Experts in Property Valuation
Providing independent property advice in commercial, residential, development 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 36 offices throughout Australia and New Zealand and global partnerships in China, Japan, Thailand, Philippines and Dubai.
PRP Bendigo comprise a team of locally based valuers & property consultants, led by Directors Darren Evans, Peter Murphy and Chris Torpy, and Associate Director Ryan Haythorpe. PRP Bendigo are active in all facets of real estate valuation, including for mortgage security, pre-purchase and proposed sale, asset portfolio, accounting, stamp duty, taxation, rental assessments/determinations, family law, litigation testimony, compulsory acquisition, insurance assessments, public open space contributions, statutory objections, consultancy and market research reports.
PRP Bendigo provide independent property advice and valuation services for commercial, residential, rural, development properties, as well as specialised assets such as petrol stations, car washes, childcare centres, hotels and many more unique assets.
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 completed in accordance with the relevant legal requirements, for the Magistrates’, County and Supreme Courts.
Taxation Services
- Capital gains tax valuations
- Land tax reviews
- 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
- Owners Corporation replacement cost valuations
- Depreciation schedules for taxation purposes
PRP Bendigo Directors
Director
Darren has been involved in the Valuation Industry for over 30 years and in this time has developed a broad and diverse level of experience and knowledge in the property profession.
Darren has been actively involved in the western and central regional Victoria property market for approximately 25 years, and during this time he has delivered valuation and property consultancy services to private and institutional clients across all property classes and for a variety of purposes.
Darren has, in addition to more conventional asset classes, undertaken many valuations of subdivisional land, medical and health related properties, community centres, thoroughbred horse racing facilities, hospitality and tourism related assets.
Specialties:
- Commercial, Industrial, and other non-residential property valuations
- Retail, Office & Industrial rental assessments
- Government agency valuations for acquisition and disposal
- Family Law and other litigation related valuations
- Corporate real estate advisory
- Asset valuations for financial reporting purposes
- Mortgage valuations
- Residential development consultancy
- Prestige residential valuations
- Rural valuations
- Hospitality & Tourism valuations
- Thoroughbred Horse Racing property valuations
- Property management
- Commercial property sales/acquisition advocacy
Director
Peter has been involved in, and overseen, many large-scale valuation projects in his time at Preston Rowe Paterson, for clients such as the State Government, Commonwealth Bank of Australia, Ampol, United Petroleum, Reece Plumbing and Federation TAFE and ME Bank.
Peter is also recognised as a specialist petrol station and carwash expert, regularly undertaking valuations of such assets for Lenders, Oil Companies, Owner-Operators and Investors.
Peter has also been appointed to the Australian Property Institutes specialist Retail Valuer panel.
Specialties:
- Mortgage valuations for Commercial, Industrial, Rural and other Non-Residential properties up to $20,000,000
- Mortgage valuations of Industrial and Commercial development sites
- Asset Valuations for Financial Reporting
- Valuation and advisory for Mortgagees in Possession
- Portfolio and Insurance valuations of Commercial and Industrial properties for government departments, private sector and funds management
- Valuation of specialised assets, including petrol stations, car washes and main road development sites
- Retail, Commercial, Industrial rental assessments and determinations
- Retrospective Valuations
- Acquisition and divestment advisory
- Corporate Real Estate Advisory
Director
Chris has been involved in the Property Industry for over 20 years with a career starting in Real Estate including all facets of sales, leasing and property management of residential and commercial property. In 2015 he commenced his valuation career with Preston Rowe Paterson bringing his wealth of local real estate knowledge and since expanding on that to specialise in Residential, Family Law and Boutique Development valuations.
Specialties:
- Mortgage valuations for Residential, Commercial, and Industrial properties
- Family Law and other litigation related valuations
- Premium Residential Valuations
- Boutique Development Valuations
- Residential and Commercial Depreciation Schedules
- Residential and Commercial sales and consultancy
- Residential and Commercial property management
- Asset valuations for financial reporting purposes
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 Victoria. 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 Bendigo, Victoria, 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 Bendigo cover several Local Government Areas, including Greater Bendigo, Mount Alexander, Central Goldfields, Macedon Ranges, Hepburn and Loddon. In conjunction with their partner office in Ballarat, they also service Ballarat, Moorabool, Pyrenees and Golden Plains.
PRP have offices throughout Australia and New Zealand, including all capital cities and many regional areas. PRP also have full coverage throughout regional Victoria