Sovereign Valuations

06/07/2023

Expert witness valuations require thorough research and detailed reporting to ensure the valuer’s rationale is properly explained and to ensure all the opinions and assumptions of the valuer are clearly laid out. Obtaining accurate expert evidence can reduce the risk of ongoing disputes and associated costs.

The cost of inaccurate expert evidence can be significant and by way of example, we were engaged as a Shadow Expert to assess the value of a commercial leasehold asset with our evidence contributing to the Single Expert reducing their valuation by greater than 50%. If the parties had settled on the appointed Single Expert’s initial advice it would have had a significant financial impact on the parties.

With ‘in the box’ experience our valuers have provided expert evidence to several courts and tribunals including VCAT, County Court, Land & Environment Court and the Supreme Court in both VIC & NSW. To find out more about our valuations for litigation purposes click the link below.

Litigation Property Valuations Sovereign Valuations is experienced in undertaking property valuations for litigation purposes, being regularly engaged to provide expert evidence to courts for an array of commercial litigation matters. Valuation reports have been completed for most courts and tribuna...

15/05/2023

When it comes to valuing commercial property in Australia, there’s no one-size-fits-all approach.

Each valuation method has its own advantages and disadvantages, so the right method to use depends on the specific property and its unique characteristics.

For instance, direct comparison involves looking at recent sales of similar properties in the area to determine a property's value often based on $/sqm or $/Ha. But while it’s relatively straightforward, there are not always truly comparable recent sales in an area.

Capitalisation of income is particularly useful for commercial properties that are saleable primarily to investors, as it provides an estimate of the property's value based on its income-generating potential, considering the quality of the tenant, length of the lease, whether the lease is at market levels and any potential development or value-add potential upon lease expiry.

Discounted cash flow method allows the valuer to undertake a more forensic assessment of the expected income over future years and expected movements in yields and is often the primary valuation method for assessing the value of larger institutional grade assets with multiple income streams.



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Want to know the market value of your commercial property? Sovereign Valuations can help. Get in touch by calling 1300 710 000 or emailing [email protected]

13/05/2023

Did you know that zoning can significantly impact residential property values in Australia?

Zoning laws govern how land can be used in specific areas, such as residential, commercial, or industrial. These regulations can affect a property's desirability, accessibility, and potential uses, which in turn can affect its value.

For example, a property in a residential zone with strict building height restrictions may have limited development potential and therefore be less valuable than a similar location with more lenient zoning laws.

Similarly, a property located in a mixed-use zone, where commercial and residential uses are allowed, may have a higher value due to its potential for a higher density development outcome.

Understanding how zoning affects residential property values is crucial for homeowners, investors, and developers alike. That’s why it's a good idea to work with an experienced property valuation firm who has a deep understanding of the local market.



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Want to know the market value of your commercial or residential property? Sovereign Valuations can help. Get in touch by calling 1300 710 000 or emailing [email protected]

18/12/2022

Sovereign Valuations would like to wish everyone a Merry Christmas and Happy New Year.

We would also like to thank our customers for supporting us in our second year of business and we also thank our small but talented team for the accomplishments achieved this year.

We are remaining open over the festive season with the exception of public holidays.

25/08/2022

Construction costs are increasing throughout Australia, due to the global supply chain crisis, labour and material shortages, and the increasing price of timber, metals and fuel.

As a result, CoreLogic’s Cordell Construction Cost Index jumped 10% in the year to June, being the highest annual growth rate on record (apart from the introduction of the GST) and nearly double the rate of inflation.

The significant increase in construction costs will mean that many properties are now underinsured, and it is recommended that anyone holding property reviews their replacement insurance valuations to ensure they are adequately covered should a disaster strike.



Want to insure your property for its true replacement cost? Sovereign Valuations can give you an up-to-date insurance replacement valuation. Get in touch by calling 1300 710 000 or emailing [email protected]

27/05/2022

Sovereign Valuations combines years of experience to provide accurate property valuation advice across commercial and prestige residential properties.

Sovereign Valuations provides a boutique property valuation service, specialising in complex commercial and residential valuations for litigation purposes. Property valuations are undertaken across Melbourne, Sydney and regional areas.