CRISP Valuation Services

2012 Annual Valuations

Posted by Stuart Cameron on 31 March 2012 | 0 Comments

On 28 March 2012, the Department of Environment and Resource Management issued its Statutory Land Valuations (based on Site Value) as at 1 October 2011 for more than 1.6 million properties. These valuations take effect from 30 June 2012 and are undertaken in accordance with the Queensland Valuation of Land Act 2010 and are used by local authorities as the basis for assessing rate charges, as well by the Office of State Revenue for assessing Land Tax.

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Are Valuer’s Conservative?

Posted by Stuart Cameron on 31 January 2012 | 0 Comments

Why do people perceive valuer’s as being very conservative? In short, if a valuer is valuing a property and the report is for mortgage security purposes, and the Bank ends taking a loss as a result of the borrower not performing his loan obligations, it appears the Bank’s first port of call is a forensic search of the original valuation report.

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