A property valuation inspection involves a certified valuer visiting the site for 20-30 minutes to physically assess the property. They measure dimensions, evaluate condition, note features like renovations or defects, check surroundings such as zoning and access, take photos, and gather data for an accurate market value estimate.
Full inspections cover interior/exterior details, while kerbside or desktop options are quicker alternatives for lower-risk cases; preparation includes ensuring access, restraining pets, and providing plans.

Property assessment in a valuation involves the valuer’s detailed analysis following the inspection, where they review collected data against comparable sales, market trends, and property specifics to determine market value. This desk-based step includes verifying measurements, condition notes, and external factors like zoning or location influences, applying standard methods such as the direct comparison or income approach as relevant. The outcome forms the basis of the final report with value opinion, assumptions, and risk commentary.

The valuation report is the final deliverable, compiling the inspection findings, assessment analysis, and market value opinion into a formal document for clients like banks. It details property description, measurements, condition summary, comparable sales used, valuation methodology, key assumptions, and risk factors in a standardized format compliant with Australian standards