The State Revenue Office assesses duty on the higher of the price paid and market value. For Balwyn transfers that need independent evidence, signed by a certified practising valuer.
More than one Balwyn title in the transfer? Send them together and each is valued to the same date.
Where a Balwyn property passes between relatives, the assessment rests on what it was worth on the day rather than on a figure the parties agreed between themselves. A signed valuation puts the evidence for that day on the record.
Moving a Balwyn title into a trust, a company or a partnership, or bringing it back out, is a transfer in its own right, and duty follows market value at that date.
If the price is equal to or below the property's capital improved value for rating, the State Revenue Office will want a valuation.
Enter the address, confirm the valuation date and details, pay securely online.
A valuer certified by the Australian Property Institute establishes market value at the transfer date against real comparable sales.
We email your report the moment it's ready, no chasing required.
It establishes the property's market value for a transfer where the revenue authority needs evidence of dutiable value. The report supports the assessment process but does not calculate every concession, exemption or amount of duty payable.
Common situations include gifts, family or related-party transfers, trust or company transfers, non-cash consideration, fractional interests and transactions where the stated price may not reflect market value. Requirements differ by state and transaction.
Revenue authorities commonly assess duty using the higher of the consideration and the property's unencumbered market value, subject to local legislation and any exemption or concession. Your solicitor or conveyancer should confirm the rule for the transaction.
The required date may be the contract, transfer, option exercise or another transaction date under the relevant state's rules. Ask the lodging professional or revenue authority to confirm the date before ordering.
Often, yes. A nominal price, no payment or a family relationship may mean the authority cannot rely on the stated consideration. A valuation provides independent evidence, while any concession or exemption must be assessed separately.
Yes, if the instruction clearly identifies the legal interest being transferred. The valuer needs the ownership proportions, title details and transaction documents because the scope may differ from valuing the whole property.
Requirements vary by jurisdiction and transaction. Some authorities or evidence categories require an inspected valuation, while others may accept a desktop report. Confirm the evidence rules with your solicitor or conveyancer and select the inspected service when required.
The report is prepared and signed by a suitably qualified property valuer. If the relevant authority specifies a qualification, registration, panel or report format, provide those instructions before the valuation begins.
No. It provides the market value input for the assessment. Duty rates, surcharges, concessions and exemptions depend on the jurisdiction, parties and transaction, so the final calculation should come from the revenue authority or your adviser.
Provide the contract or transfer details, required date, title and ownership information, the interest being transferred and any plans, leases or improvement details. Include written instructions from the lodging professional where available.
Signed, evidenced, and built to Victorian requirements.