Experts in Property Valuation, Shepparton
Providing independent property advice in rural, commercial, residential, development and specialised sectors
Preston Rowe Paterson Shepparton was established in November 1997 by well-known local Shepparton valuer Wes Ridd, and originally traded as Goulburn Valley Property Services. Whilst initially the practice specialised in rural farm valuations, it has grown to encompass all property types including Commercial, Industrial, Residential and Specialist properties.
Preston Rowe Paterson Shepparton’s rural expertise, still a core discipline, covers a broad spectrum including:
- Beef and sheep grazing
- Dairy farms
- Dryland farming
- Mixed enterprises
- Irrigation industry including orchards and water
- Intensive animal production enterprises including feedlots, piggeries, poultry and egg farms
- Specialised enterprises including vineyards and wineries
Shepparton is one of the major regional centres in the Goulburn Valley and the Preston Rowe Paterson team also services other nearby towns such as Echuca, Kyabram, Benalla, Seymour and Wangaratta.
Often referred to as the food bowl of Australia, the Goulburn Valley region is one of Australia’s most productive and intensively farmed areas and is predominantly irrigated.
Geographically, the Goulburn Valley region consists of those areas in the catchment of the Goulburn River and other nearby streams, and is part of the Murray-Darling Basin. The Goulburn Valley is bordered to the south by the Great Dividing Range and to the north by the Murray River, the state border with New South Wales.
Contact our friendly team to discuss your local property needs.
The Preston Rowe Paterson Kanny-goopna (Shepparton) office would like to acknowledge the Yorta Yorta Bangerang Kalitheban Wollithiga Moira Ulupna Kwat Kwat Yalaba Yalaba Nguaria-iiliam-wurrung People of the Kulin Nation, who are the Traditional Custodians of the lands on which we work and provide our services. We pay our respects to all Elders past and present, and extend that respect to all Aboriginal and Torres Strait Islander peoples’ ongoing connection to culture, land, air, waterways and seas.
“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 Shepparton Director
Director
Born and raised on a mixed farming property, Wesley Ridd brings a genuine, hands-on understanding of rural life to his work as a property valuer. Wesley holds qualifications in both Agricultural Science and Valuations, and has accumulated over 25 years of experience servicing the north east of Victoria and southern New South Wales.
As the founder of what is now Preston Rowe Paterson Shepparton, originally established in November 1997 as Goulburn Valley Property Services, Wesley has built a reputation as one of the region’s most trusted and respected rural valuers. His extensive knowledge spans all areas of northern Victoria and the Riverina region of NSW, complemented by a strong background in rural valuations and property management. Wesley and his team are well placed to assist clients across the Goulburn Valley and beyond with expert, locally grounded property advice.
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 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.