Experts in Property Valuation, Launceston
Providing independent property advice in rural, commercial, residential, development and specialised sectors
The Launceston office opened in December 2015, located in the heart of one of Australia’s oldest cities. As Tasmania’s second largest city, Launceston and its surrounding northern region offer a unique blend of city and country charm, historic towns, and stunning scenic landscapes.
Working closely with our Southern Hobart office, we deliver premium property valuation services across a comprehensive range of specialisations:
- Commercial
- Family Law
- Industrial
- Retail
- Residential
- Vacant Land
- Rural and Agribusiness
- Plant and Machinery
- Healthcare and Retirement
- Hotel and Leisure
- Special Purpose
Our services are offered to a broad range of clients across Tasmania.
Our team are proud local Tasmanians with deep knowledge of the local market and its trends. Highly skilled across all aspects of property valuation, our valuers are API accredited and stay current with evolving legislation and industry standards.
We are committed to building lasting client relationships, approaching every engagement with professionalism, care, and a dedication to delivering thorough and reliable results.
“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 Launceston Directors
Director
With more than three decades of experience in the valuation industry, Damien is a seasoned professional with a commanding understanding of property markets across both the private and government sectors.
His expertise encompasses a comprehensive range of valuation disciplines, positioning him as a trusted adviser to clients navigating complex property decisions. Damien’s areas of specialisation include mortgage valuations, family law valuations, stamp duty and capital gains assessments, commercial and industrial property, asset valuations, and sales and leasing transaction advisory.
Throughout his career, Damien has built a reputation for delivering accurate, well-reasoned valuations and strategic counsel — qualities that continue to define his practice and inspire confidence in the clients he serves.
Associate Director
Mackenzie joined Preston Rowe Paterson Tasmania in November 2012, bringing with him a commitment to excellence that has shaped a distinguished career within the firm.
In August 2020, Mackenzie achieved his AAPI Certified Practising Valuer (CPV) accreditation — a mark of the rigorous professional standards he holds himself to. His continued contribution to the firm was recognised in March 2023 with his promotion to Associate Director.
In his current role, Mackenzie undertakes a diverse range of valuations across Tasmania, while also investing in the future of the profession through the mentoring and training of student valuers at PRP Tasmania.
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 Tasmania. 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 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.
PRP has some 38 offices across Australia & New Zealand.