Territory Property Valuers & Property Valuation Experts
NT Valuers are one of the leading property valuers in the Northern Territory. Our expert property valuation services are available in Darwin and extend into smaller towns including Palmerston, Alice Springs, Litchfield, Katherine, Nhulunbuy, Tennant Creek, Wadeye/Victoria-Daly, Jabiru and Yulara.
No matter where you are in the Northern Territory, our expert property valuers can provide an accurate and in-depth property valuation that you can use for a range of purposes including, but not limited to:
- Building insurance;
- Capital gains tax;
- Current market value;
- Deceased estate;
- Family Law;
- Financial reporting;
- Property settlement;
- Retrospective;
- Separation;
- Stamp duty;
- Superannuation fund;
- Unit entitlements.
Our Valuers thoroughly assess the value of the property using their extensive knowledge of the local area. In addition to the property itself, we also consider local retail precincts, public transport access, and recreational facilities when finalising our reports.
We are the leading plant & equipment, business and property valuers in the Northern Territory. We provide property valuations for a wide variety of property types, such as:
We will then inspect your property with particular attention to:
- The property’s characteristics
including the number of bedrooms; - The age and condition of the property;
- The area’s zoning (residential vs commercial);
- Recent comparable sales:
- The size of the property (internal SQM and external SQM);
- The usable space;
- Risk factors like the location, environmental issues such as being prone to bushfires or floods,whether or not the property has been enhanced, the market conditions, the local economy,the market segment.
If, however you are after general property advice then our Northern Territory property valuers can assist you in that are as well. We can provide advice on different property types throughout the state including, but not limited to:
- Businesses;
- Industrial property;
- Office and commercial property;
- Plant and Machinery;
- Residential property;
- Retail property;
- Rural property.
We are registered with the Australian Property Institute (API) and are proud of our extensive history in providing our clients with our leading property valuation services. All of our staff members are Certified Practising Valuers (CPVs) and participate in regular training to maintain a consistent level of quality for our clients.
We require our Valuers to have at least 15 years’ experience in property valuation within NT before going out into the field. Valuers are based locally to ensure all queries can be answered with confidence and certainty.
If you have any questions or queries regarding the valuation of your property, or would like to organise an inspection, please call us on (08) 8911 1505. One of our friendly staff will be happy to assist you.
What is an independent property valuation?
An independent property valuation is a certified, legal document that displays the accurate, fair market value of any subject property. A property valuation can be completed at its current market value or a chosen retrospective date and can be used for all residential, commercial, and industrial property types.
An independent property valuation can be used for a variety of purposes and is required for matters of tax compliance and financial reporting, government applications and any kind of legal procedure. As such, an independent property valuation can only be conducted by a certified valuer.
What is the role of a property valuer?
The role of any certified property valuer is to perform independent valuation services across residential, commercial, and industrial property types. As such, a property valuer is duty bound to undergo extensive research using property databases and industry knowledge to provide a fair market value of any subject property.
A property valuer is therefore qualified to complete professionally detailed valuation reports that are eligible for submission for any kind of legislative and legal procedure. As such, property valuers can complete valuations services for a variety of purposes with an astute insight into their local property market.
How does a certified property valuer determine value?
When determining value, a certified property valuer will use three main methodologies to guarantee a fair, accurate outcome:
- The Direct Comparison Approach: the property valuer will investigate over 200 variables of the subject property and perform a comparison with other similar properties in the local area.
- The Summation Approach: This is an additional check performed only by API certified property valuers. It will calculate the replacement cost value of improvements made to the property and depreciate this by age. It will then apply this depreciation value to the land value of the property.
- The Capitalisation of Net Income Approach: This approach will take the net rental income of the property and capitalise this at a rate sourced by local comparable sales. This approach is reserved for valuing commercial properties.
What is the difference between a real estate appraisal and a property valuation?
While a real estate appraisal and a property valuation both provide property value, a real estate appraisal is an estimation of value based on what the property is believed can be sold for.
