Why do I need a valuation? Why can't an online tool tell me what my property is worth?

Registered Valuers recognise that there are often many factors to consider when assessing a property’s value and that seldom are any two properties the same. Every property should be treated separately and as a unique property. For example, the value of a residential property can be significantly affected by the dwellings layout, it’s elevation and any aspects such as views, the quality/condition of improvements. Online tools only look at the sales of similar properties in the area, but don’t consider the visual and material aspects of a property. A registered valuation requires a registered and qualified valuer to inspect the property physically and includes factors that a computer algorithm wouldn’t capture.