Property valuation in Australia is not much as simple as we normally think. There are so many major factors are involve in getting an accurate and perfect value of your property. Independent valuations can only be performed by a chartered surveyor. But there are so many real estate valuers who can offer you fast and efficient property valuation services in Australia.

Here are three ways through which a property valuer determines the value of a house:

The cost approach

The cost approach allows you to determine the value of your property by adding the land value and the depreciated value of any improvements. This approach is much effective on new infrastructures or properties instead of older properties.

The comparable sales method

Another method which is normally used for determining the value of your property is the comparable sales method. This method allows you to compare your property with another property in a similar location within a recent period of time. This method is much effective and normally used by many property valuers. Also this method is much reliable to bring sales in the property market.

Income Approach

The income approach is when the present worth of the property is estimated on the grounds of projected future net income, thereby focusing on the profitability of a property investment. However, it neglects its worth in comparison to the overall market.

These are the effective sources of determining the value of your property. Almost every Sydney online property valuation company or a local property valuation company uses these methods for determining a perfect valuation of your company. Just make some search online to choose which property valuation service is suitable for your property.

Preparation of Tax depreciation Schedule In Australia

In Australia, the preparation of Tax Depreciation Schedules for Investment Properties is only done by authorized persons by the Australian Tax Office (ATO). Tax schedule depreciation commercial or residential include two main components:

• Depreciation schedule for Fixtures and Fittings

• Depreciation Schedule for Construction Costs

Under DIV the construction allowance of 43 Items Depreciable @ 4% or 2.5% for residential properties includes:

• Building Structure and Footings

• Plumbing and Drainage

• Electrical work including Switch Boards

• Ceramic Floor Tiles

• Concrete Swimming Pools and fixed Spas

• Built in kitchen Cupboards

• Internal and External Windows and Doors

• Bathroom and Sanitary Fixtures

• Concrete driveway or Paving

• Permanent Garden Sheds

• Fencing and Gates

• Builder's establishment costs

• Additions or extensions

• Refurbishment to internal structure e.g. new bathroom or new kitchen

Depreciation for Fixtures and Fittings include:

• Air-conditioners - split and wall units

• Blinds and Curtains e.g. Venetian

• Carpet, vinyl and floating timber flooring

• Ceiling Fans

• Dishwashers

• Furniture e.g. beds, lounges, chairs, tables etc.

• Hot water System

• Intercom Panels

• Light fittings (excluding hardwired)

• Range Hoods

• Roller Door Motors

• Refrigerators

• Stoves, cook tops and ovens

• Security System Panels

• Swimming Pool Pumps and Chlorination Systems

• T V Aerials amplifiers and Modulators

• Washing Machines

Quality Tax depreciation schedule service allows you to optimize your tax return using either Prime Cost, Diminishing Value & Low Value Pool.

Author's Bio: 

Lorenzo cliff have been working as a professional writer since 2009.His writing includes many articles for blogs, websites like for quantity surveyor in Sydney, independent house valuers and many more. He prioritizes quality over quantity and make sure that his articles are well researched, interesting, and error-free.