Experts in Property Valuation, Dubbo & Central West
Providing independent property advice in rural, commercial, residential, development and specialised sectors
Preston Rowe Paterson Dubbo & Central West was established in 2016 by founding Directors Tom Needham and James Skuthorp. The decision to align with Preston Rowe Paterson was made to embrace the company’s high standards of quality, innovative new technologies, and customer-centric mentality as well as the combined experience of its nationwide network of specialist valuers.
Dubbo is a major regional centre in north western New South Wales serving an estimated population catchment of 130,000. In recent years, Dubbo has grown with expanding residential development, industrial and manufacturing industries. Dubbo is the centre of a rich and diversified pastoral and agricultural district and is the regional headquarters for many Federal and State Government Departments.
The office boasts 19 years’ experience offering a wide range of valuation services , we specialise in all types of property consultancy, including:
- Residential
- Commercial
- Industrial
- Farmlets
- Rural
- Plant and Machinery
- Specialised Properties
We particularly specialise in valuations required for Family Law, insurance, asset, superannuation, mortgage security, depreciation, stamp duty and statutory purposes.
PRP Dubbo & Central West covers a large area of the Central West, Orana and Far West regions. Local Government areas include: Bourke, Broken Hill, Central Darling, Cobar, Brewarrina, Bogan, Lachlan, Walgett, Coonamble, Warren, Narromine, Parkes, Forbes, Dubbo, Gilgandra, Wellington, Warrumbungle and Unincorporated Far Western Region.
PRP Dubbo & Central West provides professional local property advice with particular emphasis on client focus. We, at PRP Dubbo & Central West, think it is important that you, the client, are listened to, so that your concerns can be addressed during the valuation process. So, if you wish to speak to real, local, independent property Valuers, contact Preston Rowe Paterson Dubbo & Central West so that we can advise you on how next to proceed with your property valuation requirements.
“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 rural, residential, commercial and development.
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 Dubbo & Central West Directors
Director
James has over 15 years of experience in the property industry, encompassing the fields of property valuation and advisory services.
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.
Director
Tom has been in the property industry for over 10 years, having started out with Preston Rowe Paterson as an assistant valuer, progressing to a residential property valuer before advancing to his current role of a plant and machinery valuer and a commercial valuer.
Tom has a comprehensive understanding and extensive experience in asset, plant and machinery valuations, having conducted valuations in various locations around rural and metropolitan Australia. In addition, Tom has been involved in a number of projects on offshore locations such as Nauru, Norfolk Island and Papua New Guinea.
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 New South Wales. 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 NSW, 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 38 offices across Australia & New Zealand.