financial goals.

Our commitment to delivering accurate and insightful feasibility studies positions us as a valuable partner in the success of property development projects.

Valuation For Capital Gains Tax

In calculating CGT, determining market value of the property is essential. Only property valuers can provide this market valuation.

When will you pay CGT?
• Renting out your former principal place of residence will trigger the need to pay CGT, so it is advisable to obtain a market valuation at the time the property is first made available for rent as an investment property.
• Gifting a property also triggers the need to pay CGT.

Take control of your real estate journey with the help of a custom comprehensive CGT valuation. Call our experts today to get the process started.

Insurance Assessments

Whether you are a residential or commercial property owner you require an insurance assessment. It is essential you have a sufficient level of insurance cover in the situation your building is destroyed or deemed a total loss.

Prior to the consummation of an insurance contract, a figure has to be put forward as a sum insured and this will form the basis of calculation of the premium to be paid and the limit of claims.   In the event of total or partial destruction, the following situation will arise:

- Total Desctruction: If the sum insured is higher than the replacement cost or indemnity value, the extent of
claim will be limited to the actual sum needed to replace the property or indemnity value. If the sum is lower, the claim will only be limited to this lower figure.

- Partial Destruction: The claim will be limited to the part destroyed but if the sum insured is lower than the full value, the mitigating average clause will apply which means that the claim will be reduced in the proportion of the sum insured to the average reinstatement or indemnity value.

If you feel your property is undervalued or, worse, if you have no idea what level of coverage you have, a valuation is the best place to start. OPV provides this very service. We can help you get the best deal on your insurance with the confidence that your building will be adequately insured.

Retrospective Assessments

A retrospective property valuation is a price of property based on a previous time in history. One of the most common reasons it might be required is for Capital Gains Tax for investment properties that were acquired after 20 September 1985.

Your CGT liabilities will depend on the property’s increase in value from the time it was purchased or first used as an investment property to the time it is being sold. Professional valuers have the role of accurately identifying the original property price at the date in question.

OPV have completed several retrospective assessments for various clients by utilising the most accurate historical databases and sources to get the most accurate and beneficial valuation possible.

Easement Valuations

An easement is the right to cross or otherwise use a portion of someone else’s land even though they are not the owner of that specific land. The easement must be in favour of a particular parcel of land, unless it is in favour of the Crown, a public body or a Local Authority.

Examples of Easements: Right of way, Drainage Easement, Easement for Support, Easement for Overhanging Eaves, Easement for Light & Air, Easement for Transmission Lines etc.

It is essential to sight the precise terms of the easement. For example, some drainage easements restrict the right to build over them, to plant trees, etc. Property value may be affected by restriction on the use of the land resulting from the easement. On the contrary if the property has the right to use another’s land, this is typically a benefit and might increase the value of the property.

Rental Value Assessments

Rental assessments or determinations detail what level of rent an investment property might generate.

This is a very useful assessment that takes into account existing market data, comparable properties, and trends to evaluate the rental value of a property for financial purposes. Okoroafor Property Valuations has extensive knowledge of the rental market to provide fast and accurate rental assessments to assist you in making better investment decisions.

Valuation for External Financing – Mortgages

When a loan is contemplated or is in the process of being granted, the lending institution will usually ask for collateral for the loan being sought. This is where we come in to determine the value of the borrower’s collateral to enable the borrower to take advantage of the full value of his or her asset.

Valuations for SMSF Property Investments

Property is one of the most common investments for a self-managed superannuation fund (SMSF). However, there are strict restrictions on the properties that can be bought for or included in an SMSF. The key is market value - purchases and rent must be paid to their market value, no matter the type of property. The two common types of properties Australians invest in through their SMSF are residential and commercial properties.

Valuing a property that is owned by a self-managed superannuation fund is much like any other valuation with a few added requirements so that it is accepted by the ATO as a valid report.
An SMSF valuation is an independent assessment and report of the investment property’s market value. It can only be conducted by an independent certified property valuer such as OPV.

Our valuation process ensures accuracy by considering factors like location, proximity to amenities, property size, market activity, comparable property data, site orientation, and local zoning. The report is completed to the standards set by the ATO and SMSF auditors.
Contact OPV to inquire about SMSF property valuation.

Financial Reporting

Financial reporting is the disclosure of financial results and related information to management and external stakeholders (e.g., investors, customers, regulators) of how a company's performance is over a period of time.

Financial reports are given monthly, quarterly or annually and include the following:
- Balance Sheet or Statement of Financial Position 
-Income Statement or Profit and Loss Report 
- Statement of Changes in Equity or Statement of Retained Earnings
- Cash Flow Statement

OPV provides an accurate and timely valuation of your company’s real assets to help you manage your financials for the most accurate and well-kept results.

Stamp (Transfer) Duty Valuations

Stamp Duty or Land Transfer Duty is a State Government Tax payable to the State Revenue Office (SRO or Revenue NSW) when the ownership of a property is transferred from one party to another. A stamp duty valuation is compulsory when transferring proprietorship amongst related parties or where the property is being transferred into a superannuation fund or other trusts and lawful entities.
Stamp duty is calculated as a percentage of the purchase price or the market value of the property, whichever is greater.
When will you pay Stamp Duty?
• Transferring ownership of a property to a purchaser.
• A joint owner may want to remove an owner from the title where a property was purchased together.
• A property owner transfers a property to his / her SMSF.
• Parents selling a property to their child.
• Husband transfers property in his name to his wife to be jointly owned.
• Sibling transferring his share of a property to another sibling.
Solicitors and Conveyancers often require stamp duty valuations for their clients.

Valuation for Divorce and Separation/ Family Law Matters

A thorough valuation is essential to reach a Divorce and Separation Settlement. A valuation for a family law matter is undertaken when there is a separation of two of more parties who have ownership of the property.

A valuation assists the litigation proceedings to remove any disagreements that might arise as to the current market value of the property. In some situations, both parties might mutually agree to engage a sole valuer to act on their behalf, or respectively each party may independently engage a valuer to act wholly for them.

For a property valuation for separation, you must have a certified independent valuer. An independent valuer will be impartial, and their work is objective which is required by the Australian Court System. A certified property valuer has been accredited by the Australian Property Institution (API), which means they are highly educated, experienced, and trained. They have met the API’s standards of a qualified valuer.

As an independent valuation provider, you can trust our reports will be true and unbiased.