Experts in Property Valuation, Albury Wodonga
Providing independent property advice in commercial, residential, development, rural and specialised sectors
Yamoan (Hello)! Preston Rowe Paterson Adelong (Albury Wodonga office), would like to acknowledge the Wiradjuri ,Kamilaroi, Goondiwindi & Quirindi People of the Eora Nation, who are the Traditional Custodians of the lands 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.
Recognising the importance of the twin Cities of Albury and Wodonga to the growth of the region, PRP opened the Albury Wodonga office in 2008. Servicing the local government areas of Albury, Great Hume Shire, Corowa, Urana, Tumbarumba Shire and Lockhart in New South Wales; and Wodonga, Indigo, Towong, Wangaratta Shire, Alpine Shire and Moira Shire in Victoria, the Albury Wodonga office works closely with the team at the Wagga Wagga and Griffith offices to deliver a comprehensive property service across the Riverina, Murray Regions and North East Victoria.
Our team understands the importance of delivering robust, reliable and timely property solutions which can be trusted to make important property decisions. It has selected its personnel to provide access to expertise across most property classes including commercial, residential, industrial and rural with specialist accreditation in valuation of retail premises and specialist water rights.
Preston Rowe Paterson are proven to manage complex portfolio valuations and to integrate with other disciplines to assist provide holistic property solutions.
We are regional leaders in property giving clients access to first class methodology, systems, and knowledge leaving them clients with the peace of mind they are provided with the highest professional service. Our team understand property is not just brick and mortar but a bundle of rights making it the right advisor on matters dealing with easements, minority interests, lessees interests, rental reviews and the like.
We are members of the Australian Property Institute, Royal Institute of Chartered Surveyors, Albury, Northside and Wodonga Business Chambers and Riverine Plains.
“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 and Royal Institute of Chartered Surveyors.
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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, government and specialised property assets.
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
- Mortgagee in possession valuations
- Bank and financial institution valuation panel appointments
- Valuation aggregator panel appointments (VALEX and VALOCITY) – B2B Connectivity
Expert Witness Services
- Rental valuations and determinations
- Family law matters
- Taxation and rating objections
- Compensation and resumption matters (Land Acquisition (Just Terms Compensation) Act 1991)
- 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 2021 (Court Expert), Common law and Practice directions of the Family Court and Federal Circuit Court
Taxation Services
- Capital gains tax valuations
- Valuations for superannuation fund compliance
- Stamp duty valuations
- Tax depreciation schedules (compliant with ATO requirements)
Government and Statutory Services
- Advice for property acquisitions and disposal including compensation for easement rights
- Project feasibility analysis
- Public and open space contributions
- Asset and financial reporting valuations
- Leasing and rental review
- Heritage and specialised asset valuations
- Property portfolio analysis
- Compulsory acquisition (resumption) and compensation valuations including reports undertaken in accordance with the Land Acquisition (Just Terms Compensation) Act 1991
Insurance and Depreciation Services
- Insurance replacement cost valuations for residential, commercial, government and specialised assets
- Strata Insurance replacement cost valuations
- Depreciation schedules for taxation purposes
PRP Albury Wodonga Directors
Director
Daniel (Dan) is one of the Directors of the Preston Rowe Paterson Albury Wodonga branch. Daniel is focused on positioning his clients with market and locational intelligence to make effective decisions.
Daniel has more than 15 years’ experience delivering property valuations and advisory services in both the private and government sectors.
Daniel has regional and rural township experience in both residential, commercial and industrial properties.
Director
Michael has over 15 years of experience in the property industry, encompassing the fields of property valuation and advisory services, land management and environmental assessment. This experience includes exposure to the private and public sectors, dealing with a variety of stakeholders, clients and asset classes, across a wide geographic region covering most parts of southern, central and western NSW and North East Victoria.
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. 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 the Northern Rivers area, 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.
The team at PRP Byron & Northern Rivers cover from Evans Heads in the south to the Queensland Border and west to Drake Village.
PRP have offices throughout Australia and New Zealand, including all capital cities and many regional areas.