Experts in Property Valuation, Adelaide
Providing independent property advice in residential, commercial, development, rural and specialised sectors
Preston Rowe Paterson was founded in 1988 to offer a superior service in the valuation and management of all forms of real estate, infrastructure, asset, plant machinery and equipment by a team of property valuers, analysts, advisers and consultants. Now, more than 30 years later, PRP has 37 offices throughout Australia and New Zealand and global partnerships in China, Japan, Thailand, Philippines and Dubai.
Niina Marni (Hello)! Preston Rowe Paterson Kaurna Tarntanya (Adelaide) office, would like to acknowledge the Kaurna People who are the Traditional Custodians of the land on which we work and provide our services on. We pay our respects to all Elders past, and present and extend that respect to all Aboriginal and Torres Strait Islander peoples’ ongoing connection to culture, land, air, waterways and seas.
Our Adelaide office has been providing property valuation services since 1996. It has expertise in residential, commercial and rural property markets.
We provide property valuation and consultancy services for Adelaide metropolitan area, Adelaide Hills, Lower North, Barossa Valley, Fleurieu Peninsula, Lower and Mid Murray regions.
Our team of professional and independent property valuers are supported by dedicated support staff, ensuring that we provide a high quality valuation and advisory service, in a timely manner.
“We know that people make the difference.”
So we only engage the best professionals who are committed to delivering a superior service. Our aim is to always provide superior property advisory services, consulting and valuations, as well as property market and economic research to assist our clients to make better property decisions.
Our professional property consultants are members of the Australian Property Institute.
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Featured Services
We provide valuation, analytics, and consultancy services for all forms of real estate including but not limited to residential, commercial, development & rural.
Other Services
- Mortgage Services
- Expert Witness Services
- Family Law Services
- Taxation Services
- Government and Statutory Services
- Insurance and Depreciation Services
Mortgage Services
- Mortgage valuations of existing & proposed real estate
- Desktop assessments based on local knowledge
- Mortgage valuations of development sites including group dwelling, multiple dwelling and land subdivisions
- Building progress inspections
- Investment, development and occupancy real estate advice
- Strategic mortgage portfolio risk review
- Mortgagee in possession valuations
- Bank and financial institution valuation panel appointments
- Valuation aggregator panel appointments (VALEX and VALOCITY) – B2B Connectivity
Expert Witness Services
- Lease & rental disputes including determinations
- Family law matters
- Partnership disputes
- Taxation and rating disputes
- Compensation and resumption matters (Section 241 of LAA, Planning & Development Act)
- Deceased estates
- Specialist litigation support
Family Law Services
- Portfolio assessment and valuation
- Historical valuations (date of cohabitation)
- PRP Senior valuers are experienced in acting as Single Expert Witness or Shadow expert
- All valuation reports are in compliance with the Family Law Act 1975, Family Law Rules 2004 (Single Expert), Federal Circuit Court Rules 2001(Court Expert), Common law and Practice directions of the Family Court and Federal Circuit Court
Taxation Services
- Capital gains tax valuations
- Land tax reviews
- Valuations for GST margin scheme
- Valuations for superannuation fund compliance
- Stamp duty valuations
- Tax depreciation schedules (compliant with ATO requirements)
- Valuation-based statutory assessments returned in rates and land tax notices
Government and Statutory Services
- Advice for property disposal and acquisitions
- Project feasibility analysis
- Public and open space contributions
- Asset and financial reporting valuations
- Leasing and rental review
- Heritage and specialised asset valuations
- Valuations for rating and taxing purposes
- Property portfolio analysis
- Compulsory acquisition (resumption) and compensation valuations
- Statutory valuation review
Insurance and Depreciation Services
- Insurance replacement cost valuations
- Strata Insurance replacement cost valuations
- Insurance reinstatement cost valuations
- All types of building insurance valuation
- Depreciation schedules for taxation purposes
PRP Adelaide
Director
Rob is a distinguished property professional boasting more than 20 years of comprehensive experience in the Property Industry. Throughout his career, Rob has successfully collaborated with an extensive array of clients, encompassing corporate entities, private investors, and local stakeholders.
Possessing an in-depth understanding of the South Australian property market, Rob has cultivated a wide-ranging and versatile skill set that covers all aspects of the property sector. His profound knowledge and hands-on experience have enabled him to deliver exceptional results and foster strong client relationships, solidifying his reputation as a trusted expert in his field.
Rob’s ability to navigate the complexities of the property market and his commitment to excellence have consistently led to successful outcomes in various property transactions and projects. His strategic approach and meticulous attention to detail ensure that all client needs are met with the highest standards of professionalism and efficiency.
FAQs
An independent property valuation is a comprehensive legal report provided by a qualified, independent licensed valuer recognised by the court of law. The report determines a property’s market or rental value for lawful purposes like refinancing, mortgage, capital gains tax, and other specialised valuation requirements.
What do property valuers include in a property valuation report?
The content will vary depending on the property type and purpose, however, generally, a full property valuation report prepared by a licensed property valuer will include detailed legal and physical descriptions of the property, such as description of land and improvements, council zoning restrictions, fixtures and features and ancillary improvements. An extensive analysis of variables that contribute to the market value of the property will be carried out as part of the valuation including recent comparable sales, market evidence and overall market conditions.
Bank valuations are done as part of working out an amount of money to loan to ensure the home loan does not exceed a property’s value. This is because the property is used as security for the loan. If the borrower defaults on payments, the lender has the right to take possession and dispose of the property to recover the outstanding mortgage.
The main difference is that a property appraisal conducted by a real estate agent has no legal basis and will not stand in a legal court in South Australia. Property appraisals can be targeted towards a marketing strategy to list the property for sale. On the other hand, property valuations completed by an independent licensed valuer hold no conflict of interest and can be used to resolve legal disputes in court.
Our team of property valuers located in South Australia, use our internal systems, skills and experience to meet client requirements. We ensure due diligence is taken at every step of the process throughout a property valuation. From obtaining written agreement from our clients, undertaking a formal inspection of the property (where required), researching and analysing relevant property information and finally generating a detailed report providing rationale as to the value of the property.
PRP has some 37 offices across Australia & New Zealand. Our Adelaide Office provides property valuation services covering Adelaide metropolitan area, Adelaide Hills, Lower North, Barossa Valley, Fleurieu Peninsula, Lower and Mid Murray regions.