While a real estate appraisal and a property valuation both provide property value, a real estate appraisal is an estimation of value based on what the property is believed can be sold for.
Real estate appraisals often hold a conflict of interest towards wanting to sell the property and is not eligible for any kind of legislative use. A property valuation, however, can be used for a variety of purpose for private and legal uses and is highly recommended when seeking reliable pre-purchase/pre-sale advice.
What is the difference between current market and a retrospective property valuation?
While both a current market and a retrospective property valuation will determine the fair market value of the subject property, a retrospective valuation is based on a chosen historical date. As such, the valuer will provide an independent property valuation based on a comprehensive research and data from the time of the chosen retrospective date.
A current market property valuation, however, will include the same details and utilise the same methodologies to determine value, however, will use present findings and property data. As such, a current market property valuation is only valid for 90 days from the date of the inspection.
What is the process of becoming an API certified property valuer?
To be registered with the Australian Property Institute (API), a property valuer must go through rigorous training to be qualified to perform independent valuation services. This includes completing tertiary education, a two-year traineeship of professional industry practice and a final interview.
As such, it can take approximately six years of training to become a Certified Practising Valuer (CPV) and registered with the API. NT Valuers have an expert team of certified property valuers that are highly regarded in the property industry that are qualified to provide reliable advice regarding any kind of real property.
What is the difference between a bank valuer and a property valuer?
A bank valuer is contracted by the lender to value a property in order to ascertain loan security. As such, a bank valuer has an existing agenda to push towards a more conservative value to minimise the lenders risk should the loan be defaulted.
A property valuer, however, is an industry expert in valuing real property with a fair and unbiased approach. As such, an independent property valuer does not hold any kind of bias and works with the sole purpose of determining the fair market value of the property based on research and evidence.
What does a property valuation report include?
When completing a property valuation, the certified valuer will include a comprehensive, objective analysis of any kind of internal and external factors that will influence the fair market value. As such, the outcome of a property valuation is the result of investigating over 200 variables to determine an accurate determination of value.
A property valuation will include details of the property’s condition, including any ancillary improvements, fixtures and features, and underlying land value. It will also include external factors such as environmental risks, council zoning restrictions, location, and proximity to local recreational amenities.
Industry qualifications.
NT Valuers and key employees are members of the following professional associations ensuring that our high standards of work are maintained.
Our Valuations Comply With
Family Court of Australia
Australian Taxation Office
International Valuations Standards (IVS)
Australian Property Institute (API)
Defence Housing Australia
The Local Court of the Northern Territory
Supreme Court of the Northern Territory
Family Court of Australian
Unit Titles Schemes Act 2009
Land Title Act 2000
Valuation of Land Act 1963
Key Accomplishments
Provided valuation reports for residential properties across the Northern Territory and in Darwin, including in high demand suburbs of Fannie Bay, Bayview, and Nightcliff up to the value of $3 million
Provided valuation reports for commercial and industrial properties across the NT and within the Darwin city centre, up to the value of $4 million
Provided comprehensive asset register valuations for plant & equipment within niche industries across the Northern Territory
Provided numerous rental reviews to be submitted to Defence Housing Australia, saving clients a total of over $50,000 in rent
Provided detailed and quality valuation reports for a variety of specialised properties and purposes, from schools to medical centres
Our Core Statistics
Residential property valuations
Commercial and industrial property valuations
Saved for our clients
Valuations completed
Why Clients Choose Us
Dedicated to providing comprehensive, quality valuation reports- API Qualified Valuers
- Local Knowledge
- Friendly Staff
- Detailed Reports
- Thorough Inspections
- Accurate Valuations
- Fast Turnaround
- Expert Advice
- Experienced Valuers
- Quality Focused
A big thank you to the team at NT Valuers! The property valuation report I received for stamp duty use has saved me so much money- I am so happy with the results. I definitely recommend this service! – Kelly Thompson, Darwin Property Owner