Valuation is the process of determining the current market value of a property. This is done by a qualified valuer, who will consider a number of factors, including the property's location, size, condition, and recent sales of comparable properties.
The valuation of a property can be used for a number of purposes, such as:
- To determine the amount of a mortgage loan
- To set the price of a property for sale
- To assess the value of a property for insurance purposes
- To resolve disputes over property ownership
CoreLogic is a leading provider of property valuation data and services in Australia. They offer a variety of valuation products, including:
- CoreLogic Daily Home Value Index: This index measures daily movements in the value of Australian housing markets.
- Property Reports: These reports provide detailed information on individual properties, including their market value, recent sales history, and comparable properties.
- PropertyHub: This online platform makes it easy to research properties, order valuations, and track their progress.
The valuation of a property is an important part of property research. By understanding the value of a property, you can make informed decisions about buying, selling, or investing in property.
Here are some examples of how valuation can be used in property research:
- A buyer can use a valuation to determine if they can afford a particular property.
- A seller can use a valuation to set a realistic asking price for their property.
- An investor can use a valuation to assess the potential returns on an investment property.