Property Appraisal

Published 16 August 2022Updated 17th January 2023

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What is a Property Appraisal?

A property appraisal is a report that comes in handy when you’re preparing to sell your house – it essentially gives you a rough estimate of what it's worth in the current market. Apart from this, a property appraisal will also have vital information like vacancy rates, an overview of suburb trends, and historical market data.

An appraisal is prepared by an agent or real estate professional, and should be used as a guide rather than an actual real estate value.

FAQs about Property Appraisals

How much does a property appraisal cost?
How are property appraisals calculated?
Is it necessary to get a property appraisal report?

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Disclaimer: The views, information, or opinions expressed in this blog post are for general information purposes only and should not be relied upon. We have not taken into account specific situations, facts or circumstances, and no part of this blog post constitutes personal financial, legal, or tax advice to you. You should seek tax advice from your accountant, specific to your situation.

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