Experts in Property Valuation, Northern Territory
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 37 offices throughout Australia and New Zealand and global partnerships in China, Japan, Thailand, Philippines and Dubai.
PRP Northern Territory is led by locally based Directors, Jeremy Callan and Caleb Weatherston. Preston Rowe Paterson Northern Territory specialises in all facets of real estate valuation and property consultancy including: valuations for mortgage security, pre-purchase and proposed sale, asset portfolio and accounting, stamp duty, taxation, GST, rental determinations, family law and litigation testimony, insurance reviews, consultancy, market analysis and research, and statutory valuations
PRP Northern Territory have joined the PRP Group in 2024. Based in Darwin, the local office provides property valuation services covering areas from Darwin to Alice Springs, and everywhere in between. Local Directors Jeremy and Caleb have over 20 years of combined experience in valuation and property services throughout the Northern Territory and Australia and focus on delivering quality personalised services.
“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 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 Northern Territory
Director
Jeremy is a distinguished property professional boasting more than a decade of comprehensive experience in the Property Industry. His expertise spans across a variety of key areas including Valuations, Commercial Property Sales, Leasing, and Property Management. Throughout his career, Jeremy has successfully collaborated with an extensive array of clients, encompassing corporate entities, private investors, and local stakeholders.
Possessing an in-depth understanding of the Northern Territory property market, Jeremy has cultivated a wide-ranging and versatile skill set that covers all aspects of the property sector. His profound knowledge and hands-on experience have enabled him to deliver exceptional results and foster strong client relationships, solidifying his reputation as a trusted expert in his field.
Jeremy’s ability to navigate the complexities of the property market and his commitment to excellence have consistently led to successful outcomes in various property transactions and projects. His strategic approach and meticulous attention to detail ensure that all client needs are met with the highest standards of professionalism and efficiency.
Director
Caleb is a seasoned professional in the Valuation and Property industry, with a career extending over a decade since beginning in 2012. His broad experience covers a variety of locations including metropolitan, regional, and remote areas of the Northern Territory, Western Australia, and Victoria.
His expertise is diverse and comprehensive, encompassing Residential and Rural Residential properties, Commercial properties, and a spectrum of transactional activities including sales, rentals, and building replacement insurance. Caleb’s proficiency extends to leasing, construction, and property development, serving a wide range of sectors such as mortgage security, government, and private enterprises.
Caleb possesses a profound understanding of the Valuation and Finance industries, which complements his practical experience and enhances his ability to navigate complex property landscapes. His in-depth knowledge and hands-on approach have positioned him as an expert in handling intricate property transactions and development projects.
Renowned for his strategic insight and meticulous attention to detail, Caleb has successfully managed numerous high-stakes projects, consistently delivering results that meet and surpass client expectations. His dedication to achieving excellence in every facet of his work ensures that he remains at the forefront of the industry, providing reliable, high-quality service to every client.
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 Northern Territory, 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. We offer coverage across all of the Northern Territory.