Experts in Property Valuation, Geraldton and Midwest
Providing independent property advice in commercial, residential, rural and specialised sectors
PRP Geraldton & Midwest was established and incorporated into our international property consultancy group in 2021 by locally based Director Glenn Cooper. Glenn has over 30 years of valuation and property experience. In 2024, Nathan Rigby joined Glenn as Partner and Co-Director and adds 19 years of valuation and property experience to the business.
Based in Geraldton, the local office provides property valuation services covering areas north to Carnarvon, east to Meekatharra, south to Jurien Bay and everywhere in between.
Glenn, Nathan, and staff have extensive experience in all facets of the valuation industry including residential, commercial, rural, and regional work for finance, government and private clients.
PRP Geraldton & Midwest works closely with the PRP Perth and PRP Pilbara/Kimberley teams to provide a Statewide broad range of property advisory services and can leverage benefits from the national PRP group whilst delivering a locally focussed quality personalised service.
“We know that people make the difference.”
At PRP, 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 efficient, cost effective and high quality 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 hold Land Valuers Licenses in Western Australia
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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 and rural.
Other Services
- Mortgage Services
- Expert Witness Services
- Family Law Services
- Taxation Services
- Government and Statutory Services
- Insurance 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
- Cost effective annual updates for SMSF property holdings
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 Services
- Insurance replacement cost valuations
- Strata Insurance replacement cost valuations
- Insurance reinstatement cost valuations
- All types of building insurance valuation
Case Studies
Property address & client details withheld for confidentiality
Rural Valuation
Rural Valuation
PRP Geraldton and Midwest was engaged by a lender to assess two Carnarvon plantation properties which included significant shade house infrastructure and two different types of water licences.
The Challenge
- There was a lack of recent settled on-market evidence to assist in establishing property value.
- The shade house infrastructure was far more substantial than anything else that had sold over the last several years.
- With significant construction cost rises, there was a wide ranging opinion of the true replacement cost and added value.
- Determining the additional value of the water licences required on the ground experience in the location and an in-depth knowledge of the legal and statutory capability of transferring these.
The Result
- We were able to source full details of registered and off-market transactions to provide the client with confidence in making an informed lending decision.
- We were able to source suitable replacement cost of shade house infrastructure from our internal network and the broader PRP network.
- We were able to articulate the value of water license, connection and importance to the land and risk of transfer to lender.
- Our report was returned within the required timeframe meeting the short turnaround time.
Commercial Valuation
Commercial Valuation
PRP Geraldton and Midwest was engaged by a commercial tenant to establish the Market Value and Market Rent of a large industrial development they were currently leasing to investigate acquisition scenarios or re-negotiation of the lease.
This included several lots and multiple buildings including potential contamination issues from underground fuel tanks.
The Challenge
- Consisted of a variety of size and quality buildings.
- There may have been some contamination issues that needed to be addressed.
- The market for this type of property was improving with only limited evidence to judge recent growth in capital and rental values.
The Solution
- We sourced recent comparable evidence of sale and rental information to ascertain a reliable and accurate value to provide the client confidence in their investment decision.
- We provided suitable risk commentary around the potential contamination issues including some advice on solutions and how to mitigate their risk prior to purchase.
High Worth Residential Valuation
High Worth Residential Valuation
PRP Geraldton and Midwest was engaged by a lender to assess one of the more substantial and well located residences in town.
The Challenge
- Presented the upper end of the market in the Geraldton region with limited market depth and limited evidence.
- Improving market conditions requires a good local knowledge to best judge the moving market.
The Solution
- We considered all available evidence and analysed the price growth of these sales relative to each other to best determine the level of growth on the location and allow for this when comparing the limited evidence available.
- Obtained recent construction data and land sales to consider the replacement cost of the property.
Regional Mixed Use Development / Office Valuation
Regional Mixed Use Development / Office Valuation
PRP Geraldton and Midwest was engaged by a Government Department to establish the market value of a potential development site with dated office improvements in a Carnarvon waterfront position.
The purpose of the valuation was for disposal purposes with several interested parties already in place.
The Challenge
- The location has had varying degrees of demand over time which has led to fluctuating prices.
- Commercial properties are thinly traded in the area.
- There were a number of environmental and local economic conditions influencing the value.
The Solution
- We provided insight into market demand and established the driver and legitimacy of the of market interest.
- Through our broader PRP network in WA, we were able to summarise and include commercial transactions from various regional towns.
- This assisted the department with the disposal of the asset at a time to best maximise their returns.
Road Resumption Valuations
Road Resumption Valuations
PRP was engaged by the acquiring authority to provide the initial assessment on a variety of commercial and residential land holdings within Geraldton for the first stages of planning for potential future land acquisition.
The Challenge
- The sites included a wide range of properties from high exposure retail to residential and more industrial based land.
- Improvements were to be considered at this early stage however without the benefit of full inspections, adding a degree of subjectivity.
How We Assisted
- We used all available information to gain an accurate picture of the improvements on site.
- We adjusted land rates based on our experience and the available evidence between the adjoining but differing property types and zonings.
- We provided clear rationale as to the value of compensation payable in accordance with legislation.
PRP Directors
Director
In 2021 Glenn established the PRP Geraldton and Midwest office after seeing a gap in the market for a locally based, experienced valuation firm specialising in the area.
Glenn has over 25 years valuation experience working throughout Western Australia and has previously managed a team of 30 valuers, who serviced the Perth Metropolitan and surrounding areas.
Glenn has had significant experience in the rural and regional sectors spending many years working through regional centres of WA covering most asset classes including residential, commercial and rural.
Glenn is also a licensed real estate agent, having been involved in a number of leasing and sales transactions and provides a differing view and insight into market dynamics.
He has an extensive history within the valuation industry and involvement in the governing body the Australian Property Institute (API) as well as training a significant
number of young valuation professionals.
Director
Nathan has been a part of the PRP brand since 2019 and recently joined the PRP Geraldton and Midwest office as Director in 2024.
Nathan has nearly 20 years of valuation experience, a significant portion of which took place in a variety of regional areas across Western Australia.
He has a wealth of experience and knowledge, having provided property valuation and consultancy advice across a broad range of asset classes including commercial, industrial, retail and residential.
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 Western 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 Perth, Western 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 36 offices across Australia & New Zealand. Our presence in Western Australia has progressively grown and we now have Western Australian offices in Perth (Servicing Perth, Peel & Wheatbelt), Geraldton (Servicing Midwest Region) and Broome (Servicing the entire Northwest). We also offer coverage across the rest of Western Australia as required.